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MAIN Arrow to HomeYour Money Arrow to InsuranceInsurance Arrow to Acts of God Insurance Acts of God & Disaster Insurance

Act of God - n. a natural disaster such as a tsunami, earthquake, volcanic eruption, wildfire, tornado or hurricane.

lightning stormNowadays, 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.

The really bad news? There is no one umbrella insurance policy that covers natural disasters.

For example, homeowners need a separate fire insurance policy to protect against the fires that may result from an earthquake. If you purchase hurricane insurance, you better have a separate flood insurance policy to cover water damage.

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 ...

also see -> earthquake insurance

More about act of God & disaster insurance around the Web:


Catastrophes: Insurance Issues - Check out comprehensive overview of insurance available in the U.S., with information on risks by location, typical costs and deductibles, recent news and legislation, and historical facts from the Insurance Information Institute. - 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.

Tornado Insurance: Putting a Price on Disaster - Archived CBC video presentation including tips, advice, and a Did You Know? feature on how to protect and prepare yourself financially for a tornado.

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