You would never consider operating a business without securing commercial insurance in San Diego.  You would never think about buying a condominium without taking out condo insurance in California.  However, if you are like many people, you may not have the necessary coverage to protect you in the event of a very typical disaster:  an earthquake.

Many people do not realize that it is necessary to take out a special policy to cover you during an earthquake.  Others believe that earthquake insurance in California is an unnecessary expense, since most tremblors are very minor.  Still others think that their home or business is built well enough to withstand an earthquake.

Do I Really Need Earthquake Insurance?

 If you live in California, you are familiar with earthquakes.  Every month, it seems, there are slight tremors that result from the earth’s plates sliding against each other.  However, only 17 percent of California homeowners have coverage specifically for earthquakes, according to a recent report.  Why do so many people neglect to purchase this coverage for an obvious need?

The answer lies in how people in California view both earthquakes and Insurance coverage.  With nearly daily tremors, people in the area become immune to the fright that someone in another part of the country might feel when the earth begins to shake.  Ironically, the daily tremors, which could easily morph into a full-blown earthquake, make it less likely that Californians will take earthquakes seriously.

Further, many Californians believe that their insurance will cover them if they are involved in a quake.  This is almost never true; however, most home and business owners have not taken the time to really examine their policies and learn that most home and business coverage excludes earthquake damage.

Finally, the relatively high cost of coverage in the past has turned some people away from securing Earthquake Insurance. Now, however, new policies are being created that could make earthquake insurance coverage affordable for most people.

If you have questions about earthquake coverage, one of the best ways to find answers is to talk to an independent insurance agent like those at EIS Insurance in San Diego.  An independent agent, who is not tied to any particular company, can help you examine dozens of options for your coverage and give you the help you need to choose the right policy for you.

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