Nuclear exclusion clause

Nuclear exclusion clause

The nuclear exclusion clause is a clause which excludes damage caused by nuclear and radiation accidents from regular insurance policies of, for example, home owners.

Example: Notwithstanding anything to the contrary herein, it is hereby understood and agreed that this policy shall not apply to any loss, damage or expense due to or arising out of, directly or indirectly, nuclear reaction, radiation or radioactive contamination regardless of how it was caused.

As operators of nuclear power plants often have limited third-party liability, in the case of a nuclear accident it is possible that private property damage would be covered neither by the operator of the nuclear power plant nor by the property owners' insurance.

There is no nuclear exclusion clause in health insurance policies.

See also

Retrieved from "http://en.wikipedia.org/wiki/Nuclear_exclusion_clause"

Wikimedia Foundation. 2010.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • nuclear exclusion clause — noun or nuclear clause : a clause in a fire or similar insurance policy excluding loss from nuclear reaction or from nuclear radiation or radioactive contamination …   Useful english dictionary

  • Water Exclusion Clause — A restriction in a homeowner’s or renter’s insurance policy that denies coverage for certain water related claims. Types of water damage that are likely to fall under a water exclusion clause include damage caused by flood, tsunami,… …   Investment dictionary

  • nuclear clause — noun see nuclear exclusion clause …   Useful english dictionary

  • Insurance — This article is about risk management. For Insurance (blackjack), see Blackjack. For Insurance run (baseball), see Insurance run. In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a… …   Wikipedia

  • Students for a Democratic Society — This article is about the 1960s organization. For the more recent organization, see Students for a Democratic Society (2006 organization). Students for a Democratic Society (SDS) was a student activist movement in the United States that was one… …   Wikipedia

  • Aviation insurance — HistoryAviation Insurance was first introduced in the early years of the 20th Century. The first aviation insurance policy was written by Lloyd s of London in 1911. The company stopped writing aviation policies in 1912 after bad weather and the… …   Wikipedia

  • United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… …   Universalium

  • United Kingdom — a kingdom in NW Europe, consisting of Great Britain and Northern Ireland: formerly comprising Great Britain and Ireland 1801 1922. 58,610,182; 94,242 sq. mi. (244,100 sq. km). Cap.: London. Abbr.: U.K. Official name, United Kingdom of Great… …   Universalium

  • Law, Crime, and Law Enforcement — ▪ 2006 Introduction Trials of former heads of state, U.S. Supreme Court rulings on eminent domain and the death penalty, and high profile cases against former executives of large corporations were leading legal and criminal issues in 2005.… …   Universalium

  • Germany — /jerr meuh nee/, n. a republic in central Europe: after World War II divided into four zones, British, French, U.S., and Soviet, and in 1949 into East Germany and West Germany; East and West Germany were reunited in 1990. 84,068,216; 137,852 sq.… …   Universalium

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”