Earthquake Insurance Policies
The Truth About Earthquake Insurance
The unpredictable nature of earthquakes can leave behind a wide range of devastation. Safety plans and emergency supplies play a role in preparing people for possible disaster. In addition to personal safety, people may want to consider earthquake insurance to safeguard against property damage or loss.
Earthquake coverage is not part of typical Home insurance policies. This type of coverage tends to be comparable to the cost of Home insurance, and can be added onto an existing policy. Thus, people living in low-risk areas may want to evaluate the cost effectiveness of purchasing earthquake coverage. Even people living in high-risk areas need to consider the financial cost versus potential earthquake risk.
Policies vary as far as what may be covered. Coverage might include:
- Dwelling: The actual structure of the home
- Contents: Personal possessions
This type of insurance may cover damages caused by earth shifting movement such as:
Following an earthquake, damages will need to be assessed and detailed, either through written documentation or photographs. Doing so will speed up the process in filling a claim and providing you with protection at a faster rate. Our agents are available to assist you in receiving the coverage you deserve.
Earthquakes can cause total devastation to property or damages that may not be apparent for days or weeks after the event. Whether or not to purchase earthquake coverage depends on several variables. These variables include the following. Whether or not the property is located in a high-risk area and how much equity is invested in the home. Insurance policies are designed to protect all types of valuables. Thus, careful consideration needs to be given to a person’s most valuable investment of all: the home. Don’t let an earthquake shake you down. Learn how you can benefit from Earthquake insurance.