How Important is having Earthquake Insurance in California?
With Gobal Warming and all! Do you think it’s important that I have Earthquake Insurance on my house? Crazy things have been happening and I just want to know I’m covered if a Massive Earthquake HIT California and damaged my house. I’d like to know HOW many Homeowners living in California have Earthquake coverage and what you would pay? I just got a quote that seems pretty good. 4.00 a year for coverage. Sounds pretty good huh? That’s only about .33 dollars a month. Let me know what you think.
My house isn’t worth 1 million dollars. You aren’t dealing with a Millionaire. I wish I had millions in the BANK. That would be the LIFE. I wanted to get my house covered in CASE; just in case. You never know!
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4 comments
mbrcatz17 on February 10, 2010 at 1:29 pm
It’s kinda like flood insurance in Louisana. If you can afford to absorb the risk, and don’t think it’s very high that the earthquake will happen, don’t buy it.
james m on February 10, 2010 at 1:29 pm
If you can get earth movement (eartquake) insurance in CA, you’d be crazy not to.
src50 on February 10, 2010 at 1:29 pm
Sounds way too cheap.
Bob W on February 10, 2010 at 1:29 pm
I agree with the first responder, this is way too cheap to be legitimate. I think you may have misunderstood and the premium is actually $184 per month. This would be about right to insure a $1M home.