Occasional earthquakes are a fact of life in San Diego, CA. Most people have a policy to cover destruction from major tremors, but does earthquakes insurance cover everything? The agents at Let’s Insure can help you understand what your policy covers when a major quake occurs.
Major Exclusions are Common
You may think your earthquake policy will cover all damage from a tremor, but that is not the case. Most policies have several common exclusions, such as:
- Fires caused when earthquakes break gas lines
- Floods that occur when earthquakes trigger a tsunami, storm surge, or a breached dam
- Landslides, mudslides, and soil movement
- Damage to your vehicles
- Masonry and decorative features often have a lower damage payout
Other insurance policies cover these risks. For example, your homeowner’s insurance covers fires, while any damage to your cars is covered by the comprehensive portion of your auto policy. You need a flood insurance policy to cover water damage caused by strong tremors. The same applies to mudslides, although you may want to consider land movement insurance for other problems with the ground.
How You Can Fully Protect Your Home
You should also remain aware that earthquake policies have deductibles based on the percentage of your home’s total worth. These typically range from 5% to 25%. Some policies also apply separate deductibles for your main dwelling, detached garages, and your belongings.
Review your earthquake policy so you are aware of what you’ll face financially when a major tremor occurs. Also, review your other policies and add coverage as needed to ensure that you pay as little out of pocket as possible.
The agents at Let’s insure will gladly go through all of your policies to determine whether you need more coverage. Contact our San Diego, CA office to learn more and get started on earthquakes insurance.
