California is no longer the only state making the news for earthquakes. While many Californians can use a California earthquake insurance calculator to determine their rates, many other state homeowners should seriously consider purchasing the insurance. The number of states experiencing earthquakes in the news is closer to 23 but all states can experience one.
Most homeowner’s insurance policies do not cover earthquakes. That means, if an earthquake damages your home, the cost to repair or replace the dwelling comes out of your pocket. You may be able to simply add an earthquake coverage endorsement to your homeowner’s insurance policy. Or you should look into the cost of earthquake coverage.
Earthquake Insurance Coverage
Earthquakes shake the building potentially damaging the foundation, collapsing walls and breaking items inside the home. Earthquake insurance covers the cost to repair or replace those items damaged by an earthquake.
Government assistant programs provide immediate relief for life-saving essentials such as food, water and clothing. Temporary shelters are about as much as they help towards rebuilding your home. Obtaining a FEMA low-interest loan can help you rebuild, but you still have to repay it.
Save yourself money, time and energy by looking into earthquake insurance. Use a California earthquake insurance calculator to find the cost of a premium in your area.