As one of the U.S.’s most populous states, California’s property values are enormous. That’s why most people buy homeowners insurance to protect them against any unexpected property losses. However, one hazard that a standard home insurance plan won’t cover is earthquake damage. 

Still, California has countless active fault lines that run the length of the state, and quakes are relatively common in many areas. Therefore, you never know when one might cause significant property damage that could be costly to repair. By buying the extended protection of a quality earthquake insurance, you’ll receive the necessary coverage to protect you if these losses occur. 

Getting the right earthquake insurance doesn’t have to be hard. With the guidance of one of the expert agents at Brick Insurance, you’ll be able to quickly and easily find an affordable policy that always protects the most important aspects of your property. 

To get your policy search started, call us at (925) 687-6262 or request your quote now by clicking here. 

Common Earthquake Insurance Questions 

Do I need earthquake insurance in California? 

From 2010 to 2015, California recorded more than 1,500 major earthquakes, according to the U.S. Geological Survey. Based on FEMA statistics, quakes in California alone cause approximately $3.7 billion of the U.S.’s $6.1 billion in estimated annualized earthquake losses. 

It doesn’t matter how big or small the seismic event, your home or valuables could sustain damage and put you in an insecure financial position. Because homeowners insurance doesn’t typically cover quake-related damage, then you might find yourself in a bind if you don’t have earthquake insurance. 

Most California earthquake insurance policies are underwritten by the California Earthquake Authority. This is a non-profit organization that helps major insurers offer this benefit to customers. Therefore, you’ll be able to grow your standard homeowners policy by adding your earthquake insurance to your insurance portfolio alongside it.  

What does earthquake insurance cover? 

Like standard home insurance, earthquake coverage can help you rebuild your property and recover lost belongings following an unexpected seismic event. You’ll have a financial lifeline to help you stabilize yourself against losses caused by these unpredictable events. 

All earthquake insurance varies, but most of the time a policy can offer you: 

·        Dwelling & Masonry Insurance 

·        Personal Property Insurance 

·        Loss of Use Coverage 

·        Glass & Breakables Coverage 

·        Emergency Repairs Protection 

·        Code Upgrade Coverage 

Policies will include coverage limits and deductible options that you can better tailor to your benefit with your agent’s help. You can buy policies for most types of homes, including condos, mobile homes or rental homes, and these policies will include coverage tailored to those specific properties. 

One thing to remember is that your earthquake policy won’t cover household damage that your standard home insurance policy will. For example, damage arising from a fire that starts after a quake will have coverage from your standard policy. Therefore, both policies can still work together to help your recover losses depending on the circumstances.  

How Does Earthquake Insurance Work?

To receive coverage, policyholders pay a premium to an insurance company. In exchange, the insurance company agrees to pay for losses caused by an earthquake in accordance with the policy. This can help reduce your out-of-pocket expenses. To file a claim, work with your insurance agent. They can assist you through the process.

How much does earthquake insurance cost in California? 

Multiple factors can influence the cost of your earthquake insurance. Depending on the quake risk in your area, then your premiums might be higher or lower. However, your agent is happy to work with you to determine which policy option is within your financial reach.