Earthquake Insurance What You Need to Know

Earthquake insurance might seem excessive, especially if you live in an area that doesn’t often get earthquakes, but regular insurance won’t cover a lot of the damage caused by an earthquake, so it’s important to look into your options and find a viable earthquake insurance policy to fit your needs. Here are a few things you’ll want to keep in mind as you decide.

Earthquakes Are Not Covered

Not only are earthquakes not covered under traditional homeowners’ insurance, but they’re not covered under standard business insurance either. That means you can be on the hook for a lot of repair costs and fees if an earthquake does occur and that you won’t be able to get your business working as usual without going through a lot of channels and repairs first.

Fire and Water Damage Are Covered

Your homeowners or business insurance won’t cover earthquake damage, but it will cover any fire or water damage that resulted from the earthquake. While this can be extremely helpful, earthquakes can do serious structural damage to your home or business, so it’s always important to get safety inspections and repairs before you return home, which can become very complicated and costly. You will want to check into your flood insurance options, also, as they are often factored separately.

Comprehensive Coverage Protects Your Vehicles

It might feel like comprehensive auto insurance simply isn’t worth the cost, but it’s far better to be prepared than to have to figure out what to do later down the line. Comprehensive auto coverage will not only help protect your vehicle from earthquake damage, but it also covers other natural disasters like hurricanes and floods, as well as theft.

A Lot of Factors Determine Your Insurance Costs

When you’re checking out your earthquake insurance options, you’ll probably see rates that don’t match up with what you’ve been offered. There are many factors that go into your rate and your deductible, like how old the building is and what the structure is made of. Of course, location plays a huge role in the cost of your earthquake coverage, so don’t be surprised if the number comes in higher than expected.

Earthquake insurance is an inexpensive way to protect your home and belongings, rebuild quickly after damage, and get peace of mind. Find the right earthquake insurance professional to fit your family’s needs right here at Ripplequest.com today.