Archive for the ‘ Earthquake Insurance ’ Category

i keep hearing about the long over due earth quake thats will hit california, they say it will happen within the next 35 years and i know insurance here dont cover earthquakes so if you buy a house and it gets reduced to rubble you still have to pay the bills. Is california doomed? moving out is not a option for me so i just dont know what to do any more…feeling kind of scared… T_T

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is there a web site were i can look at the historical home insurance claims statistics? each state has it's regular events: midwest states: tornadoes / giant hail storms, east coast: flooding / hurricanes, west coast mud slides / volcano eruptions / earth quakes / flooding, northern states flooding / ice storms. i wanted to just sit down and look at the country as a whole and get an idea what happens on a regular basis in different areas of the country. i call it advanced geography. knowing names of cities and states is nice but not that useful unless you get a feel for the area and know what kind of weather people who live there are used to or expect.

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We have it with Travelers insurance.

I'm in LA

& for earth quake insurance they want a 15% deductable of the coverage amount which is 0,000

so thats about 15 grand.

Which is high? before I sign the stuff, I want to know, can I have home owners insurance w/travelers but have earth quake insurance w/some one else? & if so, where should I get that earth quake insurance? is 15% the lowest i'll find?

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How can I get earthquake insurance for structure of condo?
I live in southern calif. I own a condo. the association just cut our earthquake insurance coverage, because it was too expensive. I have to buy private. I've contents insurance which pays for stuff inside my condo such as damages to painting/furniture/floors. the contents insurance does not cover damage caused by earth quake to the structure.
where can I buy insurance coverage for the structure?
thanx.

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I live in a housing complex in a condominium. I have taken home owner's insurance policy as required by mortgage company. Recently my insurance company informed me that they are removing ' earth quake ' coverage from policy from next renewal cycle as it is not economical to the insurance company.

My questions are –

a) As general rule what kind of insurance one should take. I mean – fire, theft, flood, earth quake, tornado, hurricane, twister etc.
b) what monetary coverage one should go for ? I mean say house is of 300,000 value.
c) If the present company does not give earth quake coverage, then should I consider going to other company.
d) Can any one give some ideal what will be the premium per year for getting all above coverage for 300,000 value house.
I have read the answers of – mbrcatz17, hi91977 and harrell1956. Thanks,
But my questions still unanswered are –

a) Should I take coverage for Earth quake, Hurricane, Twister, Tornado and flood. I live in new jersey. It is not flood zone area.

b) I existing premium is 300 $/year for Fire, earthquake, hurricane but without flood. Now my company is removing Earth quake and said it will save $ 17 /year. If I go to another insurance company what will it cost appx. for earth quake coverage ? And should I go for it or not ?

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I pay 300 a month for association fee, still we don’t have earth quake insurance, because it is too expensive. I have consent private insurance that I hope covers the damages from all the fires we have. If I loose the condo due to earth quake, do we have financially anything?
Should I exchange my cond with a house? in case we have earth quake, and the building collapses, still I own the land.

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I'm in LA

Travelers wants 15% deductable of the covered amount which is 0,000

which is ,000 which is too high.

is it the same everywhere?

where is it lower?

thanks!

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I am with farmers and it is time for me to renew my contract with them but im kind of iffy about the whole thing. I have fire protection but nothing for earth quakes which scares me because we have had 3 in the last couple of months. I want to be covered for everything at a low cost.

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& causes destruction of most homes. Since most home owners don't have earth quake insurance due to its high cost, will government step in help home owners financially to rebuild their homes?

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Should I keep my renters insurance? Im buying a home next year and will be getting home owners and flood insurance. What is the difference between the renters and home owners insurance??

I live in Texas btw…should I also get Earth quake insurance also?

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