Tunnel Insurance

What Does Tunnel Insurance Mean?

Tunnel insurance provides financial protection to individuals, companies, or governments that own and operate underground tunnels. These policies can cover a wide range of damages; however, they typically do not cover damage caused by acts of war or construction defects.

Insuranceopedia Explains Tunnel Insurance

Although tunnels are underground, they are not immune to damage. Earthquakes, floods, and accidents are potential threats that could harm tunnels. A single earthquake, for instance, could result in hundreds of thousands or even millions of dollars in damages. This is why tunnel insurance is essential. It is especially important for transportation companies or government agencies that rely on tunnels to move rail or car traffic between different areas.