Under current laws, standard fire policies cannot exclude fires resulting from terrorism or nuclear attacks without legislative intervention.

Question

Quizplus · Accepted Answer

Standard fire policies typically cover a wide range of fire-related damages, including those resulting from acts of terrorism or nuclear attacks, unless specifically excluded. However, making such exclusions generally requires legislative action or regulatory approval due to the broad protective intent of these policies and the regulatory environment governing insurance contracts.

Under Current Laws, Standard Fire Policies Cannot Exclude Fires Resulting