With the recent natural disasters in Haiti, Chile and Japan I know many Californians have been asking themselves if they are properly prepared for an earthquake of similar magnitude.  I think many people realize they are not adequately coverd but either aren't sure what they should do, don't know if they can afford to insure themselves against the risk or don't know if the cost of the insurance makes financial sense.  The website below has some great information to help people answer questions regarding whether or not earthquake insurance is right for you.




Posted by Ben Nicolas on
Email Send a link to post via Email Print

4 Responses to Earthquake Insurance: Do I have it? Should I get it?

Insurance is like social services - we all hate to pay for them, we pray we never need them, and we are happy as hell that we have it if we do!

Yes - read the policy carefully and make a good choice. And remember, insurance is supposed to mitigate a greater loss, not restore you to equal or greater splendor.

A disaster is still a disaster - insurance only makes it less devastating.

Posted by Bob @ Bay Area Real Estate on Friday, May 6th, 2011 at 5:32am

Hi Bob,

Good points. Earthquake insurance is a tough call, especially for homeowners who are severely underwater.

Thanks for participating in my blog.

Posted by Ben Nicolas on Friday, May 6th, 2011 at 6:02am

I like this bit from their site:

"Federal assistance may not be enough to repair your home. If the president declares a disaster, the Federal Emergency Management Agency may grant up to about $30,000 only for those who qualify."

Unfortunately, not everyone will qualify.

But Bob hit the nail on the head. Reading the policy carefully will help you come to the best decision.

I love the green theme on your site Ben. Easy on the eyes.

Posted by Carmina @ Real-Time Leasing on Tuesday, September 20th, 2011 at 10:06pm

I'm with Carmina on the green theme.

I think another thing people should do is not to get carried away. I've seen people take out different types of insurance when there is no risk at all. I don't know but maybe people are getting more and more paranoid day after day.

That's not saying that you should forget about getting an earthquake insurance or any act of god insurance. I'm just saying that you should determine if you really need it. If you live in an area where there is an active fault, then you should.

Posted by Jason Homes@MLS online MN on Friday, September 23rd, 2011 at 7:02pm

Leave A Comment

e.g. yourwebsitename.com
Please note that your email address is kept private upon posting.