© Mirko Raatz - Fotolia.comLast week an article written by Laura Mazzuca Toops in PropertyCasulaty.com’s newsletter posed an interesting question.  How would your insurance company react to the mayhem created by a huge lizard?  What would be covered and by which policy? 

Just a few notes.  The Golden Gate Bridge – a casualty to Godzilla’s rampage - is currently not insured and replacement cost is estimated at $1.55 Billion.  Insurance coverage for your home would depend on whether it was stomped and smashed or caught fire and exploded.  What about your car?  Would the comp or collision coverage take care of a big foot squashing it?  And then there’s the Terrorism Risk Insurance Act (TRIA).  Is Godzilla a terrorist?  Laura’s article begins below.  Enjoy!

Ever think about policy wording, exclusions and ISO forms when watching a summer blockbuster? You’re not alone.

Although classic movie monster Godzilla has been crushing cities (specifically, Tokyo and Manhattan) since 1954, his latest incarnation in this spring’s hit movie has shed new light on the damage wreaked by the old lizard—this time on San Francisco.

The new “Godzilla” movie earned $93.2 million on its opening weekend, according to Box Office Mojo. But the dollar amount of insurance claims and collateral damage that would result if a 335-foot prehistoric lizard really did hit San Francisco could make that amount pale in comparison.

We asked long-time insurance educators (and Godzilla fans) Chris Amrhein and Bill Wilson (director of IIABA's Virtual University) to discuss how Godzilla’s return would impact the insurance industry. Read on to see their predictions. 

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