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Has the opposite ever occurred, causing someone's entire house & property to become permenantly submerged underwater? Are there any insurance riders that'd cov
by rkagerer 3y ago
Has the opposite ever occurred, causing someone's entire house & property to become permenantly submerged underwater?
Are there any insurance riders that'd cover such an event, or would affected individuals be entirely at the mercy of gov't disaster relief contingencies / personal savings?
- throwup238 3y agoThe only thing I can think of is Hawaii’s lava flows, which can essentially “pave over” plots of land or even entire neighborhoods. To my knowledge no one will insure that kind of damage, just general insurance for any buildings on the property.
- philipwhiuk 3y agoCoastal erosion happens all the time. And yes, it's either covered under property insurance or your house is uninsurable, depending on the known risk when you buy/renew the insurance.
- darkhorn 3y agoYes, 1999 Turkey eartquake. And 2023 Turkey eartquake.
- dotnet00 3y agoNot an entirely permanent case, but I remember seeing a documentary about people living on shifting river deltas in Bangladesh, where the land they 'own' can get submerged for some years, forcing them to make a temporary house elsewhere, but able to go back and rebuild when/if the land re-emerges. But insurance is of course not really involved because the people living in these circumstances are typically not so well off. IIRC government relief is also not really much of a thing for those communities. They just rely on each other, knowing that by helping others in the community, they'll get help in return when they need it.