Imagine everything you own from your house to your possessions to your car being taken away in one earth shaking moment. If you think your homeowner's insurance covers earthquake loss and damage, think again. While homeowners insurance covers some nature-related perils, it does not cover major loss or damage from earthquakes and floods. Each requires separate insurance policies. It’s true that in some high-risk earthquake areas, the state can provide some special assistance. So can the federal government. But the extent of that assistance is limited and not designed to cover a total loss. Here are some factors that are taken into consideration when writing earthquake insurance policies:
- Building materials used to build the house
- Year the house was built
- Fault line proximity
- Home equity
Earthquake insurance is an important policy to consider, especially in areas that experience frequent earthquakes. To find out more about policy options in Northern California, contact NorCal Quote today at 707-923-2179 for our Garberville office or 707-459-3276 for our Willits office or fill out online contact form – to get the details! We look forward to hearing from you!