An earthquake is a very unpredictable natural occurrence. Earthquakes can strike anywhere, at any time. Even if you don’t live near an active fault line, that doesn’t make it immune from an earthquake.

The Insurance Information Institute says the U.S. experiences about 22,000 earthquakes yearly. Some may be minor shocks. Others may be powerful quakes that usher in horrific damages and injuries.

Anticipating Damages from Earthquakes

There is no way to know beforehand exactly how powerful an earthquake will be. Experts can’t reliably predict the strength of any quake, and there are few ways to totally avoid damages. 

Small quakes can cost localities millions of dollars for damages. Large quakes can send damages into the billions of dollars. Homeowners in high-risk areas may face ruinous costs should damages affect their homes.

Some locations are more prone to quakes. Those are particularly areas that lie near plates and fault lines in the Earth’s crust. Earthquakes may cause homes to collapse, pipes to break, and home foundations to shift. Structural engineering in this area takes into account these risks. Residents often follow local laws to help reduce their risks of damages.

Still, no one can make the average home completely earthquake proof. Most homeowners want to know how their insurance will protect them from earthquakes.

Homeowners Insurance and Earthquakes

Policyholders may not know that home insurance usually doesn’t cover earthquakes. Most standard home insurance policies don’t offer earthquake coverage for different reasons. 

Generally, standard policies don’t come with earthquake coverage because including this coverage on every standard policy would likely increase policy costs. Customers who have a very low risk for earthquakes might have to pay more for coverage that they don't need.

How to Get Earthquake Coverage

If you live in an area where there is very low risk for earthquakes, then you are often still able to buy coverage. However, it will likely raise your premiums. Nonetheless, insurance companies may not offer this coverage at all in some areas.

Localities with high quake risks likely have special insurance laws in place. California has a high earthquake risk. Many state laws govern how standard home insurance must address quake risks. 

Even with the high risk, standard California home insurance doesn’t cover earthquakes. Policyholders must buy earthquake insurance separately. California law requires insurance agents to offer residents the opportunity to buy coverage.

If you live with a high earthquake risk, always consider buying earthquake insurance. If you face very little risk for earthquakes, you may be able to forego this coverage. When making this decision, the best option is to talk to your insurance agent.

Gary Warner Insurance Agency, Inc. can help you get earthquake insurance if you need it. Get started today by getting a free online quote. If you have questions about Calabasas earthquake insurance, give us a call at (818) 706-8625.
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