Earthquake Insurance Policies Dallas Fort Worth
If you are in the market for earthquake insurance in the Dallas Texas area then contact us today. We are an independent insurance agency which will help you find a great policy to meet your needs.
Helpful Earthquake Insurance Tips
We found a resource from the National Association of Insurance Commissioners on earthquake insurance
Here is the information from that page (PDF here):
Earthquakes can cause a great deal of damage that won’t be covered under your homeowners, renters or condominium insurance policy. These policies don’t cover damage due to natural disasters such as earthquake, flood and landslide. Your home is insured for earthquake damage only if you’ve added an endorsement to your policy or bought a separate earthquake policy. A homeowners policy and earthquake insurance don’t overlap, but work together to give your home more insurance protection.
WHO NEEDS EARTHQUAKE INSURANCE
Whether you should buy earthquake insurance depends on several factors. One is if you live in a quake-prone area. Earthquakes can happen in all 50 states and U.S. territories. About 90% of us live in areas that have earthquakes. California has the most frequent damaging earthquakes while Alaska has the largest earthquakes, mostly where no one lives. Most earthquakes are west of the Rocky Mountains, but some of the most violent earthquakes have been in the central U.S.
WHAT EARTHQUAKE INSURANCE COVERS
Earthquake insurance covers repairs needed because of earthquake damage to your dwelling and may cover other structures not attached to your house, like a garage. It insures your personal property against damage from an earthquake. It may cover increased costs to meet current building codes and costs to stabilize the land under your home. Earthquake insurance covers the cost to remove debris. It also pays for extra living expenses you may have while your home is being rebuilt or repaired.
While insurance for earthquake damage isn’t part of your homeowners insurance, you may be able to add it by buying an endorsement (a written change to your coverage) and paying an extra premium. Or, you may buy a separate earthquake insurance policy. Either way, it’s likely there will be important differences between your earthquake insurance and your homeowners insurance policy. Ask your insurance agent to explain those differences.