Earthquake Insurance
What is earthquake insurance?
Earthquake insurance is an insurance policy that allows you to recover financially from the losses due to an earthquake. Earthquake insurance is necessary if your home is damaged, if it needs repairs, and also for the property in your home - for recovery of losses due to damages to your property. It's very important, especially if you have a lot of equity in your home, that you have earthquake insurance because of this could be the greatest asset that you have. If the earthquake happens and you lose that property and have a lot of damage to your home, earthquake insurance will help you recover financially.
How do I purchase earthquake insurance?
Earthquake insurance is usually offered as part of your homeowner's insurance policy, or as a supplemental policy that you buy through your homeowner's insurance company. The price of that earthquake insurance is usually based upon the particular earthquake risk in your community, and how much coverage you want to have on your home.
How do I file a claim with my insurance carrier after an earthquake?
Each insurance company is going to have its own process for how to file a claim. It's important that you know that process before an earthquake so that you're ready to file that claim as quickly as possible. Know what documents you need and what supplemental information that the insurance company is going to want. For example, you may need to take photos right after the earthquake before you start cleaning things up, so you can really show the extent of damage that you had during the earthquake.
