Earthquake Insurance

If a sizeable earthquake hits your area, could you imagine having tens of thousands of dollars in damages to your home with no one paying you a penny to make the repairs? Although many believe that their homeowner or condo policy will cover earthquake damage, this is not the case. Earthquake Insurance is something that everyone must look into and is a completely independent insurance policy. In fact, the state of California has made it mandatory that insurance companies offer Earthquake Insurance in conjunction with any homeowner policy. Our offices represent California Earthquake Authority as well as other top rated independent insurance companies that specialize in Earthquake Insurance for homes, condos, mobile homes and even renters. Our location in Los Angeles provides us with the knowledge, expertise and experience to advise you on insuring your home against the risk of earthquake. The Northridge Earthquake caused thousands of families to lose their homes without anywhere to go. Everyone always talks about the “big one” that will eventually hit California. Don’t make the mistake of being uninsured.

Earthquake Facts

• The 6.7 magnitude earthquake in Northridge killed 57 people and caused $20 billion in damages

• About 5,000 Earthquakes strike in the United States each year

• Since 1900, earthquake have occurred in 39 states and caused damage 50

• While the United States experiences only 2% of the world’s earthquakes, some 90% of its population lives in seismically active areas

• Each year the southern Californian area has about 10,000 Earthquakes

• According to the U.S. Geological Survey, there is a 70% probability that one or more damaging earthquakes of magnitude 6.7 or larger with strike the San Francisco Bay area in the next 30 years

Other Information

• Earthquake Insurance is typically offered with your homeowner insurance provider at policy renewal but can also be written with independent companies specializing in Earthquake. Some carriers offer limited Earthquake coverage as an endorsement rather than offering it as a separate policy.

• Earthquake Rates are based on a number of factors including rating territory (zip code), insured value of the home, construction type, year of construction, number of stories, additional coverage levels and deductible. Furthermore, if your dwelling is retrofitted you may be entitled to an additional discount.

• Coverage options typically include the dwelling, coverage on other structures, personal property coverage, and loss of use coverage. Furthermore, coverage can be bought for commercial properties as well.

• Please visit our insurance glossary tab for a full list of insurance terms and definitions.

• There are many discounts available to help reduce your premium. Please visit our learning insurance discounts page to find out more information on how to maximize your savings.

This page contains only a general description of coverages and is not a contract. Details of coverage or limits may vary in some states and by carrier. All coverages are subject to the terms, provisions, exclusions, and conditions in the policy itself and in any endorsements.