The sky is falling: Insurance for satellite debris
Will your home and your car be covered when the NASA satellite breaks up and falls to Earth later this week?
This post comes from Michelle Megna at partner site Insurance.com.
A bus-sized defunct climate satellite is expected to make a fiery freefall from space down to Earth on Sept. 23, according to NASA. The space agency is monitoring the course of the death plunge.
The 6-ton satellite, which has been airborne for 20 years, is likely to burst into 26 pieces, the biggest of which could be about 350 pounds when it hits the Earth. The chance of a person getting struck by satellite debris has been calculated by NASA at 1 in 3,200, although the chance of you, out of the 7 billion people in the world, getting dinged is less than 1 in 10 trillion.
Still, if you are unfortunate enough to be in the satellite's path, will your insurance cover the damage? If you have home insurance, the answer is likely to be "yes." Post continues after video.
"'Falling objects' is a covered peril in most home insurance policies," says Robert Passmore, senior director of personal lines at Property Casualty Insurers Association of America.
On the other hand, your car may or may not be covered. It all depends on whether or not you carry comprehensive coverage, Passmore says. Many people drop this auto insurance coverage once their car reaches its last few years of life.
Health insurance will cover any care if you are injured by space debris. And if you get bonked on the head by the satellite and wake up at the Pearly Gates? No need to worry, so long as your life insurance premiums are paid up.
Thank your lucky stars, the chance of having your property or person be struck by space junk is remote. According to Space.com, "To date there have been no confirmed reports of an injury or significant property damage resulting from re-entering space objects."
Nonetheless, insurance is for life's unexpected disasters, and we'll be keeping our eyes on the sky.
More on Insurance.com and MSN Money:
Out of the 7 billion people in the world, getting dinged is less than 1 in 10 trillion
we could only hope Iran's president Mahmoud Ahmadinejad is that 1 then maybe that would finally shut his rants up about our country and our people GOD BLESS AMERICA LAND THAT I & U LOVE
Reading the comments is more entertaining than the article itself!! In a world with a million problems it's insane how we as one of the richest countries in the world still have a population that wants to bicker at each other over spilled milk. Democrat, Republican or whatever you are, we're all still very blessed and fortunate and having a positive attitude would go a long way for our country rather than everyone always hurling insults, etc!
As far as the satellite, why don't we just send up Ben Affleck and Bruce Willis; with their prior experience shouldn't be a problem......
Now we have to worry about crap from space....Why don't you try something new publish something positive. All we have is a continual barrage of negative information it is no wonder the majority of the population has depression. Why would you even publish anything about debris falling from space? What do you suggest we all run around in a panic and hope this S%&t doesn’t land on us, you create these messages to capture attention with no regard of the consequences?
I wouldn't mind either if it hit my house... as long as my irreplaceable items ( including me )
weren't in it.
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