Earthquake Insurance

Earthquakes can do a great deal of damage to your home and personal possessions and, at its worst, financially devastate a family. Earthquake is excluded as a peril under most homeowners policies, however, special insurance is available. Earthquake insurance is usually written as an additional coverage to homeowners or other property insurance policy. Normally, separate deductibles are applied to losses involving your home and other buildings and contents or personal belongings. Deductibles can range from 10% to 25% of the amount covered. This means that a policy covering a house for $100,000 and contents for $25,000 with a 10% deductible, requires the policyholder to pay for the first $10,000 of damage to the house and the first $2,500 of damage to contents. The premium varies by company and, as always, we suggest shopping around to get the best price and most comfortable deductible amount.