Why are earthquakes not covered by insurance?
Why are earthquakes not covered by insurance?
If an earthquake causes damage to your vehicle, a comprehensive car insurance policy would pay for repairs. The bottom line: no, earthquake insurance doesn’t cover all damage caused by an earthquake. In many cases, other types of insurance would kick in to cover repairs or replacement of damaged property. Jan 6, 2022
Does hazard insurance cover earthquake?
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. Earthquake damage, however, is typically excluded from homeowners insurance policies.
Who pays for earthquake damage?
Without earthquake insurance coverage in California, you will be responsible for 100 percent of the cost to repair your home, and replace your belongings after a damaging earthquake strikes. Given the potential cost to repair shake damage, the cost of a CEA policy may be an easy expense to justify.
