High Cost To Insure Bridge
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.