Thurston County Ranks Highest in Washington With Earthquake Insurance
Just over 18 percent of insured homeowners in
Overall, 11.3 percent of homeowners in
Kreidler's office surveyed 240 companies that sell residential and commercial earthquake insurance in the state in
The survey did not ask for premium costs or demographics of the insured. Instead, it focused on property value and location of insured properties. Earthquake coverage can vary significantly depending on the type of policy a home or business owner selects.
Other findings:
Insured homeowners in
The counties of
Deductibles for residential earthquake coverage match the industry standard of 10 percent to 15 percent.
Insurers reported the average insured residential property was covered for
Just over 43 percent of commercial properties in
The average commercial property was insured for about
The counties of
"While the survey confirms our assumptions about earthquake coverage in
Kreidler is sponsoring legislation to bring together public and private organizations to recommend actions to mitigate risk and losses from all types of natural disasters. If approved, the working group would report its recommendations to the Legislature in
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