Protecting Against Earthquake Damage with Insurance in California

01 Mar Protecting Against Earthquake Damage with Insurance in California

A recent study conducted by the United States Geological Survey (USGS) has found there is a 99 percent chance of the Golden State suffering a major earthquake (described as magnitude 6.7 or larger) within the next thirty years. The report also found there was a 46 percent chance of a 7.5 magnitude quake occurring and said this was more likely to occur in the south of the state. Damage from earthquakes then is a major consideration when considering how to obtain insurance in California to protect your home or business from earthquake damage.

Coverage for earthquake damage is not usually included in homeowner and business policies. Under Californian law residents should be offered earthquake policies when purchasing homeowners insurance, but it is sold as separate coverage.  Many insurers elect to become “participating insurance companies” with the California Earthquake Authority (CEA) – which allows them to sell earthquake insurance policies to customers in the State.

Should you require further information on insurance in California to protect your home or business against damage or loss, please don’t hesitate to contact one of our representatives. They will be happy to discuss with you all aspects of coverage and help you obtain the right type of insurance to suit your needs.

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