Do You Own A Building In California?... You Need Earthquake Insurance
Natural disasters are part of the price we all pay for living on the west coast. We all take advantage of good weather, lakes, mountains and the natural beauty found on the west coast. However, fires, mudslides, floods, and earthquakes are just a few of the natural disasters common to western states. Earthquakes are especially a concern in many of the western states, and they are almost impossible to predict with 100% accuracy.
They were over 200 earthquakes in the last 30 days on the west costs. The recent Nepal 7.3 earthquake caused billions in damage and killed over $8,000 people.
Earthquake Insurance - Typically, earthquake insurance covers damage to your business and your personal property. Most policies also cover costs incurred to minimize further damage after the earthquake, plus costs for additional expenses. Deductibles are generally 10-15% of the insured amount.
Your risks depend on how close you live to fault lines, how well your building was built to withstand losses, and the type of ground your home is built on.