Chances are, you’re covered by insurance in case of a terrorist attack

InsuranceQuotes.com staff

If a terrorist attack like 9/11 were to destroy your home or damage your car, would your insurance cover you? In most cases, the answer is “yes.”

Here’s a rundown of how several types of insurance would cover you if you were the victim of a terrorist act:

• Standard homeowner’s insurance policies include coverage for damage to property and belongings that results from a terrorist act. While terrorism is not specifically mentioned in home insurance policies, homeowners are covered for damage from explosions, fires and smoke — the likely causes of damage in a terrorist attack.

• Standard renter’s policies include coverage for damage to personal belongings in a terrorist attack. However, coverage of the apartment complex itself must be purchased by the landlord.

• Auto insurance policies also cover a car that’s damaged or destroyed in a terrorist attack, but only if the policyholder has purchased optional “comprehensive” coverage.

• Life insurance policies do not contain terrorism exclusions; proceeds are paid to the beneficiaries designated on a policy.

• Health and disability insurance policies may provide coverage for loss of life, injury or sickness for anyone injured in a terrorist attack.

Source: Insurance Information Institute

How has the insurance world changed since 9/11? Check out our story at /9-11-terrorism-insurance.