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Sky raining fire? Homeowners insurance covers that


The Insurance Alliance of Michigan set the record straight this week for homeowners in Michigan: If a meteor crashes into your house, your homeowners insurance will likely cover the damage.

The group released a statement Wednesday following an incident late Tuesday night where dashcams and security video caught a fireball streaking over Michigan. The U.S. Geological Survey, which labeled it a meteorite impact, indicated it measured magnitude 2.0 on the agency's instruments and hit about five miles west northwest of New Haven, Michigan, according to the statement.

“Meteors may not be a risk that people in Michigan generally think about,” said Pete Kuhnmuench, executive director of the IAM, in the statement. “But fortunately, homeowners insurance policies would cover damage resulting from a meteor or its pieces.”

The group confirmed that falling objects, including satellites, asteroids, meteors and space debris, are covered under standard homeowners and business insurance policies. There is coverage for the damage the falling object causes to the structure of the home or business, as well as to property or belongings damaged within the building.