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Earthquake Insurance

EARTHQUAKE Insurance – Customer-friendly

Most people think of places like California when they think of earthquakes. Thirty-nine states in the United States are at risk of experiencing an earthquake. No one is ever really prepared for a natural disaster like an earthquake. Having earthquake insurance  is essential and also a necessary first step to protecting oneself in the event of a disaster.

What is earthquake insurance?

Earthquake coverage is a form of insurance that covers property damage resulting from a major earthquake. Most homeowners have a policy that covers a range of damage that can occur to a property when an earthquake happens.

What does earthquake coverage do?

The typical policy covers property damage or any other type of damage to a property. Any form of loss resulting from movement to the earth such as sinking, shifting or rising is covered with the typical policy. Earthquake policies covers events like mudslides, sinkholes and mudflows as well.

How does earthquake coverage work?

It offers coverage for property owners if the home is destroyed by an earthquake or any other type of designated event. Most homeowners attach it to their home insurance policy. The policy can be purchased separately as a standalone policy as well. Like any other policy, a deductible amount is required. One can expect to pay anywhere between 10 and 25 percent of a deductible for a particular structure.

Who needs earthquake coverage?

Anyone residing in a state where there is a fault line should consider getting a policy. Anyone who owns a home in an area that could be potentially affected by a mudslide, mudflow or sinkhole may be a good candidate for this type of policy.

What are the major benefits of earthquake coverage?

The policy selected can cover personal items such as valuables and any personal effects inside the home. It also covers labor costs and materials for making any repairs to the home. Temporary accommodations required as a result of the incident is also covered under this type of policy.

Homeowner policies are limited in the level of coverage they offer to homeowners. Determining how much coverage a person should have depends on the value of the home, amount of equity, and one’s ability to replace damaged items.






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