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Old 12-31-2012, 10:44 PM   #205
Xcelratr
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Join Date: Apr 2007
Location: So Cal - 310
Posts: 958
My Ride: 04 330Ci ZHP
Quote:
Originally Posted by wrighterjw10 View Post
They included terrorism on their policy, idk what else to tell you. Acts of war and terrorism have been excluded on policies for a long time.
Well, idk either. Do you have direct experience in multi-billion $ cre policies? Maybe the game changes at that level? Maybe the previous terrorist attack on that specific property prompted the lessee or the Port Authority to insist that the policy be written to include acts of terrorism as "disasters"?



But regardless of that, if the lessee signed the lease on July 24, and the insurance was still being finalized on Sept 11, unless someone can cite a specific instance in that 7 week span where the lessee revisited the "terrorism insurance" amount, then I'm going to call on the claim that "the owner of the twin building went over and up-ed his insurance for the towers a week before the incident".
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