We all have seen pictures of destroyed cars, trucks, homes, office buildings, and apartment buildings in Ukraine. What most people do not realize is that the insurance policies that are supposed to protect these assets are voided. There are standard policy exclusions for war, military action, nuclear hazards, governmental actions, acts, or decisions. What this means is that all the assets of people and companies being destroyed have no insurance protection. Here is a link if you are interested:
https://www.propertycasualty360.com/2022/03/04/russian-attack-what-are-the-insurance-implications-414-218617/?slreturn=20220304055101
Their government will be too broke to
mount a rebuilding program. How this will play out once hostilities end is that
the taxpayers of the U.S., Canada, England, and the European Union will pay for
the rebuilding of Ukraine.
Be thankful;
that you are far away from this madness!
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