Act of God - n. a natural disaster such as a tsunami, earthquake, volcanic eruption, wildfire, tornado or hurricane.
Nowadays, it's not as if anyone requires a definition of what constitutes an act of God, what with the alarming frequency of catastrophic events — such as the tsunamis in South Asia and Japan; the hurricanes that plague the U.S.; or the devastating earthquakes that occur worldwide.
In short, an act of God is a natural disaster that no one has the earthly power to prevent.
In the U.S., FEMA may be available for a loan (that you must pay back) to help rebuild. The catch? The President must first formally declare your neighborhood a disaster area.
Although small comfort, loopholes to protect insurance companies exist universally. Most home insurance policies anywhere in the world often prove to be a mine field of fine print and exclusions. Word to the wise? Read and re-read your policy to see exactly what it covers and - more importantly - what it excludes.
Around the Web, find out more about natural disaster insurance with tips and advice on exactly what's covered by separate policies, the likelihood of a natural disaster hitting your area, and approximately how much coverage you may need ...
More about act of God & disaster insurance around the Web:
Catastrophes: Insurance Issues - Comprehensive overview of insurance available in the U.S., risks by location, typical costs and deductibles, recent news and legislation, and historical from the Insurance Information Institute.
Insure.com - Who Needs Flood Insurance? - Details about flood insurance coverage with related resources to more information on what's available, typical costs depending on location, related contact information, glossary, flood preparedness guide, FAQ.