Bridge the gap in your home policy with earthquake insurance for protection from the unexpected.
Most home insurance policies don’t cover earthquakes.
It is a common misconception that home insurance policies typically cover earthquake events; however, this is generally not true. Most policies explicitly exclude coverage for earthquakes, primarily due to the fact that they are considered low-risk occurrences, which can result in significantly high payouts.
Covers damage or destruction caused by an earthquake.
It is encouraging to note that specialized earthquake insurance is available to protect against damage and destruction to both residential properties and commercial buildings. Typically, the deductible associated with this insurance is significantly higher than that of standard home insurance policies. While these policies do provide coverage for damage to homes, their primary purpose is to mitigate the risk of complete loss.
How much does earthquake insurance cost?
The expenses associated with earthquake insurance can vary based on your geographical location, the worth of your property, and the construction materials utilized.
Do you need earthquake insurance?
In the event that an earthquake causes damage to or completely destroys your residence, would you be financially prepared to reconstruct your home, replace your possessions, and cover the costs of temporary housing? Earthquake insurance may provide coverage for such situations.
Factors to consider when getting earthquake coverage.
Your geographical location may necessitate a thorough search for an earthquake insurance policy. In certain regions, it is possible that your homeowner's insurance must include earthquake coverage; however, this may not adequately address your specific requirements. Additionally, if you own vehicles, it is advisable to verify whether they are included in your earthquake insurance policy. Do you require earthquake insurance? For further information regarding your coverage alternatives, please reach out to us..