Earthquake Insurance
Earthquake Insurance
California is located on the 'Pacific Ring of Fire', a highly active fault zone where earthquakes happen on daily basis. The 6.9 magnitude Loma Prieta earthquake in the San Francisco Bay Area in 1989 cost billions to repair bridges, buildings, and residences. The same happened in 1994 during the Northridge Earthquake in Los Angeles county. It's hard to believe, but only 10% of Californians actually have earthquake insurance. There is mounting belief that there could be a big earthquake again in the near future.
Earthquake insurance in California is not cheap, but it does allow you to have a tremendous peace of mind that your property and belongings will be covered due to a loss from earth movement. Regular homeowners insurance, renters insurance and condo insurance policies do not cover the direct loss of your property from an earthquake. Regular home insurance policies do cover fire that could result from an earthquake. Loosing your home without having earthquake insurance coverage will be financially devastating.
Deductibles vary from 10-20% and premiums are regulated by the California Earthquake Authority. We are able to add this coverage with the various insurance companies that we represent in California. This way premiums can be financed with your homeowners insurance policy.
Please give us a call us right now at 415-440-5136 or fill out a contact form to get a quote today.
