Does Home Insurance Cover Asteroids, Meteors, and Space Debris
Homeowners know home insurance excludes certain types of coverage - what about asteroids? First, let's look at the probabilities. How likely would it be for an asteroid to hit your home?
According to NASA's Jet Propulsion Laboratory, no human has been killed by an asteroid in the past 1,000 years. Still, once every million years, a big one strikes:
Fifteen million years ago a 1500-meter (5,000 feet) asteroid or comet hit Bavaria, excavating more than a trillion tons of material and scattering it all over Europe.
One trillion tons = the weight of 2.7 billion 747 jumbo jets.
So while the odds are extremely low, the cost is potentially quite high.
Lucky for you, homeowners insurance includes coverage for falling objects, including asteroids, meteors, and space debris.
While a home insurance claim from an asteroid is rare, it does not prevent it from happening in the future. Astronauts of America, sleep well - your home insurance will step in if the cosmos throw your home a space ball.
At your service,