California homeowners urged to consider earthquake insurance
Scripps Local · Just In
Scripps Local
Just In
Preparation for the next big one should be done before it happens, specifically when it comes to earthquake insurance, which is added protection homeowners can purchase that's not part of your regular homeowners insurance policy.
Breakdown
- Earthquake insurance is not included in standard homeowner policies in California. 25s
- Premiums depend on home age, materials, foundation, and location near fault lines. 1m 3s
- Deductibles typically range from 5 to 25 percent, affecting out-of-pocket costs. 1m 31s
- Only about 10 percent of California homeowners have earthquake insurance. 2m 9s
- Federal aid for earthquake damage is limited, making insurance a key financial safeguard. 2m 23s