Hurricane Ida caused a huge amount of damage. A coverage issue concerns asbestos in older buildings and whether removal is paid for under a property insurance policy that may also include exemptions from pollution.
A FC&S discussion posed the question as follows:
Insured injured in Hurricane Ida. During the containment work, they discovered asbestos under the floor. Would this not be considered a pollution under the policy and coverage provided based on policy formulations under trade policy?
While I omit the discussion to annoy the readers of this blog to subscribe to FC&S the conclusion was positive:
You have the right to test and reduce the asbestos would be covered by the limited amount provided under this provision. The original cause of the loss is the hurricane damage, and asbestos is part of that loss, but is subject to the limitation of pollutants.
I recently referred to FC&S Questions and Answers as part of my coverage analysis. To subscribe to FC&S follow this link.
Thought For The Day
The strongest governments on earth cannot clean up pollution themselves. They must trust every ordinary person, like you and me, in our choices and in our will.