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Groundbreaking Information About Earthquake Insurance

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Before you go off to find the best homeowners insurance companies in California, you might want to consider purchasing additional insurance policies depending on where your property is grounded on. For example, if you live in California, you have most likely experienced the roaring earthquakes shaking the ground quite frequently. If your home is located in an environment like this, it might be wise to have earthquake insurance at hand. To have a better grasp at what earthquake insurance is, let’s break down the information.


What is Earthquake Insurance?

Earthquake Insurance provides you protection when an earthquake makes some serious damage to your home. To be clear, earthquake insurance is not included in home insurance, but it can be an add-on to it depending on the provider. If you do not have earthquake insurance and an earthquake destroys your property, then you are most likely going to pay for the repair fees out of your pocket.


What is Included in Earthquake Insurance?

Earthquake Insurance includes:

  • Dwelling Coverage – assists in your home repair expenses
  • Loss of Use Coverage – helps cover for your temporary living expenses while your home is being repaired
  • Personal Property Coverage – provides coverage for your personal belongings like furniture, TV, etc.


In an incident where you need to rebuild your home because the original structure of it was faulty, then your insurance policy can help cover those additional expenses, this is known as building code upgrade coverage. Since earthquakes can cause many kinds of accidents in its aftermath, like bursting a water pipe in your home, damaging your vehicle, etc. you will have to research and know what your policies will cover when any of these happen.


How Much is Earthquake Insurance?

Earthquake Insurance can be expensive depending on how likely you need it. Usually, yearly earthquake insurance amounts can range from about $800 – $5,000 a year. In addition, there are policy deductibles which is a required payment that you need to make prior to your insurance kicking in, and it can be very high (between 10 – 20% of your coverage limit). This is where you want to analyze and see if earthquake insurance is really worth it for you and your living situation.


After learning more about Earthquake Insurance, we hope that we helped ease the process of your insurance research journey. If you still need help with finding the best homeowners insurance companies in California, feel free to check out our other blog posts about each home insurance policy coverages and/or reach out to a Get-a-Quote professional today. Get-a-Quote is a great way to get a personal touch on your insurance research journey through human interaction.


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