Who is at risk of experiencing an earthquake? What many people don’t know is that most of the country can experience earthquakes from time to time. If you own property, you may want to be sure your home insurance policy also includes earthquake insurance. But for some people, the risks of an earthquake are much higher. It is essential to understand what those risks are, what you can do about them and how to protect against the financial losses associated with these types of natural events.
What is Your Risk Level?
While California is known for its earthquake risks, there are plenty of other areas throughout the country at a high level of risk as well. Oregon and Washington are just as likely to suffer a catastrophic earthquake as California. If you live in these areas, you should consider comprehensive earthquake insurance to protect against your risks. Other states with high risk include the following:
In addition, states with moderate levels of risk include:
- New Mexico
Most other states fall into a low to moderate level of risk. In these areas, you should still consider earthquake insurance because it is possible that such an event can occur. In lower risk states, the costs of such policies are likely to be lower as well. That’s important for most people to take into consideration.
Finding a Policy That’s Right for You
Work with your agent to get a plan in place that addresses your specific needs. It’s often a good idea to invest in this type of policy because of the amount of damage such an event can cause. In many cases, it can create structural damage that can cost as much as rebuilding your home would cost. In addition, you may not be able to live in your home for a period of time while repairs are taking place. Your plan may also help cover those costs. If you live in a high risk area, don’t overlook the importance of having such a policy in place to provide you with financial protection.
Protect your home and family. Call Mitchell & Mitchell Insurance Agency, Inc. at (888) 512-8878 for more information on Los Angeles earthquake insurance.