Insurance Underwriting Offices across the US are contemplating new rules that will specifically deny coverage for fires and damage caused by ‘smart’ meters.

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Due to the accumulation of fire related damage to homes and businesses from Smart Meter related malfunctions, Insurance Underwriting Offices across the country are contemplating new rules that will reduce the coverage available to you due to fire damage from a Smart Meter failure.

In the past, only two reasons existed for an insurance company to consider not paying for fire damage to your home or business, they were arson, and the fact the home or business sat vacant for at least 60 days or more before the fire.

Now a possible third reason can be added to that list, is the malfunction of a Smart Meter. What will most likely take place is that you will receive a notification from your Insurance Company telling you that a new limitation of coverage is now in force on your policy. When fire damage occurs to your home or business and the cause of the fire can be traced to a malfunction of your Smart Meter, then your company would not be held responsible for the financial loss.

The reason for this type of Draconian action on the part of the Insurance industry is simple, to save money. It appears that as the Smart Meters age, more problems are developing with them. When you couple this with the continued lack of co-operation from the Utility Companies, a reduction in the amount of coverage for an insurance policy is the only remaining answer.
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