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Does My Homeowner's Policy Cover Earthquake?

Does My Homeowner's Policy Cover Earthquake?

Does homeowners insurance cover earthquakes?

Your homeowners insurance policy covers alot of "perils" but is an earthquake covered? Unless you have specifically had your homeowners insurance policy “endorsed” with coverage for an earthquake, you most likely have ZERO coverage in the event of an earthquake...

Consider what you would do if an Earthquake made your home uninhabitable… Would you:

  • Lose the equity in your home?
  • Still be responsible for your mortgage?
  • Be faced with finding and paying for a new home and continue paying your current mortgage?
  • Face bankruptcy?
  • Where would you live?
  • How would you pay for it?

How can I prepare for an earthquake?

Most of us know that we should keep certain things in case of an emergency. Things we should have on hand are 72-hour kits, food storage, water, first-aid kits, and even temporary shelter. All of these things are important to have for the short term. For the long term, you want to have a plan or means of rebuilding your home or temporary housing while it's being rebuilt. Most of us can't pay cash for something like that... However, you can purchase earthquake coverage for just your home or for your home, personal property, temporary housing, and other structures on your property.

How much does earthquake coverage cost?

Most of the time, earthquake coverage is going to cost a lot less than you think. The average annual premium on a $400,000 home is around $470. This is also with a 5% or 10% deductible where most major carrier’s have a 20% deductible! We have multiple carriers that offer both package and stand alone earthquake coverage. Call us or email for a no hassle earthquake quote today!