Earthquakes can be costly to your home. Protecting your home and personal belongings against earthquakes requires a separate earthquake insurance policy.

What Exactly Is Earthquake Insurance?
Earthquake insurance protects your home in the event of the unforeseen. This type of insurance differs from standard renter’s or homeowner’s insurance coverage. If you don’t have earthquake insurance when an earthquake damages your home, you’ll most likely pay out of pocket for any repairs.

What Are The Things Earthquake Insurance Covers?
Your policy will determine what your earthquake insurance covers. In general, an earthquake insurance policy consists of the following coverage:

  • Dwelling coverage helps repair or rebuild your house.
  • Personal property coverage helps pay to replace or repair damaged items.
  • Loss-of-use coverage pays for additional living expenses if you need to live in a hotel while your home is being repaired.

Is Earthquake Insurance Coverage Affordable?
Earthquake insurance coverage can be costly. However, the more you need it, the more it will cost you. How much your earthquake insurance policy will cost depends on your purchase policy, your deductible, and other factors relating to the home, such as location, age, and structure.

Is Earthquake Insurance Coverage Worth It?
Consider the following factors when deciding whether buying earthquake insurance is worth it for you:

  • Your home’s value
  • Frequency of earthquakes
  • The annual rainfall in your area
  • When was the last earthquake?
  • Whether your house was constructed with earthquake-preparedness in mind
  • The land you build your home on, including the slope and the soil type.