Pat posted a very good question. Insurance companies love to cover things that are unlikely to happen. Most policies are written on an "open perils" basis and cover damage to buildings caused by events not specifically excluded. Others are written on a "named perils" basis, which is the reverse, covering only things specifically mentioned. Often, those policies cover damage from objects from the sky. It's always good to check you policy.
Does Your Homeowner's Insurance Cover Meteorite Hits?
Today has has a lot of fascinating news, but what caught my imagination was the meteorite hit in Russia, as well as the asteroid that came withing a mere 17,000 miles of crashing into the earth.
But the Russian hit was so interesting because there were so many citizen journalists, likely using smart phones, capturing images that we saw on the news tonight.
And I had to ask myself, would my State Farm policy cover me if one of these rocks passed as close to Washington? If all of my windows got blown out, or if my house was totally flattened?
I looked at my policy. It's a standard policy that doesn't cover floods. It doesn't cover earthquakes. But there isn't an exception for meteorites or asteroids. Perhaps after today, they will add another clause to exclude this coverage.
Of course, if one does crash into my abode and I'm anywhere nearby, I'll probably be too squished to care!
If you are planning a move to or from the Washington area, I can help. I am licensed in DC, Maryland and Virginia. Please email me at Housepat@mac.com or call 202-549-5167.