Simply put aftershocks are earthquakes after an initial earthquake. However the definition is not perfectly clear on the California Earthquake Authority Policy. The when, where, how, etc may be key to your earthquake insurance policy and any possible protection you may [or may not] receive. It is important for you to understand the concept of…Read More
Your Home Insurance policy contains an exclusion for Land Movement. You Purchase an Earthquake Insurance Policy. Are you now covered for all Land Movement? No. Purchasing an Earthquake Insurance policy only protects your structures from the peril of earthquake. This does not cover other forms of land movement, including, but not limited to: Landslide, Subsidence,…Read More
The Earthquake Hazards Reduction Act is the current US Federal policy that deals with lowering the risk of earthquake damage and preventing loss of life in the United States. As administered it is often called the Earthquake Hazards Reduction Program. The act was signed into law in October of 1977. It was created by Congress…Read More
For consumers Earthquake Insurance can protect you and your family from the devastating financial costs of rebuilding a structure, often an owner occupied home. These costs are significant. Understanding the different protections available can significantly help protect you and your loved ones. It is important to understand that Land Movement, including earthquake is NOT covered…Read More
Earthquake Insurance, such as with all insurance is subject to exclusions. Not all California policies are the exact same, but they tend to fall along some common lines. Earthquake Insurance is subject to all sorts of exclusions including, but not limited to the following: War, Nuclear. and Pollution Fire and Explosion Ordinance and Law /…Read More
In the United States Earthquake Insurance is a form of Property Insurance that covers the policyowner from damage caused by earthquakes, including shaking, subject to the limits, deductibles, and exclusions found in the policy. It is important to note that all policies are different and numerous exclusions will apply. Differences may exist between Personal and…Read More
In the great state of California – A fire started by an Earthquake is covered by a personal homeowners insurance policy. You do NOT need to have earthquake insurance to be covered from the peril of fire caused by an Earthquake. However you DO need Earthquake Insurance to be protected from other damage (such as…Read More
Typical HO3 and HO5 Homeowners Insurance policies do not provide coverage for any earth movement. Insurance policies are all different, but a common ISO HO3 policy (HO 00 03 10 00) excludes coverage for “Earth Movement.” In addition most homeowners insurance policies now a days do not cover a homeowner from the peril earth movement,…Read More
On July 4th and 5th of 2019, a series of earthquakes hit the California Ridgecrest area, according to the USGS. A series of signficant foreshocks and aftershocks hit over the two day period. Additionally minor aftershocks were felt for weeks. Minor damage was reported. A few small fires were reported due to this sizeable shake.…Read More