Posted On: November 8, 2007, 1:00 pm CST

Posted By: caffiend

Nebraskan,
I'm quite aware that the world is subject to quite a few things that are natural disasters, BUT Nebraska is generally not subject to Volcanos, Tsunamis, Earthquakes (correct me if I'm wrong), Hurricanes. I am also of the belief that Lahars, Avalanches, Lightning strikes, and tornados are too localized to be considered a Major disaster.

Let me ask that question slightly differently. What Major natural disasters (think 100s of millions of dollars damage done) is Nebraska subject to that is covered by standard HO & BOP policies (excluding flood, as it is subsidized by the Federal government)? And are these disasters subject to exclusion by endorsement by the insurance companies frequently enough that a Cat Pool has been set up by the State of Nebraska to cover said peril?

Also I asked DO they have a wind pool (or anything similar). If they do please feel free to correct me.

The reason why I ask is that in a fair number of coastal states, Wind/Hail coverage is an excluded peril by a majority of HO companies for coastal territories. In North Carolina for instance it is quite difficult to find a standard carrier east of I-95 that does cover wind at a reasonable price. As a result two policies are frequently written; A primary Hazard policy (under an HO or DP policy form), and a secondary Wind/Hail policy written thru the North Carolina Insurance Underwriting Association (aka the NCIUA, or Beach plan).

As well, If you take offense at me asking that the discussion be polite (I was not the one calling Clinton a "bimbo", nor insinuating that someone lives in a cave), or have an issue with what I have said; please make your counterpoint with some dignity and not by trying to insult my intelligence.