Insurance companies might not cover Smart Meter-related damages

no_smart_meters

Due to the accumulation of fire related damage to homes and businesses from Smart Meter related malfunctions, Insurance Underwriting Offices across the country are contemplating new rules that will reduce the coverage available to you due to fire damage from a Smart Meter failure.

In the past, only two reasons existed for an insurance company to consider not paying for fire damage to your home or business, they were arson, and the fact the home or business sat vacant for at least 60 days or more before the fire.

Now a possible third reason can be added to that list, is the malfunction of a Smart Meter. What will most likely take place is that you will receive a notification from your Insurance Company telling you that a new limitation of coverage is now in force on your policy. When fire damage occurs to your home or business and the cause of the fire can be traced to a malfunction of your Smart Meter, then your company would not be held responsible for the financial loss.

Read the rest of the article here.

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About ibemc

Executive Director, IBE
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