Okay, so I'm reviewing the insurance documents for my business since it's time to renew policies and I'm actually changing to a new policy since my old business insurance quit covering my type of work. Anyway, one of the new pieces is a form on whether or nor I want terrorism insurance. You have GOT to be kidding me. Part of me doesn't want to do it since it's an additional $100 on the premium, but I also can forsee it being used as a way to refuse coverage. Gah!
Mal ,'Jaynestown'
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I wonder how they're defining terrorism--does it cover any civil disturbance, such as a crowd getting rowdy at a show?
They define terrorism coverage as kicking in for losses resulting from certified acts of terrorism. I'm not sure what that means.
BBQ Sauce
Wow.
They define terrorism coverage as kicking in for losses resulting from certified acts of terrorism. I'm not sure what that means.
It means the government issues them a shiny laminated certificate with an official gold seal.
Do they cover pirates hitting cruise ships?
It means the government issues them a shiny laminated certificate with an official gold seal.
Well apparently the policy does not provide coverage for acts of terrorism that are not certified by the secretary of the treasury.
not certified by the secretary of the treasury
I wonder why he gets to decide, rather than the secretary of state or defense.
The...treasury? Because they are the arbiters of what constitutes terrorism?
The...treasury? Because they are the arbiters of what constitutes terrorism?
Terrorism = bad things happen to money.
Yes, the loss of money is the most important consequence of terrorism.