Insurance Information Institute California Earthquake

Specific claims vary but consider the 2018 anchorage earthquake in alaska according to the insurance information institute this 7 0 magnitude quake.

Insurance information institute california earthquake. The northeast at 9 percent. Earthquake coverage is available mostly from private insurance companies. Disasters preparedness what to do when a hurricane threatens.

Most home insurance policies do not cover earthquake damage. Despite this the western insurance information institute estimates only 25 28 of homeowners in earthquake prone areas have earthquake insurance. Given the potential cost to repair shake damage the cost of a cea policy may be an easy expense to justify.

An earthquake can wreak havoc on your home. Earthquake insurance what are the two most important things to know about earthquake insurance. And the south at 7 percent.

We serve consumers media and professionals seeking insurance information. High cost and limited coverage is the primary deterrent to. Homeowners in the west were most likely to have earthquake insurance with 17 percent saying they had the coverage followed by the midwest at 11 percent.

There are several key reasons that many people fail to obtain earthquake insurance to protect themselves and their property. Who might need it. If you have a mortgage on your property and you suffer a total loss you are still liable to pay your monthly mortgage payment.

Eleven percent of homeowners responding to a november 2018 poll by the insurance information institute said they had earthquake insurance. According to the insurance information institute people in 42 states are at risk of earthquake damage to their homes and personal property. In california homeowners can also get coverage from the california earthquake.