Earthquake Insurance

In regions prone to seismic activity, the importance of earthquake insurance cannot be overstated. Understanding what earthquake insurance covers, its exclusions and the factors influencing its cost is crucial for homeowners looking to financially safeguard their investments against nature’s unpredictable forces.

What Is Earthquake Insurance?

Earthquake insurance can financially protect your home and belongings in the event of damage caused by an earthquake. Standard homeowners, renters or condo insurance policies typically do not cover earthquake damage, so this additional policy may be necessary if you live in an area prone to earthquakes.

Is Earthquake Insurance Required?

Earthquake insurance is generally not required by law in most places. However, if you have a mortgage, your lender might require it, especially if you live in an area with high seismic activity. Even if it’s not mandatory, it’s worth considering if you live in a region prone to earthquakes, as standard homeowners insurance typically doesn’t cover earthquake damage.

What Does Earthquake Insurance Cover?

Earthquake insurance typically includes the following coverage:

• Dwelling coverage can cover your house and attached structures, such as an attached garage.
• Other structures coverage can encompass unattached structures like sheds, carports and detached garages.
• Personal property coverage can include items inside your home, such as furniture, appliances and clothing.
• Additional living expenses coverage can help cover the cost incurred if you need to live elsewhere while your home is being repaired.

What Is Not Covered by Earthquake Insurance?

The following are typical earthquake insurance exclusions and limitations:

• Preexisting damage
• Fire damage
• Flood damage
• Vehicles
• Landscaping
• Masonry

Learn More

Contact MTN Insurance Services to discuss your insurance portfolio today.