Earthquake insurance is a specific type of property coverage that protects your home and belongings from damage caused by seismic events. Since earthquakes are not covered by standard homeowners policies, this separate insurance is essential for residents in seismically active areas to cover potentially catastrophic structural repairs, which often come with a high deductible.
- What It Is: A policy that covers damage to your home and property caused by an earthquake.
- What It Covers:
- Dwelling: Repairs to your home’s structure.
- Personal Property: Replacement of your belongings.
- Loss of Use: Covers temporary living expenses.
- Who It’s For: Homeowners in seismically active regions.
- Key Considerations: This is separate from a standard homeowners policy. Deductibles are very high, typically 10-20% of the dwelling’s coverage limit.