It doesn’t take a strong earthquake to cause damage to your home or car. Even mild tremors can cause cracks in your foundation or damage to your personal belongings. Think again, if you believe you are covered, because typically, neither homeowners insurance or renters insurance covers damage caused by earthquakes. Instead, you need to purchase additional earthquake insurance if you want to ensure coverage.
For those living in California, you know that earthquakes can happen with almost no warning. This is why earthquake insurance should be one of the ‘must have’ policies for every family.
The question of whether or not you need earthquake insurance can be answered just by looking at these statistics.
- Earthquake Track shows that there have been 7800 earthquakes in California during the past year.
- Los Angeles and the surrounding area has seen over 2700 quakes in the past year.
- According to one FEMA study, 84% of the nation’s earthquake losses occur in California and they amount to $3.3 billion.
The reality is that unless you have enough cash set aside to rebuild or repair your home after an earthquake, you probably need earthquake insurance. You should also consider the cost of temporary housing in case your home is uninhabitable.
Truth is, we find that most homeowners cannot afford to cover those types of expenses without the help of earthquake insurance.
Earthquake Insurance in California
Earthquake coverage is available in the form of a separate policy or, in California, from the California Earthquake Authority (CEA). Your insurance broker can help you determine which policy best suits your needs.
Ask your insurance agent if these forms of protection are included in your policy.
- Repair of the housing structure
- Building code upgrades
- Emergency repairs
- Coverage for personal belongings
- Additional living expenses
Earthquakes are unpredictable. No one knows when or where the next one might happen. The one thing you can control is whether your family has protection if it does happen. Reach out to Post Insurance Services, Inc. and let them provide the peace of mind that comes with knowing they will meet your earthquake insurance needs.
For a free quote call us today at (800) 262-9998 or connect with us online.