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Fracking-Related Damages Not Covered by Standard Insurance Policies

Homeowners, be aware! That fine print in your homeowner’s insurance policy could really matter if hydraulic fracturing damages your home sweet home. Fracking-related damage, insurance industry insiders say, is not covered under a standard homeowner’s insurance policy. Neither is damage caused by floods, earthquakes or earth movement, which insurers call exclusions.

“Fracking is deemed an exclusion in the same way earthquake of earth movement is”, said Mike Barry, vice president of media relations at the Insurance Information Institute, a nonprofit institute funded by the insurance industry.

So how do homeowners try to make sure that cracks won’t be discovered in their homeowner’s policy if fracking-related incidents should occur?

Some homeowners may be considering leasing land to an energy company. Others aren’t leasing land but live near property where fracking is taking place. Both should begin by asking their insurance agent to review what’s covered in their homeowner’s policy before fracking operation begin.

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