What You Should Know: The Basics to Earthquake Insurance

What You Should Know: The Basics to Earthquake Insurance

Earthquakes strike without warning and this unknown variable can be devasting to every Californian. 

There are an average of 10,000 seismic quakes every single year, and that’s just in California. Fortunately for us, most of those earthquakes can only be detected by the most sensitive seismometers. The earthquakes that we can feel, however, can cause some real damage to our homes. Does homeowners insurance cover earthquake damage? What is covered by earthquake insurance? Why do earthquakes occur anyway? Here are just a few things every Californian should know about earthquakes and earthquake insurance.

Why do earthquakes happen?

The crust is composed of giant masses of earth called tectonic plates. Due to the heat inside the earth, these plates slide around and rub up against and collide with each other. When that happens, we feel the release of that energy as an earthquake.

Does homeowners insurance cover earthquake damage?

Your homeowners insurance will not cover any earthquake damage. Similar to flood insurance, earthquake insurance is a separate policy that covers for earthquake damage. Without it, you will be left to cover the damages from your own pocket.

What does earthquake insurance cover?

To find the best earthquake insurance policy for you, you must consider a few things first. Earthquake insurance is mainly there to help rebuild or repair your home after a strike. Depending on the policy, it may cover living expenses while your home is being rebuilt/repaired.
Damage done to your vehicle will not be covered, along with any damage done to your property directly outside your home, or anything that is covered by homeowners insurance.

If you want to be covered from earthquake damage, you require earthquake insurance. For policies across the globe, contact the independent insurance professionals at Lloyd S. Berkett Insurance Agency in Los Angeles.

11150 W. Olympic Blvd.
Suite 1100
Los Angeles, CA 90064

(310) 857-5757
(800) BERKETT | 237-5388
Fax: (310) 857-5750

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