Are there disasters my property insurance won’t cover?

Even though "all risk" property insurance contracts extend to cover a variety of calamities, there are standard exclusions where in some cases, coverage is simply not available. For example, if you think in terms of natural disasters that may occur like floods and earthquakes, there are standard exclusions regarding these perils on most property policies. However, there are ways to still purchase this coverage. More recently, the Federal Government passed legislation involving loss due to terrorism. Terrorism is now excluded from most commercial policies, but in some case may be bought back for an additional premium. Another recent exclusion is damage or injury resulting from mold and fungi. As always, our recommendation is to discuss specifics with your agent so that your needs may be properly addressed.