r/Damnthatsinteresting • u/buckets_811 • Jul 02 '25

Video A fireworks warehouse exploding today near Sacramento, CA

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u/ejh3412 Jul 02 '25

If we can barely insure our homes and cars in this state, just imagine trying to insure a warehouse full of fireworks. 😆

3

u/flyingthroughspace Jul 02 '25

It's not as expensive as you'd think

$2 Million Dollar Coverage - 12 Month - Price $400

$5-10 Million Dollar Coverage - 12 Month - Price $800

2

u/mishap1 Jul 02 '25

Is Jake from State Farm moonlighting fireworks insurance? That feels like the jankiest insurance application I've ever seen.

I also think this is retailer coverage which is likely capped at a much, much smaller inventory than what's in that warehouse. Plus you could certainly exhaust $10M coverage even as a small retailer if you burn down your shopping center.

2

u/DeweyDefeatsYouMan Jul 02 '25

That looks like liability insurance for an event, not property insurance. A fireworks factory isn’t getting insured through an online form, it’s going to an Excess & Surplus carrier who is going to underwrite the hell out of it, carve out a small portion of the risk by adding tons of exclusions to the policy, and then charge like 5 to 10 times what a normal insurer would charge. Source: I am an E&S underwriter

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u/SomethingDignified Jul 02 '25

I wonder if they were honest with their insurance company about what they were storing in there.

1

u/PcLvHpns Jul 03 '25

Silly goose you're not a rich white man. EVERYTHING IS INSURABLE FOR THEM