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"Standard homeowners, renters or business insurance policies do not cover damage from an earthquake," said
Earthquake insurance provides protection from the shaking and cracking that can destroy buildings and personal possessions. It may cover increased costs to meet current building codes and costs to stabilize the land under your home. Earthquake insurance covers debris removal and pays for extra living expenses you may have while your home is being rebuilt or repaired.
Earthquake insurance policies often carry a percentage deductible a rather than a dollar amount. Deductibles can range anywhere from 2 percent to 20 percent of the replacement value of the structure, depending on factors such as where you live and the type of home you have. For example, if it costs
Coverage for other kinds of damage that may result from earthquakes, such as fire and water damage due to burst gas and water pipes, is generally covered by standard homeowners and business insurance policies.
Cars and other vehicles are covered for earthquake damage under the optional comprehensive portion of an auto insurance policy.
"If you have any questions about coverage for earthquakes or other disasters, contact your insurance professional," noted Salvatore. "You want to understand what you are and are not covered for as well as how much coverage you have before you have a loss. That way, you can update your insurance policy and take steps to make your home or business more disaster-resistant."
For more information about the 20th anniversary of
- Articles: Preparing for an Earthquake; In Case of an Earthquake; Recovering from an Earthquake; U.S. Earthquake History
- Video: Protecting Your Home from an Earthquake
- Facts and Statistics: Earthquakes
- Issues Update: Earthquakes: Risk and Insurance Issues
- White Paper:
California Earthquake Authority
The I.I.I.'s free mobile apps can help you create a disaster plan, learn about selecting the right insurance for your needs and budget, and create and maintain a home inventory. Learn more about our suite of apps here.