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Understanding the Need for Earthquake Insurance Earthquakes can cause severe damage to homes, businesses and personal property. While the immediate danger of an earthquake is certainly frightening, the potential financial impact can be just as devastating. Many people mistakenly believe that their standard homeowners or renters insurance policy will cover them in case of an …
Understanding Earthquake Insurance: An Overview Understanding earthquake insurance requires a close look at what is, and what is not, covered in the event of an earthquake. Traditional homeowners insurance and renters insurance policies generally do not cover earthquake damage, necessitating the purchase of separate insurance to cover the resultant destruction caused by an earthquake. The …
Understanding the Basics of Earthquake Insurance Earthquake insurance is a specific type of coverage that homeowners can purchase to protect their property from the devastation caused by earthquakes. Unlike standard homeowners insurance, which typically does not cover earthquake damage, this specialized policy provides financial protection against such disasters. The terms and conditions vary among insurers, …
