How does my homeowners insurance policy handle earthquakes?

Earthquake insurance is well worth it especially if you live close to faults where earthquakes are common like California. Standard homeowners, condo owners or renters insurance policies don’t cover earthquake damage to property and personal belongings. Instead, you can add earthquake coverage to your current policy through what’s known as a rider (add-on) or a separate earthquake insurance policy. Earthquake insurance does not cover fire, land, vehicles, or flood damages. However, in some cases limited additional coverage may be purchased in order to restore or stabilize land; protect against fires and floods; and protect vehicles. We’ll help you select the right coverages, and also we’ll ensure that any solution that you purchase is fitting.

What does California earthquake insurance cover?

A typical earthquake insurance policy will cover three basic categories:

Like a homeowners policy, earthquake insurance will cover damage to the structure of your home, such as cracks in the ceiling, walls, and foundation.

Dwelling coverage

An earthquake policy will also cover certain contents of your home, like electronics and furniture. However, the coverage is typically much lower than other types of insurance as most policies will only cover a relatively low set dollar amount, and usually excludes things like china and chandeliers.

Personal Property coverage

If you can’t live in your home because an earthquake damaged it, your policy will help you to maintain your quality of life somewhere else by paying for hotels, food and other expenses.

Loss of use coverage

Earthquake insurance also typically covers the cost of upgrades to your home to comply with new building codes, changes to your land to make your home more stable and other repairs to protect your home from residual tremors. Earthquake insurance also typically covers the cost of upgrades to your home to comply with new building codes, changes to your land to make your home more stable and other repairs to protect your home from residual tremors.

Other coverage

Do you need Commercial Earthquake Insurance?

If you own a business including any commercial buildings in California, you need to consider purchasing earthquake insurance coverage. Most business insurance policies exclude earthquake damage and leave you responsible for damage that happens to your property in the event of an earthquake. Damage to structures and property, inventory losses, lost business income, and injuries are risks that you face as a business owner and that are caused by earthquakes. These and other risks can be costly to you in different ways if you’re unprotected, and for this reason, it’s important that you have protection. Additionally, your insurance may include (or offer as an optional rider) building code upgrade coverage, which means that if you need to rebuild your home at an increased cost due to the original structure not being compliant with current building codes, your insurance will help pay those extra expenses.

Commercial Earthquake Insurance Programs

Rates on Commercial Earthquake insurance have dropped in recent years making it more affordable and more deductible options have become available. Don’t expose yourself to the risk of not being covered for the peril of earthquake

SEE WHAT OUR SATISFIED CLIENTS ARE SAYING!

It’s been a great pleasure to work with them. The team does an excellent job. You get a response back right away. I Would definitely recommend their service.

One of the best insurance agencies in SoCal, we have ever worked with. And above all, we got a piece of mind that we are in a good, experienced hand.

I feel great about where I am and believe I will be with this company for a long time to come. I definitely will be referring you to everyone I know.

Earthquake Insurance Los Angeles