When protests, riots or civil disorders break out, business, home and vehicle owners can suffer, and property damage can result in large losses for insurers. Sometimes even a harmless gathering can suddenly turn into an ugly mob, causing looting, vandalism and fires that can cause millions of dollars in damage.
Depending on the type of property involved, there are several types of insurance coverages available to protect policyholders from most forms of civil commotion.
Recent costly uprisings
In 2015, arson and looting occurred in Baltimore, Md., following the funeral for Freddie Gray, a 25-year-old who died after suffering a spinal cord injury while in police custody. The estimated insured loss from the property damage is about $24 million, according to the Insurance Information Institute (I.I.I.).
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