Would Insurance Cover a Meteorite Strike?

With the near earth asteroid  passing by this afternoon and the meteor that exploded over Russia, a sobering question has arisen that not many people have ever taken into consideration. "Would my homeowners and/or auto insurance cover damage by falling space debris?" It's not something that is typically discussed in many insurance meetings with your agent.  In fact, damage from such an event is extremely rare!



Over 3,000 buildings were damaged in Russia today when a meteorite exploded over the Russian city of Chelyabinsk.  The explosion from the meteor caused a supersonic sound wave that blew out the windows and doors of many buildings in the area.  At least 1,000 people have been reported injured from this event.  Thankfully, nobody has been killed.

The good news is that falling space debris, asteroids, meteorites and even falling satellites are covered under a standard homeowner and business insurance policy!  There is even coverage for your contents/personal property from such an event.  If a meteorite falls on your car, there is also coverage under your auto comprehensive damage endorsement.  You would even be covered in the unfortunate event that a meteor strikes a person.  Liability and life insurance would take effect from that point.

So you can rest assured that your property will be covered in the event of an unlikely meteorite apocalypse. :)