Earthquakes are common in the American West, especially in coastal areas. Whether you live in California, Oregon, Nevada, or Arizona, you likely experience these events at least once a year. While some earthquakes are minor and cause little disruption, others can result in significant damage to your home. Avail Insurance Solutions LLC can help you protect your residence when a tremor occurs.
Standard Home Insurance Has Various Exclusions
Homeowner’s insurance typically covers hazards such as fire, theft, and storm damage. However, it also lists exclusions, including damage caused by landslides and earthquakes. For those living in areas with frequent seismic activity, an earthquake can cause significant damage or destruction to their homes. To protect your property, you must purchase separate earthquake insurance, which covers damages to the structure and its contents.
While homeowners are not required to buy earthquake insurance, it is highly recommended for those living near fault lines or in high-risk areas. California is the only state that mandates insurers to offer earthquake insurance to homeowners.
What Should I Look for in an Earthquake Policy?
Creating a home inventory can help you determine the amount of coverage you need. Consider the following factors:
- Replacement costs for major appliances
- Living expenses if your home becomes uninhabitable
- Your home’s value
- Replacement costs for personal belongings
Earthquake insurance typically provides coverage for your dwelling, personal belongings, and living expenses. Be sure to read your policy carefully, as coverage levels can vary between providers. Assess your priorities and needs before selecting a policy.
If you believe earthquake insurance is right for you, Avail Insurance Solutions LLC can assist you. We serve residents in California, Oregon, Nevada, and Arizona. Contact us today to get started.