re: Serious question about insurance and riots

After 9/11 reinsurers pulled out of the market which made it hard for any commercial paper to be written. The states allowed insurance to be written with terrorism exclusions in order to keep policies from not being written.

The federal government started the terrorism risk act which is a federal reinsurer much like flood insurance. You can buy the policy as not an umbrella to your GL but as a separate policy.

Riots are not covered unless it is certified by the federal government that it was deemed an act of terrorism.

Unless you own a really high profile piece of real estate or real estate or business close to something like that I would think it is not worth it.

Now by that I mean if I own a business anywhere near Exxon Refinery, even something small, I'm buying it because it's not expensive and it would be worth it. If I have a building in the middle of town I'm not too worried about it.