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Metropolis Reality Forums « State Farm »

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   Author  Topic: State Farm  (Read 231 times)
Rhune
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29289456 29289456   rhune_1971   Rhune1971
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State Farm
« on: Mar 3rd, 2003, 9:26pm »		 Quote Quote Modify Modify
BLOOMINGTON, Illinois (AP) -- State Farm Insurance Co., the nation's largest auto insurer, is mailing notices to its 40 million policyholders informing them they are not covered against nuclear blasts and radiation damage.
 
State Farm joined a host of companies in excluding nuclear-related auto claims amid heightened fear over terrorism.
 
State Farm, based in Bloomington, said nuclear blasts or radioactive damage are not normal road hazards and are thus not covered.
 
State Farm spokesman Joe Johnson said the company reviewed policies in the wake of heightened awareness over terrorism and realized there was no specific language in the policies regarding nuclear-related claims.
 
"Basically, a nuclear event is the type of situation that could threaten an insurance company's solvency," Johnson said.
 
Most insurers' auto and homeowners policies contain a similar exclusion, said Loretta Worters, spokeswoman for the Insurance Information Institute.
 
State Farm already excludes nuclear-related claims in its homeowners policies.
 
The nuclear exclusion will be added to automobile policies up for renewal beginning December 1, and the language should be included in all State Farm auto policies by June 1, 2004.
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chickmama
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Eat more Chicken

    CarlaW70
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Re: State Farm
« Reply #1 on: Mar 13th, 2003, 7:01am »		 Quote Quote Modify Modify
We have our farm insured with Farm Bureau, and thank goodness the letter we received from them said just the opposite.  Heaven Forbid any of us should EVER need nuclear, or radiation insurance coverage though!
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MzWings
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    Grahndmahmah
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Re: State Farm
« Reply #2 on: Mar 13th, 2003, 9:04am »		 Quote Quote Modify Modify
:rofl:
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"Senility Prayer"...God grant me...
The senility to forget the people I never liked
The good fortune to run into the ones that I do
And the eyesight to tell the difference."
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