I was told today that if this is declared an act of war, insurance companies don't have to pay. I have no idea if this is the case. Maybe someone knows.
Insurance companies generally don't have to pay life insurance claims involving combatants, but I'm not sure how non-combatants would fit in. Maybe it's time to pull out the file and check my policy!
Read your own insurance policy and see if it doesn't have an excluson for "acts of war." Mine does. However, it remains to be seen if that exclusion can be made retroactively--i.e., no state of war currently exists.
If we declare war tomorrow, does that exclusion apply to today's destruction? IDK. If not, then some insurance companies are likely to go belly up by the end of the month. Something to think about when the markets open again.