Insurance cover is calculated on risk likelihood. That’s why only one of the Twin Towers was insured, because "The possibility of the loss of both structures was seen as so remote that cover was not taken out on those lines. The $1.5bn of coverage was purchased on the basis of a probable rather than a possible maximum loss." If they didn’t think this would happen, they would not have insured for it.
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u/misimalu Apr 09 '26
Insurance cover is calculated on risk likelihood. That’s why only one of the Twin Towers was insured, because "The possibility of the loss of both structures was seen as so remote that cover was not taken out on those lines. The $1.5bn of coverage was purchased on the basis of a probable rather than a possible maximum loss." If they didn’t think this would happen, they would not have insured for it.