Earthquake Insurance

from RightSure Insurance Group

Two Important Things About Earthquake Insurance

  1. The average home insurance policy is not going to cover earthquake damage.
  2. Even if you have never experienced an earthquake in your area, earthquake insurance may be a great investment to ensure you are protected. 

Earthquakes have occurred in 39 of the 50 states since 1900, and about 90% of Americans live in an area that is considered to be seismically active. There majority of our customers , can have an earthquake policy that is inexpensive. Take the time to contact us today, to make sure your home and your investments are being protected properly.

Earthquake Insurance Options

The majority of home, condo and renters insurance policies do not cover the damage that is caused by an earthquake, but you can purchase coverage as an endorsement or you can even sign up for a separate policy. You may be able to save some money if you purchase your earthquake insurance from the same company that provides you with your home insurance. You can also purchase this type of coverage from an insurance provider that specializes in earthquake insurance or an organization like the California Earthquake Authority (CEA).

Do I Need Earthquake Insurance?

In almost all regions of the United States, homeowners may need the protection that earthquake insurance has to provide.  Consider these facts:

  • In the West - The U.S. Geological Survey showed that there is a 70% probability that one or more damaging earthquake of a magnitude 6.7 or larger will strike the San Francisco Bay in the next 30 years.
  • In the East - The Earthquake Education Center at Charleston Southern University published findings that claim there is a 40% to 60% chance of a major earthquake somewhere in the eastern United States in the next 20 years.
  • In the Midwest - The Insurance Information Institute found that there is a 40% to 63% chance that the New Madrid Fault, a fault that runs through Arkansas, Kentucky, Missouri and Tennessee, will cause an earthquake of a 6.0 magnitude within the next 15 years.

What Does Earthquake Insurance Cover?

When you purchase an earthquake insurance policy, your home will be covered when it is damaged by an earthquake.  The standard homeowner and renters policies will not cover earthquake damage. When you want earthquake insurance, you will have to purchase a separate policy to ensure you have the coverage you need.

Although an earthquake will provide you with the coverage you need for the damages and losses caused by an earthquake, the coverage usually does not extend to floods and tidal waves, which are often part of the aftermath of an earthquake.  You will want to talk with your insurance agency to see if your coverage extends to the damage done by a landslide, settlement or mudflow, if they are a direct result of the earthquake. 

When considering earthquake insurance policies, it is important to ask these questions:

  • How far does the policy extend outside of the home? Will your garage be covered?
  • Is your policy going to cover the cost of replacing the contents of your home and the additional living expenses that will be required to survive if your home should be badly damaged or even destroyed?
  • What are the limitations or the exclusions to coverage?
  • How much deductible are you going to have to pay before your insurance policy will kick in?

Earthquakes Can Happen – Protect Yourself

  • Your water heater, gas appliances and other fixtures will need to be fastened securely, so they do not fall over easily.
  • Bookcases and furniture will need to be secured to walls so they do not become a hazard. .
  • Create a family emergency plan that you can discuss with all of your family members. Determine where your family could meet outside of the house once the danger of the earthquake has passed.
  • Designate a relative or a friend that can be your point of contact and provide you with the communication you need between family members if you happen to get separated.
  • Create an emergency kit that includes a flashlight, battery, candles and a portable radio.
  • Everyone that is old enough should know how to turn off the electricity, water and gas in your home.
  • Talk with your earthquake insurance provider and ask if there are any repairs or improvements that you can make in your home to make your home safer during an earthquake.

 

What to do when an earthquake strikes

If you happen to be inside when an earthquake hits, you should find a heavy table or a desk and get under the object for protection. Stay away from the windows and do not leave the building until an emergency personnel individual directs you out of the home.

If you happen to be outside when an earthquake hits, stay far away from buildings and power lines. People can get hurt when they are too close to stone and masonry facings that break or fall apart when the earthquake strikes.

If you happen to be in a car when an earthquake strikes, come to a stop as soon as it is safe. Make sure that you stop away from large structures, trees, power lines or any other hazard. Stay inside the vehicle to protect yourself.

Keep in mind:

  • It is not wise to use a candle until you know that the gas lines have been checked. A thorough check throughout your home is necessary before you use your water, electricity, sewage connections, and even chimneys.
  • Try to stay off of the phone, unless you are reporting an emergency.
  • Prepare your home and make sure that you try to keep your family together, get to your emergency resources and stay alert for any aftershocks that may occur.

The earthquake insurance needs for homeowners can differ significantly between homeowners - talk to us today to find the policy that will give you the right amount of coverage for the best price.

Our offices are conveniently located at:

5151 E Broadway Blvd Ste 120
Tucson, Arizona 85711

520-901-7010

1269 Promenade Parkway, Ste 107
Casa Grande, Arizona 85194

520-426-1111