Does your homeowners insurance exclude radiation contamination?

By | February 2, 2014

title insurance New YorkFor Americans the nuclear disaster that was set-off by the earthquake and subsequent tsunami in Fukushima, Japan in March 2011 was a tragic story not expected to significantly impact the United States!

Since that time, however, anecdotal evidence suggests that the nuclear waste and radiation flowing from the core of the crippled reactors that has yet to be contained is indeed beginning to affect the west coast of the United States.

So what does this story have to do with real estate?

Perhaps nothing but perhaps a great deal as insurers appear to have begun to add language to their policies that would exclude claims due to certain aspects of nuclear energy.

The endorsement changes were reported to have been sent by the Traveler’s Insurance Company.

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

NUCLEAR ENERGY LIABILITY EXCLUSION
ENDORSEMENT

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Don’t Pay Too Much For Your Title Insurance!

If you have any questions about title insurance in New York you can contact Hallmark Abstract Service for the answers!

Also remember that you have the right to choose your title insurance provider and that non-title insurance fees in a real estate purchase or refinance can vary substantially from firm to firm!

If you would like to have Hallmark Abstract Service provide you with a sample title bill for an upcoming transaction (we charge our cost for the non-title insurance premium fees) please give us a call at 516.741.4723 or send us an email at orders@hallmarkabstractllc.com. 


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