Homeowners frequently believe that earthquakes are covered by their standard homeowner’s insurance policy, but this is not the case. When it comes to earthquake insurance costs, this form of coverage can be obtained as an endorsement on an existing policy, but it is also frequently purchased as an independent policy.
The Insurance Information Institute (III) points out that, despite Americans in 42 states being in danger of an earthquake and its consequences, not enough individuals get earthquake insurance. That’s why comparing earthquake insurance coverage and weighing the benefits and drawbacks makes sense, especially if you reside in a place where earthquakes are not only conceivable but also likely.
According to FEMA, earthquakes are anticipated to inflict $6.1 billion in damage each year, with California responsible for around 61 percent of those losses. Earthquake insurance is the greatest financial protection against this danger, and we’ve broken down how much it costs in 255 major cities and 59 counties across California.
Earthquake Insurance Rates by City in California
A single-family home may cost anything from $2.50 to $5.50 per thousand dollars of coverage (or $1,248 to $2,744 per year for $500,000 of coverage) depending on where you reside. As you might imagine, the closer your home is near a fault line in California, the higher your premiums will be, reflecting the increased risk of earthquake damage and, as a result, the greater cost of protecting your assets. Damage from earthquakes is not covered by homes insurance in California, so if you want to be completely insured, you’ll need earthquake insurance.
| City | Average coverage rate | Average annual cost for $500,000 of coverage |
|---|---|---|
| Adelanto | $3.40 | $1,684 |
| Alameda | $5.50 | $2,744 |
| Alhambra | $3.70 | $1,851 |
| Altadena | $4.00 | $1,979 |
| Alturas | $2.60 | $1,298 |
| Anaheim - Brookhurst Center | $3.70 | $1,852 |
| Anaheim - Federal | $3.60 | $1,812 |
| Antioch | $3.60 | $1,790 |
| Azusa | $4.10 | $2,071 |
| Bakersfield - Kern City | $3.00 | $1,519 |
| Bakersfield - Panama | $3.20 | $1,600 |
| Baldwin Park | $4.10 | $2,072 |
| Banning | $4.00 | $1,981 |
| Barstow | $2.90 | $1,458 |
| Bell | $3.70 | $1,870 |
| Bellflower | $3.80 | $1,886 |
| Berkeley | $4.40 | $2,198 |
| Big Bear Lake | $3.50 | $1,727 |
| Bishop | $3.30 | $1,638 |
| Buena Park | $3.90 | $1,951 |
| Burbank | $4.10 | $2,029 |
| Calexico | $4.90 | $2,428 |
| Camarillo | $4.10 | $2,062 |
| Campbell | $4.30 | $2,138 |
| Canoga Park | $4.30 | $2,161 |
| Canyon Country | $3.90 | $1,930 |
| Carlsbad | $2.80 | $1,385 |
| Carmichael | $2.50 | $1,251 |
| Carson | $3.70 | $1,826 |
| Cathedral City | $4.10 | $2,026 |
| Cerritos | $3.80 | $1,908 |
| Chatsworth | $3.90 | $1,955 |
| Chico | $2.50 | $1,248 |
| Chino | $4.30 | $2,154 |
| Chino Hills | $3.60 | $1,825 |
| Chula Vista | $3.10 | $1,528 |
| City | $2.50 | $1,251 |
| Clovis | $2.50 | $1,254 |
| Colton | $4.60 | $2,311 |
| Colusa | $2.60 | $1,286 |
| Compton | $4.00 | $1,977 |
| Concord | $4.50 | $2,272 |
| Corona | $3.80 | $1,882 |
| Costa Mesa | $3.40 | $1,703 |
| Crescent City | $2.90 | $1,467 |
| Culver City | $3.70 | $1,860 |
| Cupertino | $4.00 | $2,015 |
| Daly City | $4.10 | $2,029 |
| Davis | $2.60 | $1,275 |
| Del Mar | $2.80 | $1,403 |
| Delano | $2.90 | $1,441 |
| Desert Hot Springs | $3.90 | $1,971 |
| East Palo Alto | $4.70 | $2,355 |
| El Cajon | $2.70 | $1,349 |
| El Centro | $5.10 | $2,528 |
| El Segundo | $3.60 | $1,825 |
| Encinitas | $2.80 | $1,385 |
| Escondido | $2.70 | $1,349 |
| Eureka - Carson Park | $3.90 | $1,951 |
| Eureka - Pine Hill | $4.00 | $1,981 |
| Fair Oaks | $2.50 | $1,251 |
| Fairfield | $3.60 | $1,798 |
| Fallbrook | $2.70 | $1,360 |
| Folsom | $2.50 | $1,251 |
| Fontana | $4.30 | $2,142 |
| Fountain Valley | $3.90 | $1,946 |
| Fremont | $5.30 | $2,627 |
| Fresno | $2.50 | $1,254 |
| Fruitridge | $2.50 | $1,251 |
| Fullerton | $3.70 | $1,860 |
| Garden Grove | $3.70 | $1,850 |
| Gardena | $3.60 | $1,822 |
| Glendale | $3.60 | $1,807 |
| Glendora | $4.20 | $2,103 |
| Grass Valley | $2.50 | $1,268 |
| Greenhaven | $2.50 | $1,251 |
| Hanford | $2.50 | $1,251 |
| Hawthorne | $3.60 | $1,821 |
| Hayward | $4.50 | $2,268 |
| Hemet | $4.30 | $2,143 |
| Hesperia | $3.50 | $1,762 |
| Hollister | $3.70 | $1,874 |
| Hollywood-West | $3.50 | $1,748 |
| Huntington Beach | $3.90 | $1,937 |
| Huntington Park | $3.70 | $1,867 |
| Indio | $4.70 | $2,325 |
| Inglewood | $3.60 | $1,796 |
| Irvine | $3.30 | $1,673 |
| Jamestown | $2.60 | $1,303 |
| LA - Central | $3.70 | $1,870 |
| LA - East | $3.60 | $1,787 |
| LA - Echo Park & Silver Lake | $3.50 | $1,767 |
| LA - El Sereno | $3.50 | $1,772 |
| LA - Griffith | $3.70 | $1,833 |
| LA - Highland Park | $3.60 | $1,811 |
| LA - Mar Vista & Culver City | $4.00 | $1,989 |
| LA - Mid-City | $3.70 | $1,828 |
| LA - South Central | $3.60 | $1,787 |
| LA - Vermont | $3.70 | $1,826 |
| LA - Wagner | $3.60 | $1,791 |
| LA - West | $4.00 | $2,013 |
| LA - Westchester | $3.60 | $1,785 |
| LA - Wilshire & La Brea | $3.80 | $1,883 |
| La Habra | $3.50 | $1,747 |
| La Mesa | $2.80 | $1,421 |
| La Puente | $4.10 | $2,055 |
| Laguna Beach | $3.00 | $1,508 |
| Laguna Niguel | $3.00 | $1,513 |
| Lake Elsinore | $3.40 | $1,705 |
| Lake Forest | $2.90 | $1,446 |
| Lakeport | $3.00 | $1,480 |
| Lakeside | $2.70 | $1,349 |
| Lakewood | $3.60 | $1,804 |
| Lancaster | $4.40 | $2,180 |
| Lewiston | $2.60 | $1,298 |
| Lincoln | $2.50 | $1,248 |
| Livermore | $3.60 | $1,823 |
| Lompoc | $3.00 | $1,522 |
| Long Beach | $4.00 | $1,975 |
| Loyalton | $2.70 | $1,341 |
| Madera | $2.50 | $1,248 |
| Mammoth Lakes | $3.00 | $1,494 |
| Mariposa | $2.60 | $1,278 |
| Marysville | $2.50 | $1,275 |
| Mckinleyville | $3.90 | $1,926 |
| Merced | $2.50 | $1,251 |
| Merkleeville | $2.80 | $1,389 |
| Mill Valley | $3.60 | $1,822 |
| Mira Mesa | $2.80 | $1,383 |
| Mission Viejo | $2.90 | $1,446 |
| Modesto | $2.50 | $1,259 |
| Monrovia | $4.10 | $2,033 |
| Montebello | $3.50 | $1,768 |
| Monterey | $3.00 | $1,481 |
| Moreno Valley | $4.00 | $1,981 |
| Murrieta | $3.40 | $1,711 |
| Napa | $3.20 | $1,620 |
| National City | $3.20 | $1,596 |
| Newport Beach | $3.40 | $1,715 |
| Northridge - 91325 | $4.60 | $2,277 |
| Northridge - 91326 | $4.00 | $1,976 |
| Norwalk | $3.90 | $1,943 |
| Oakland - Piedmont | $4.20 | $2,098 |
| Oakland - San Leandro | $4.30 | $2,145 |
| Ocean Beach | $3.20 | $1,582 |
| Oceanside | $2.80 | $1,385 |
| Ontario | $3.80 | $1,920 |
| Orange | $3.60 | $1,775 |
| Orland | $2.60 | $1,278 |
| Oxnard - Northwest | $4.10 | $2,068 |
| Oxnard - South | $4.50 | $2,226 |
| Pacific Beach | $3.30 | $1,664 |
| Pacific Palisades | $3.50 | $1,730 |
| Pacifica | $3.90 | $1,964 |
| Pacoima | $4.60 | $2,317 |
| Palmdale | $4.60 | $2,287 |
| Palos Verdes | $3.40 | $1,719 |
| Panorama City | $4.10 | $2,066 |
| Park | $3.60 | $1,812 |
| Pasadena | $3.90 | $1,962 |
| Paso Robles | $2.80 | $1,416 |
| Perris | $3.40 | $1,687 |
| Petaluma | $4.70 | $2,329 |
| Pico Rivera | $3.90 | $1,933 |
| Pioneer | $2.50 | $1,275 |
| Placentia | $3.70 | $1,870 |
| Placerville | $2.50 | $1,275 |
| Pomona | $4.30 | $2,162 |
| Porterville | $2.50 | $1,254 |
| Poway | $2.70 | $1,349 |
| Quincy | $2.60 | $1,279 |
| Ramona | $2.70 | $1,353 |
| Rancho Bernardo | $2.70 | $1,349 |
| Rancho Cucamonga | $4.40 | $2,188 |
| Rancho Palos Verde | $3.50 | $1,729 |
| Red Bluff | $2.50 | $1,248 |
| Redding | $2.50 | $1,251 |
| Redland | $4.60 | $2,310 |
| Redondo Beach | $3.60 | $1,822 |
| Redwood City | $4.20 | $2,094 |
| Reedley | $2.50 | $1,254 |
| Reseda | $4.20 | $2,115 |
| Richmond | $4.90 | $2,457 |
| Ridgecrest | $2.90 | $1,458 |
| Riverside | $3.40 | $1,717 |
| Rosemead | $3.70 | $1,840 |
| Roseville | $2.50 | $1,248 |
| Running Springs | $3.60 | $1,815 |
| Sacramento | $2.50 | $1,251 |
| Salinas | $3.90 | $1,939 |
| San Bernardino | $5.00 | $2,477 |
| San Clemente | $2.90 | $1,462 |
| San Diego - 92105 | $2.90 | $1,461 |
| San Diego - 92154 | $3.10 | $1,555 |
| San Francisco - Glen Park | $4.10 | $2,069 |
| San Francisco - Mission | $4.00 | $2,010 |
| San Francisco - Nob Hill | $4.40 | $2,207 |
| San Francisco - Sunset District | $4.30 | $2,163 |
| San Jose | $4.30 | $2,152 |
| San Jose - Campbell | $4.20 | $2,109 |
| San Luis Obispo | $2.90 | $1,426 |
| San Marcos | $2.70 | $1,353 |
| San Mateo | $4.30 | $2,128 |
| San Pedro | $3.50 | $1,760 |
| San Rafael | $4.10 | $2,046 |
| Santa Ana - Centennial Park | $3.70 | $1,837 |
| Santa Ana - Logan Park | $3.50 | $1,746 |
| Santa Barbara - Downtown | $3.40 | $1,686 |
| Santa Barbara - El Sueno | $3.50 | $1,751 |
| Santa Clara | $4.20 | $2,119 |
| Santa Clarita | $3.70 | $1,858 |
| Santa Cruz | $3.40 | $1,707 |
| Santa Maria | $3.10 | $1,567 |
| Santa Monica | $3.80 | $1,886 |
| Santa Rosa | $3.80 | $1,887 |
| Seaside | $3.10 | $1,566 |
| Simi Valley | $3.70 | $1,842 |
| Sonora | $2.60 | $1,276 |
| South Gate | $3.70 | $1,867 |
| South Lake Tahoe | $2.60 | $1,281 |
| Spring Valley | $2.80 | $1,378 |
| Stanton | $3.70 | $1,874 |
| Stockton | $2.50 | $1,261 |
| Suisun City | $3.70 | $1,852 |
| Sunnyvale | $4.40 | $2,210 |
| Susanville | $2.60 | $1,314 |
| Sylmar | $4.30 | $2,152 |
| Temecula | $3.60 | $1,810 |
| Temple City | $3.90 | $1,930 |
| Thousand Oaks | $3.40 | $1,700 |
| Torrance | $3.60 | $1,776 |
| Tracy | $2.60 | $1,292 |
| Turlock | $2.50 | $1,259 |
| Tustin | $3.60 | $1,789 |
| Twentynine Palms | $3.00 | $1,479 |
| Ukiah | $3.50 | $1,735 |
| Union City | $5.20 | $2,613 |
| Upland | $4.10 | $2,063 |
| Vacaville | $3.20 | $1,594 |
| Vallejo | $3.90 | $1,972 |
| Valley Spring | $2.50 | $1,248 |
| Van Nuys | $4.30 | $2,170 |
| Victorville | $3.50 | $1,754 |
| Visalia | $2.50 | $1,248 |
| Walnut Creek | $4.00 | $2,002 |
| Wasco | $3.00 | $1,494 |
| Watsonville | $4.50 | $2,271 |
| West Covina | $4.10 | $2,060 |
| Westminster | $3.80 | $1,879 |
| Willits | $3.40 | $1,684 |
| Woodland | $2.60 | $1,278 |
| Woodland Hills | $4.00 | $2,019 |
| Yorba Linda | $3.50 | $1,765 |
| Yreka | $2.50 | $1,275 |
| Yucaipa | $4.20 | $2,103 |
| Total | $3.50 | $1,748 |
Los Angelas
Residents in the LA areas of Echo Park, Silver Lake, and El Sereno had lower earthquake insurance premiums. Mar Vista, Culver City, and West LA would generally have to pay higher prices for the same coverage. In general, the average cost per thousand dollars of coverage was $3.70 (or $2,960 per year for an $800,000 residential dwelling coverage), with prices ranging from $3.50 to $4 per thousand. Because of the San Andreas tectonic zone and hundreds of minor active faults, the county is expected to have a 75 percent risk of a 7.0+ earthquake in the next three decades.
San Diego
In San Diego, the cost of earthquake insurance ranges from $2.90 to $3.10 per thousand dollars of coverage. The yearly premium for $575,000 of coverage (the median house price in San Diego) is expected to be $1,725. The Rose Canyon, Elsinore, and San Jacinto fault lines run through the city, which has a 75 percent probability of seeing a magnitude 7.0+ earthquake in the next 30 years, according to the California Earthquake Authority (CEA). Although the likelihood of a big earthquake is comparable in Los Angeles and San Diego, earthquake insurance prices are significantly cheaper in Los Angeles.
San Fransisco
In San Francisco, earthquake insurance for a single-family home can cost anywhere from $4 to $4.40 per thousand dollars of coverage. The Mission is on the lower end of the scale, and Nob Hill inhabitants are on the higher end of the scale. Rates for coverage on a $1.6 million median single-family house may exceed $6,000 per year. The San Andreas and Hayward faults run across the broader Bay Area, and the United States is on the verge of a major earthquake. According to the United States Geological Survey, there is a 98 percent chance that an earthquake of magnitude 6.0 or greater will occur during the next 30 years.
Earthquake Insurance Premiums by County in California
| County | Average coverage rate | Average annual cost for $500,000 coverage |
|---|---|---|
| Alameda | $4.60 | $2,311 |
| Alpine | $2.80 | $1,389 |
| Amador | $2.50 | $1,275 |
| Butte | $2.50 | $1,248 |
| Calaveras | $2.50 | $1,248 |
| Colusa | $2.60 | $1,286 |
| Contra Costa | $4.30 | $2,127 |
| Del Norte | $2.90 | $1,467 |
| El Dorado | $2.60 | $1,278 |
| Fresno | $2.50 | $1,254 |
| Glenn | $2.60 | $1,278 |
| Humboldt | $3.90 | $1,952 |
| Imperial | $5.00 | $2,479 |
| Inyo | $3.30 | $1,638 |
| Kern | $3.00 | $1,503 |
| Kings | $2.50 | $1,251 |
| Lake | $3.00 | $1,480 |
| Lassen | $2.60 | $1,314 |
| Los Angeles | $3.90 | $1,926 |
| Madera | $2.50 | $1,248 |
| Marin | $3.90 | $1,932 |
| Mariposa | $2.60 | $1,278 |
| Mendocino | $3.40 | $1,710 |
| Merced | $2.50 | $1,251 |
| Modoc | $2.60 | $1,298 |
| Mono | $3.00 | $1,494 |
| Monterey | $3.30 | $1,662 |
| Nan | $2.90 | $1,426 |
| Napa | $3.20 | $1,620 |
| Nevada | $2.50 | $1,268 |
| Orange | $3.50 | $1,748 |
| Placer | $2.50 | $1,248 |
| Plumas | $2.60 | $1,279 |
| Riverside | $3.80 | $1,895 |
| Sacramento | $2.50 | $1,251 |
| San Benito | $3.70 | $1,874 |
| San Bernardino | $3.90 | $1,950 |
| San Diego | $2.90 | $1,426 |
| San Francisco | $4.20 | $2,112 |
| San Joaquin | $2.50 | $1,268 |
| San Luis Obispo | $2.80 | $1,416 |
| San Mateo | $4.10 | $2,054 |
| Santa Barbara | $3.30 | $1,632 |
| Santa Clara | $4.30 | $2,157 |
| Santa Cruz | $4.00 | $1,985 |
| Shasta | $2.50 | $1,251 |
| Sierra | $2.70 | $1,341 |
| Siskiyou | $2.50 | $1,275 |
| Solano | $3.70 | $1,831 |
| Sonoma | $4.10 | $2,035 |
| Stanislaus | $2.50 | $1,259 |
| Sutter | $2.50 | $1,251 |
| Tehama | $2.50 | $1,248 |
| Trinity | $2.60 | $1,298 |
| Tulare | $2.50 | $1,251 |
| Tuolumne | $2.60 | $1,290 |
| Ventura | $4.00 | $1,981 |
| Yolo | $2.60 | $1,277 |
| Yuba | $2.50 | $1,275 |
If your city isn’t mentioned in the table above, our data source has averages by county. Calaveras, Tehama, Butte, Madera, and Placer counties were among the most affordable, with an average cost of $2.50 for $1,000 of coverage. At $5 per $1,000 of coverage, Imperial County has the highest average cost. The counties of Alameda and Santa Clara had the second and third highest premiums, respectively.
How Much Does Earthquake Insurance Cost Differently Depending on the Insurer?
For a single-family residence in California, the average earthquake insurance premium varied from $0.60 to $15 per thousand dollars of coverage. Annual rates for coverage limits of $500,000 are expected to range from $300 to nearly $7,000, demonstrating the necessity of comparing quotations. Starting with the cheapest, the graph below rates businesses based on their coverage cost per thousand dollars. The price you pay will depend on the features of your home, such as the foundation, the number of stories, and the year it was built. This graph also excludes insurance companies like Allstate, State Farm, and USAA, which use the California Earthquake Authority to determine premiums.
Privilege Underwriters Exchange, Cincinnati Insurance Co., and Chubb/Federal had the three lowest earthquake insurance premiums, with average rates ranging from $0.60 to $1 per $1,000 of coverage required. Aegis Security, American Modern, and Pacific Specialty, on the other hand, were the three firms with the highest rates. The prices given by these insurers were seven to fifteen times higher than the lowest rivals. The cost of these more expensive carriers was very stable, and it didn’t seem to matter whether a homeowner resided in a low-risk or high-risk region for earthquakes.
Note: For illustration reasons, all charges are presented per thousand dollars of coverage. For a rough estimate of the rate, multiply the amount of coverage you want by a thousand and multiply by the anticipated rate. For example, if you require $800,000 in coverage, divide $800 by $1,000 to get $800, then multiply that by the study's average coverage cost of $3.50 to get an estimated yearly premium of $2,800. The precise quotation and premium you'll pay will vary depending on where your home is located and the type of home you have.
Best Earthquake insurance providers in California
Theinsuranceloan.com analyzed the top earthquake insurance companies to identify those with strong financials and a good reputation. We also examined earthquake insurance providers based on the types of coverage they provide, whether they can be added to an existing homes policy and the associated advantages that customers may expect. Here’s what we discovered.
Best Overall: Allstate
Pros
- Earthquake insurance coverage is offered in select locations around the country, including California,
- has received top ratings from the Better Business Bureau and AM Best for financial soundness.
- mobile application
Cons
- To obtain a quote, you must talk with a agent.
Best for California: Amica
Pros
- Amica collaborates with the CEA to provide coverage to citizens in California.
- You can choose to bundle earthquake insurance with other Amica products, such as homes or vehicle insurance.
- Excellent financial strength and customer service ratings
- There is an online claims centre available.
Cons
- To receive an earthquake insurance quotation through the CEA, you must talk with an Amica representative.
Best Commercial Coverage: ICW Group
Pros
- Commercial earthquake insurance for buildings and business property is available.
- Assists in recouping revenue lost as a result of earthquake damage and subsequent repairs.
- Financial strength is given high marks.
Cons
- To receive a tailored quotation for your company, you must talk with a local representative.
Best for Bundling Policies: American Family Insurance
Pros
- Bundling all of your insurance plans in one location can help you save money.
- Additional insurance reductions are available.
- In addition to single-family houses, earthquake insurance for condominiums is offered.
Cons
- To obtain a quotation, you must speak with an agent directly.
- The Better Business Bureau does not accredit this company.
Best for Renters: Liberty Mutual
Pros
- A free quotation is available online.
- If you reside in an earthquake-prone location, you may add earthquake coverage to your existing renters insurance policy.
- It’s possible to file a claim online.
Cons
- To check if coverage is available in your region, you must apply.
Best Online Experience: GeoVera Insurance
Pros
- Online quotations are simple to obtain.
- You can submit claims over the internet.
- GeoVera provides earthquake insurance plans that may be purchased independently from your homes insurance.
Cons
- California, Oregon, and Washington are the only states where coverage is offered.
- This coverage cannot be combined with a standard homes insurance policy.
Best Customer Service: Country Financial
Pros
- Good customer support and financial stability ratings
- An existing homes insurance policy can be supplemented with earthquake coverage.
Cons
- To receive a quotation that includes earthquake insurance, you’ll need to consult with an agent.
- Condominiums and renter’s insurance plans are not covered by earthquake insurance.
Faqs
Fault lines: do you need earthquake insurance?
The cost of earthquake insurance varies from state to state. The amount you pay is affected by factors such as the value of your house, the materials used in its construction, and its closeness to a fault line. According to Schirmers, the typical cost of coverage in most states is between $100 and $300 per year. Premiums in California, Oregon, Washington, and Alaska are often higher, with an average cost of approximately $800. The California Earthquake Authority and Governor’s Office of Emergency Services, on the other hand, provide a discount program for insurance on braced and bolted-to-the-foundation homes. A grant is also available.
Earthquake insurance cost: everything you need to know in 2021?
The cost of earthquake insurance varies depending on where you live and which insurance provider you choose. The average cost of earthquake insurance premiums is determined by a variety of factors, including:
- The home’s closeness to a fault line
- The cost of constructing a new home
- The building materials that were utilized to create the house
- The policy’s conditions
Premiums are higher in areas where earthquake activity is increasing. Most states, for example, charge between $100 and $300 per year on average for insurance. The average cost of a policy in a state with a higher earthquake risk is $800.
Earthquake insurance for homeowners
Home constructions can be severely damaged by earthquakes. Even relatively few earthquakes can cause damage to home foundations and collapse walls, and even relatively minor tremors can ruin furniture and valuables.
Earthquake damage is not covered by homeowner’s or renter’s insurance. Basic insurance, on the other hand, would often cover damages from fires that occur as a result of a quake, as well as additional living expenses spent while your house is being repaired.
Earthquake damage is covered under the optional comprehensive portion of an uninsured motorist coverage for vehicles.
Most private insurers offer earthquake coverage in the form of a separate policy or an endorsement.
What does Earthquake insurance commonly cover?
Earthquake insurance pays for repairs to your home caused by earthquake damage such as shaking and cracking, as well as other structures not linked to your home, such as a garage. It protects your personal property against earthquake damage. It might help pay for the additional expenses of stabilizing the soil beneath your house. The expense of debris removal is covered by earthquake insurance. It also covers any extra living expenditures you may incur while your house is being renovated or restored.
Should you buy earthquake insurance?
While earthquakes cannot be predicted, they can be prepared for, and that can make all the difference. If something occurs to your house, condo, or a rental unit, American Family’s earthquake coverage can assist pay your expenses. Because earthquake damage isn’t usually covered by conventional homes, condos, or renters insurance, it’s important to acquire coverage even if you don’t live in California or Hawaii.
Recently, earthquake activity has increased in certain earthquake-free areas of the United States. According to the National Earthquake Information Center, the United States suffers between 12,000 and 14,000 earthquakes every year, with the majority of them being small. Insurance against earthquakes
What is covered under earthquake insurance?
Earthquake coverage compensates for damage to homes and other structures caused by shaking and cracking. Other insurance policies may cover damage caused indirectly by earthquakes. Even if triggered by a quake, fire and flood damage caused by ruptured gas and water lines are usually covered by the basic component of a home’s policy. The comprehensive part of auto insurance coverage covers earthquake damage to vehicles.
Conclusion
I hope you got a decision about purchasing earthquake insurance, If you get the earthquake insurance cost for your place then lemme know in the comment section which company you gonna choose and why?.
Thank you so much for visiting and check here if you want more information.
Have a great time.
Xoxo
Artist Shaan
Article Sources
ValuePenguin
USA Govt. Insurance Sites
