Standard homeowners insurance policies generally don't cover earthquake or flood damage. That's why individuals purchase separate earthquake or flood insurance if they live in areas prone to such disasters. Earthquake insurance covers:
Damage to the home or any structures on the property caused by an earthquake
Earthquake-related damage to personal property
Additional living expenses if earthquake damage makes your home temporarily uninhabitable
Earthquake insurance is essential if you live in a high-risk area. While standard homeowners insurance does not include earthquake coverage, it must be purchased separately. States near fault lines, such as California, Alaska, and Oklahoma, are more susceptible to earthquakes. If you live near a fault line or in a high-risk area, it is wise to consider earthquake insurance.
We often don't anticipate the unthinkable until it happens. Insurance aims to prepare for unexpected events and reduce the financial impact of losses. There is no exception with earthquake insurance. Your homeowners' insurance coverage may be enhanced by an earthquake endorsement, which will shield you against catastrophic or modest losses brought on by an earthquake. For peace of mind, having earthquake insurance is crucial if you reside in a high- or moderate-risk area or close to an active fault line.
For more information about earthquake insurance and how it can safeguard your house and finances, get in touch with Sargent Insurance Agency at 7107 West 12th St. Suite 103 Little Rock, AR 72204.
