If you own a home in California, having Earthquake insurance is critical. Since your Homeowners policy does not cover earthquakes, adding an earthquake insurance policy to your insurance portfolio will help ensure and protect your home and belongings in the event of an earthquake.
Most homeowners in California are within less than 50 miles of an active fault line which are capable of producing a major and catastrophic event. Since there are 2,000 active faults that pass through each other in California, according to the California Multihazard Mitigation Plan:
- A magnitude 5.5 strikes California 3 to 4 times a year
- A magnitude 6-6.9 strikes California every 2 to 3 years
- Major earthquakes (7.0 and up) strike California once every 10 years
What is covered?
Earthquake Insurance pays for reasonable costs that you sustain from the loss of your residence in the event of earthquake damage. There are flexible coverage options to insure your home (referred to as a dwelling in policies), personal property, and additional living expenses (ALE).
Contact or call us today to see what option we have available for you.