Insurers will deduct between 10% and 20% of … You would need optional earthquake insurance coverage to help with major expenses like: Making structural repairs; Rebuilding your house; Paying for temporary housing These can be costly, but not nearly as costly as repairing your home. Earthquake insurance covers damages to your home or personal possessions that result from the violent shaking and cracking that often accompanies a temblor.
Earthquake damage, however, is typically excluded from homeowners insurance policies. For example, earthquake insurance covers water damage if an earthquake causes your plumbing to burst and water damages your personal belongings. Most insurance companies require a policy endorsement or rider to pay for earthquake damage. However, earthquake insurance does not cover some losses. Your homeowners insurance does not cover earthquake damage (except fire—see page 7). Don and Judy Stenberg have earthquake insurance for their home, and when the area was annexed as a part of Bellevue, their premiums went up almost 75 percent. Compared to home insurance, earthquake policies contain a steep deductible, which is the amount subtracted from your claim payment. It also covers a fair amount of extenuating circumstances.
It provides coverage if your home is destroyed by an earthquake.

Earthquake insurance is an added endorsement to your existing homeowner or renter’s policy, or a separate earthquake policy you buy.

It's a separate endorsement you must buy and add to your homeowner or renter policy. Earthquake Insurance. Many people assume a homeowners insurance policy will cover damage caused by earthquakes, but that isn’t usually true. If you have a mortgage, you must have homeowners insurance.

But you do not have to buy earthquake insurance. Your homeowners insurance typically protects your dwelling and other structures and contents from damages due to fire, smoke, lightning, hail, theft and other exposures as described in your policy. What Does Earthquake Insurance Cover?

Earthquake insurance covers some of the losses and damage that earthquakes can cause to your home, belongings, and other buildings on your property. GET A HOME … As we discussed earlier, earthquake insurance covers your home from seismic damage, which means both earthquake and volcanic-related losses.