Nuclear Reaction Exclusion


Definition of "Nuclear reaction exclusion"

Tanja Cherry Hendy real estate agent
Tanja Cherry Hendy, Real Estate Agent Bennett Realty Solutions

Clause in most property insurance policies that excepts coverage for loss from a nuclear reaction or radiation, or radioactive contamination. (However, a fire resulting from one of these perils would be covered.) Because of this exclusion, insurer pools have been formed to write coverage for nuclear reactors. In addition, the nuclear regulatory commission is authorized to provide coverage under the price-Anderson act.

 

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