There has been a lot of natural disasters that have been happening around the world recently. Earthquakes, typhoons, volcanic eruptions, and among others happen on times that we do not expect, so we better be ready before everything else is too late.
Many people assume a homeowner's insurance policy will cover damage caused by natural disasters like earthquakes, but that isn’t usually true.
What Does Earthquake Insurance Cover?
You would need optional earthquake insurance coverage to help with major expenses like:
· Making structural repairs
· Rebuilding your house
· Paying for temporary housing
· Replacing personal property
How Much Does Earthquake Insurance Cost?
The cost of earthquake insurance coverage varies significantly — it all depends on your area’s level of risk. Earthquake insurance premiums can be relatively inexpensive if you live where earthquakes are rare, and relatively expensive where they happen more frequently.
CIII Insurance Services offers earthquake insurance for homeowners and renters. We can help you review your current coverage to help you determine whether your home or apartment is protected the way you want and tell you how much it would cost to add earthquake coverage to your policy.
California Earthquake Authority (CEA)
In California, where earthquake insurance is issued by the California Earthquake Authority (CEA), you can purchase this coverage through an insurance broker like CIII Insurance Services. If you live in other states, there is not a problem, as we can discuss earthquake insurance options for you so you can select the coverage that you want.
We here at CIII Insurance Services provide a broad range of Automobile, Commercial, Employee Benefits, Earthquake, and Management Liability products. We have aligned ourselves with some of the finest carriers to deliver these products to you.