Earthquake Insurance

What is Earthquake Insurance?

Earthquake insurance is a form of property insurance that pays the policyholder in the event of an earthquake that causes damage to the property. Most ordinary homeowners insurance policies do not cover earthquake damage.

What is covered under earthquake insurance?

Your home owners insurance does not cover earthquake damage (except fire - California law says that both homeowners renters insurance must cover fire damage that is caused by or follows an earthquake. This means that the fire damage is covered, whether or not you have earthquake insurance).

What is the average deductible for earthquake insurance?

The limit on your earthquake insurance is the same as the limit on your homeowners insurance (dwelling coverage). CEA offers deductibles of 5%, 10%, 15%, 20%, and 25%. You do not have to pay your CEA deductible up front to receive a claim check, it is simply the amount deducted from your total covered losses.

What does loss of use mean on an insurance policy?

Loss of use coverage covers any additional living expenses, meaning any necessary expense that exceeds what you normally spend. For example, you usually spend $300 per month for groceries. While your home is being repaired, you spend $400 a month since you have to dine out instead of cook at home.

What is the most destructive wave in an earthquake?

Although surface waves travel more slowly than S-waves, they can be much larger in amplitude and can be the most destructive type of seismic wave. There are two basic kinds of surface waves: Rayleigh waves, also called ground roll, travel as ripples similar to those on the surface of water.