i have oil tank leak.ins. wont cover pollution expl. third party claim /liabil. portion?

Question

ins. policy excludes pollution. please explain how i can get ins. company to cover under third party claim/liability portion of ins.i dont understand third party claim ?

Answer 1

Some policies have a LIMITED amount of first party coverage. Unless you have a pollution policy, they don't have any THIRD party coverage, except in very narrow circumstances.

Here's the explanation:

The first party is you, the person who bought the policy. The second party is the insurance company. The third party is the person who is suing you - or the person who owns the other property, where your oil leaked, and wants it cleaned up.

Just like you can't go on a car lot and buy a 2007 Ferrari for the cost of a 2000 Ford Focus, you don't get pollution coverage without paying for it, and it's MONGO MONGO expensive. So, the short answer is, if you don't have a pollution policy, the insurance company is NOT going to pay pollution coverage (to a third party). There *might* be a very small amount of pollution cleanup, depending on your policy and the circumstances of the loss, under your current policy.

Hope that clears things up a bit.