If you live in California, you might be surprised to learn that earthquake insurance is not included in a standard home insurance policy. So how do you purchase coverage? Here you’ll take a look at where to buy earthquake insurance and what an LA insurance policy covers.
Buying Earthquake Insurance
The best place to start looking for this type of insurance is with the company that supplies your homeowners or renters insurance. In California, insurance agencies are required to offer earthquake policies. They should also be able to tell you whether it’s a stand-alone policy or an add-on to your current setup. If you’re just starting out and don’t have an agency yet or feel like a switch, your state’s Department of Insurance website should be able to point you in the direction of licensed earthquake insurers of all sizes.
What Earthquake LA Insurance Covers
When the unthinkable happens and your home or belongings are destroyed by an earthquake, here’s what you need to know. Your personal belongings and home repairs are covered. You’re also covered for up to a certain amount of additional living expenses such as staying in a hotel room if your home is unlivable. You are not covered for fire, flood, sinkholes, masonry or damage to your vehicle. However, most of these issues can be covered by separate policies.
If you live in LA, it’s important to have earthquake coverage. These helpful tips should get you started and keep you in the know.