Common exclusions in natural disaster insurance policies in New York: Is your property or business protected?
Insurance policies may have specific exclusions related to natural disasters such as floods, hurricanes, earthquakes, tornadoes, and whirlwinds. These exclusions are included in the policy to limit the insurer’s liability and reduce the risk of financial loss. Some common exclusions that can be found in insurance policies include: The most common exclusions in New York […]
The Rise of Coastal Areas Insurance: A Direct Effect of Climate Change?
Global warming and climate change have been responsible for the increase in insurance premiums in coastal areas due to the increase in the frequency and intensity of extreme weather events, such as hurricanes, storms, floods, and droughts. This has resulted in large losses and claims for insurance and reinsurance companies, which has led to an […]
