Home Insurance

Points to consider before taking up an earthquake insurance policy

If you decide to buy earthquake insurance, you will have to consider several factors before you take it up. Here are a couple of tips on what you need to look into before you singing up for earthquake insurance.

• Make a list of all your possessions. How much would it cost to replace your possessions, in the event of an earthquake? Is it possible for you to replace everything? If not, what would you like to include for your coverage.


• What are the living expenses in the event that an earthquake severely damages your home and it needs to be rebuilt? You have to decide on this amount for taking up the additional expenses coverage.


• How much do you owe on your mortgage, second mortgage or line of credit. You should be able to pay these loans in addition to paying the premiums for the insurance.


• Find out if the coverage offered is for structural damage only for the basic structure or does it also include coverage for structures like garage or a shed and so on.


• If you have to rebuild your home because of earthquake damages, you need to rebuild a home that adheres to the latest building norms. Find out if your insurance policy coverage allows for this.


• Look for limitations or exclusions on your policy. This is the part that people are most often caught unawares.


• Check on the deductible amounts you have to pay. Deductible on this insurance type is on the higher side so you need to be prepared for such payments.

Before you take up earthquake insurance, read up about the type of coverage offered on the policy. Find out under what circumstance you can make a claim. You should also know about the exceptions under which the policy is not applicable. The policy works differently for a single family home and for a condominium, so find out about how coverage is applicable in your case from the company or from your insurance agent.

Home Insurance Center

• Why do you need Home Insurance?


• Tips for making claims on your insurance policy


• Tips for Insuring Your Home to Value


• Tips on how to save money on home insurance


• How does your home insurance policy provide coverage for your home structure?


• How does your policy pay out when you have to make a claim?


• Importance of annually checking-up on your home insurance coverage coverage


• Do you need temporary living expenses and how does you home insurance policy provides for this?


• In what way does a home insurance policy protect you?


• Understanding personal property coverage in home insurance


• What happens after you file a home insurance claim?


• A look at how insurance companies calculate premium rates


• Insurance for Historic Homes


• Knowing more about Mobile Home Insurance


• About Mobile Home Insurance


• What you should look for before taking a mobile home insurance policy?


• Tips on what to look for when buying Condominium Insurance


• Why do you need to take Condo Insurance?


• About Earthquake Insurance


• About Insurance from the CEA


• Know about the CEA


• The Mini Policy


• Points to consider before taking up an earthquake insurance policy


• Tips for first time homebuyers who are buying insurance


• Why do you need Earthquake Insurance?


• How does prior history feature in a home’s insurance premium?