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30 January 2015 0 Comments Category: Article Archives

Are You Prepared For The Next Quake?

earthquake measures and magnifier

Earthquake Insurance Basics

Living in California means that you get to enjoy beautiful weather all year long. However, it also comes with the danger of experiencing an earthquake. Knowing how to protect yourself and your home in case of an earthquake can ensure that you are not left financially devastated after a quake.

While your homeowner’s insurance policy will provide protection from many unfortunate situations, it will not provide any coverage in an earthquake. The only way to ensure that you and your home are covered in case of an earthquake is to invest in a specific earthquake insurance policy. Renter’s insurance will also not provide coverage in case of an earthquake, which is why you need to protect all of your assets with an earthquake insurance policy even if you are renting a home.

There are many reasons that homeowners and renters do not invest in earthquake insurance, including:

  • Their home survived the last quake. Even if your home was not damaged during the last earthquake, it does not meant that it will survive the next one. Each earthquake is different and can cause damage in different ways.
  • They are planning on getting government help. While FEMA will provide low interest loans to homeowners that had their homes damaged in an earthquake, that money has to be paid back. With an earthquake insurance policy, none of the money that is used to repair your home has to be paid back.
  • Their home is bolted to the foundation. Bolting your home to the foundation is a great way to protect your home, but it may not be completely successful. Many homes that are bolted to the foundation are still damaged during an earthquake.

For all of your homeowners and earthquake insurance coverage needs and to ensure that your California home is protected from any disaster, contact Massive Insurance in Pasadena, California.

 

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