Monday, July 14, 2014
Inquirer Daily News

Are we insured for meteors?

Probably

Are we insured for meteors?

Reading of the apparent meteor strike whose impact shattered windows and blew in doors that injured hundreds in the tough Russia rust-belt city of Chelyabinsk, one of my editors wondered:

What if a meteor hit here? 
Would our property insurance cover the damage?

Direct damage due to falling objects would generally be covered in a commercial property insurance policy," Cole Henry, senior vice president of corporate underwriting for Tokio Marine's Philadelphia Insurance Companies, told me through spokesman Bill Procopio.

"Meteors would not be excluded.”

Joseph N. DiStefano
About this blog

PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano
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