Tragedy in Beirut – Potential Compensation Sources

Analysis

Michael Kortbawi takes a look at the recent tragedy in Beirut and some insurance considerations.

The tragic and catastrophic explosion that occurred in Beirut yesterday, beyond the immediate health and safety concerns, raises important and potentially time-sensitive considerations involving obtaining compensation for property damage sustained due to the blast.

While all are most appropriately concerned with the loss of life and serious injuries inflicted upon the population, the extent of property damage to the central Beirut area is comparable to that incurred during the dark days of the Lebanese Civil War of the last century, and cannot be understated. This article addresses some of the insurance and other liability considerations that all should be aware of so that they be in a position to recover for their losses.

Insurance Considerations – You May Have Coverage for Damage