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  1. #1
    Join Date
    Apr 2014

    Building insurance, what's it for?

    I live in a very old building and my insurance policy never pays when we have problems. The thing is I can't get a better one because the building is too old and was never improved. Should we just cancel all the thing at once, if we do it I'm afraid we stay with nothing in case of a disaster!

  2. #2
    Join Date
    Apr 2015

    Re: Building insurance, what's it for?

    Natural disasters are not the only emergencies in which organizations have been founded to help citizens when insurance policies are nonexistent, or not enough; organizations such as the Federal Emergency Management Agency, better known as FEMA, have stepped in and helped during troubled times. However, past terrorist attacks, and present risks of terrorist attacks, have prompted the federal government to get involved and pass the Terrorism Risk Insurance Act, also known as TRIA.

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