Insurances: Nuclear, Chemical, Biological, Asbestos; Mold, Mildew, Rust and Normal Settling

This Skill Bit outlines common exclusions in insurance policies. It highlights that damages from nuclear reactions, chemical releases, biological hazards, and asbestos exposure are excluded due to their high-risk nature, protecting insurers from catastrophic losses. Additionally, mold, mildew, and rust are often excluded because they result from gradual processes. Normal settling of a building’s foundation is also excluded, as it is considered a natural occurrence. Policyholders should review their terms to clarify coverage limitations and exclusions.

Duration approx. 3 Min.

Tier: proficiency

A part of A Professional’s Guide to Business Insurance Coverage course.