This is just a force major clause. It sounds like maybe someone in the industry got burned by the "we will do our best" ambiguous language and moved to a more clear force major clause.
Do I think insurance companies should have an out for force major? No. But it's been the law for them for the last ~60 years. Does this make it less of a problem? No. It just means there is a problem that we should have been solving this whole time.
This is why you can get flood insurance that doesn't cover a flood. It's been that way for a long time.
x0x7 2 points 4 months ago
This is just a force major clause. It sounds like maybe someone in the industry got burned by the "we will do our best" ambiguous language and moved to a more clear force major clause.
Do I think insurance companies should have an out for force major? No. But it's been the law for them for the last ~60 years. Does this make it less of a problem? No. It just means there is a problem that we should have been solving this whole time.
This is why you can get flood insurance that doesn't cover a flood. It's been that way for a long time.