While earthquake insurance is not required by law, it’s important to understand that your standard home, condo, or investment property insurance policy typically won’t cover earthquake damage. If you want protection against the possibility of an earthquake, you’ll need to purchase a specialized earthquake insurance policy.
What Does My Home Insurance Cover?
Your home insurance policy provides broad coverage for many types of damage, including:
- Fire Damage: If a fire damages your home, your policy covers repair costs and replacement of personal belongings.
- Weather-Related Damage: Home insurance covers damage from wind, hail, and lightning.
- Personal Liability Protection: If someone gets injured on your property, or if your dog bites a neighbor, your policy can help cover medical expenses and legal fees.
- Temporary Living Expenses: If your home is uninhabitable due to damage, your policy can cover hotel stays, meals, and other living costs while repairs are underway.
However, earthquake damage is not included in your standard home insurance coverage, which is why earthquake insurance is an important consideration, particularly if you live in an area prone to seismic activity.
How Much Does Earthquake Insurance Cost?
The cost of earthquake insurance varies depending on several factors, such as:
- Location: Earthquake risk is higher in certain areas.
- Home Characteristics: The age, type, and condition of your home will influence the premium.
- Coverage Amount: The level of coverage you need can also affect the price.
The best way to determine your earthquake insurance cost is by speaking with one of our agents. We can provide you with a free quote, help you compare different coverage options, and guide you in choosing the policy that fits your needs.
Do You Have a Disaster Plan?
In addition to securing earthquake insurance, it’s essential to be prepared in case an earthquake occurs. Here’s what you should know:
- Safe Spots: Identify safe areas in each room of your home where you can “Drop, Cover, and Hold On” during an earthquake.
- Utility Shut-Offs: Know how to turn off your utilities, such as gas, water, and electricity, in the event of damage.
- Emergency Supplies: Keep essential supplies like a fire extinguisher, flashlight, water, canned food, and blankets on hand.
Though you can’t predict earthquakes, having insurance and a disaster plan gives you peace of mind and preparedness.
Get Your Earthquake Insurance Quote Today!
Don’t wait for the unexpected to happen. Contact one of our agents for a free earthquake insurance quote, and we’ll help you find the right coverage to protect your home, condo, or investment property. Stay safe and prepared!
