High Cost To Insure Bridge
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You think your insurance bills are high. Insurance coverage for the famous Golden Gate Bridge is doubling in cost for far less protection.
Chris Ewers, the San Francisco landmark bridge´s insurance broker, says he approached nearly two dozen insurance companies about taking on the bridge´s policy, which expires Monday. Many were interested – but only if terrorism was exempt.
As of next week, the bridge district will pay more than a million dollars for a fraction of the coverage: $25 million in physical damage to the span and $25 million for lost tolls.
The new policy doesn´t cover terror attacks.
