How Do You Get Earthquake Insurance Living On A Fault Line?
When you love your home and cherish everything in it, you want to protect it. However, if your home is located on an earthquake fault line, this greatly narrows down your options when it comes to getting a homeowner’s insurance policy against earthquakes. However, it is still possible to get earthquake insurance for such a high-risk area. Determine the amount of coverage you need. This is the rebuilding and replacement cost of your home and property, not the market value of the home. Ask around. Talk to other homeowners who live in the same area and find out where they have obtained their earthquake insurance, if they have any. Don’t be surprised if not many people have this coverage. In California, for example, only 12 percent of the population has this type of insurance. Call your current insurance company and inquire whether they offer earthquake insurance. This coverage is not always advertised by insurers, so you may have to ask for it. Get a quote for the rates. Shop around. Call
