Earthquake Insurance

Earthquakes can devastate entire cities and cause catastrophic losses for homeowners and their families. Even a single, isolated seismic event could destroy a person’s home and jeopardize their quality of life for the near and foreseeable future. Fortunately, securing appropriate earthquake insurance can help homeowners recover from these natural disasters and rebuild their lives.

What Is Earthquake Insurance?

Earthquake insurance is a specialized type of property insurance intended to financially protect policyholders from losses and damages caused by these seismic events. This type of coverage can be critical, as standard homeowners insurance policies typically exclude earthquakes as a named peril, meaning alternative arrangements are needed.

Once acquired, an earthquake insurance policy typically provides coverage for the following:

• Primary residence—If an earthquake damages a home, such as its foundations or walls, this coverage can help pay for repairs.
• Other structures—Earthquake insurance typically covers additional buildings on a policyholder’s property, including detached garages and sheds.
• Personal property—An earthquake insurance policy can financially protect a person’s belongings, including furniture and electronics.
• Additional living expenses—Should an earthquake make a policyholder seek alternative living arrangements, they may receive financial aid for hotel accommodations, restaurant meals, storage unit fees and other resulting costs.

How Much Is Earthquake Insurance?

A person’s earthquake insurance cost may be determined by many factors and the unique details of their home. Specifically, many earthquake insurance companies may consider the following criteria:

• Location
• Home details (e.g., age, building materials used and number of floors)
• Estimated rebuild cost
• Deductible
• Coverage limits

Is Earthquake Insurance Important?

Earthquake insurance may be among the most essential investments homeowners ever make. Given the potential devastation that even a brief or isolated earthquake can have on your home and property, lacking appropriate coverage could leave you vulnerable to significant out-of-pocket losses. Furthermore, you may even lack the resources to rebuild or repair your home. People living in areas at high risk of seismic activity, such as California and the Pacific Coast, should be diligent about securing adequate insurance.

Get the Right Coverage

At MTN Insurance Services, we are committed to helping families, individuals and businesses in the Crestline area assess and address their coverage needs. Contact us today to learn more about your options or to get a personalized earthquake insurance quote.