Insurance Insights: Along Fault Lines
Not only is earthquake damage not covered by the standard homeowner’s policy, but neither the federal government nor a homeowner’s insurer can compel a homeowner to purchase earthquake coverage. So does that mean that homeowners outside California (where earthquake insurance can be purchased from the privately funded, publicly managed California Earthquake Authority) and other earthquake-prone states may take a flyer on an endorsement to their homeowner’s policies or separate earthquake coverage? Well, the fact of the matter is that the U.S. Geological Survey’s Earthquake Information Center reports that every state in the United States has reported an earthquake of one kind or another. While som eareas are certainly more prone to earthquakes than others, every homeowner should consider the risk.
It can be difficult to anticipate the costs of damages that result form natural disasters, but our professionals are experienced in evaluating a home’s value and tailoring policies to meet each individual’s needs. We know your home is one of your biggest treasures and protecting it is one of your biggest concerns. Make sure you are covered no matter what perils your home and family may face with comprehensive home insurance and unmatched customer service from the John M. Glover Agency.
Quick Tip: Damages resulting from a fire caused by an earthquake would fall under a policyholder’s homeowners insurance, not his or her earthquake insurance.