Are You Covered Against Earthquakes?
What is Earthquake Insurance?
Earthquake insurance is a form of property insurance that pays the policyholder in the event of an earthquake that causes damage to the property. Most ordinary homeowners insurance policies do not cover earthquake damage.
Breaking it Down
In the United States, insurance companies stop selling coverage for a few weeks after a sizeable earthquake has occurred. This is because damaging aftershocks can occur after the initial quake, and rarely, it may be a foreshock. Although aftershocks are smaller in magnitude, they deviate from the original epicenter. Make sure you’re covered in time!
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