There’s Some Weird Stuff In Your Homeowner’s Insurance Policy

Do you sit and read every word of every document that you sign? Probably not. Maybe you should, but it would take up valuable time that could be spent “liking” pictures of your friend’s new puppy on Facebook. Jacob Goldstein of NPR’s Planet Money decided to read all 23 pages of his new insurance policy, and he had some questions. Mostly about the likelihood of volcanic eruptions in Brooklyn.

Insurance policies are very, very specific about what they do or don’t cover. How specific? Goldstein’s policy and most others, will cover the loss of his home and possessions if a volcano spews lava into his house, but not if it is destroyed by a missile during a declared war. If there’s no war on and his house is struck by a missile, then it’s covered.

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