A word on possible exclusions to your policy. You have been reading in the press about insurers difficulties with terrorism. The World Trade Center tragedy was a $70 billion loss to a $300 billion industry. Insurers can’t take too many of those. The federal government is considering being the insurer for terrorism losses, much as they are for flood losses. [The consequences of not having terrorism insurance coverage would be creating ghost towns of America’s largest cities!]

What does that mean to you?

Depending on your location and the magnitude of your property values at risk, your insurer may be adding terrorism exclusions to one or more of your policies. We will keep you informed.