How Does it Work?

Earthquake coverage will pay for specific damages such as the following:

– Your personal belongings damaged in the insured structure, such as furniture, clothes, and basic home items.

– Repairs to the damaged home structure and attached buildings such as a garage.

The following damages not covered on an earthquake policy:

– A flood of any kind. Separate flood insurance is available for any flood event.

– Damages to vehicles. Auto policies can cover the damage if you have adequate coverage.

– Fires caused by an earthquake can be covered on your homeowners policy.

If you need to file a claim after a flood, your payout will usually be in actual cost – that is, the fair market value of your losses minus any depreciation. You will likely need to fill out a form outlining your losses, and typically an adjuster will need to visit the home to examine the damages. Be sure to document any and all damage, and don’t throw out any ruined possessions until the adjuster has seen them.

Who is it For?

People who live in earthquake-prone states will need coverage for earthquake damage. Some states have no history of earthquakes; those individuals will not benefit from purchasing coverage for earthquakes. The U.S. Geological Survey will be able to track the tremors and earthquakes in your area.

Major Benefits

Having coverage for earthquake damage in areas that have a history of earthquakes is a wise choice. A policy for earthquake damage may be the only way to rebuild or purchase items destroyed.