Home Owner Insurance Quote

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Home Owner Insurance Quote : 

Home Owner Insurance Quote

Home Insurance and Earthquakes : 

Home Insurance and Earthquakes When purchasing a home owners insurance policy in regions that are prone to suffering earthquakes, the most sensible thing to do is to find out about every aspect concerning policy coverage before a tragedy actually strikes. It is a known fact that most home owners do not have policies covering these natural acts, even though California is no stranger to earthquakes and associated fires. So, the most advisable thing to do is to find out as much information as possible regarding this particular clause of the policy.

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Some policies will only cover the land, leaving the building unprotected. So, even though the house might crumble like a house of cards in a draft, you might be faced with the situation where you are entitled to no financial coverage, as the land has been left untouched. In many cases, the coverage might be complete, that is to say, on the land and the building. However, it is customary to consider that the house will only amount for a 20% of the value of the property. So, if a house is worth $500,000, and it gets destroyed in an earthquake, the home owner will only get $100,000, not much when it comes to rebuilding on the ruins of a house. Remember that just preparing the land, and getting the terrain in conditions to build a new house will require a high amount, and you have not even laid a single brick yet! Let alone purchasing all items that were destroyed during the earthquake! You might want to think twice before filling in the forms.

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