We live in a quake-prone region, the best way to protect your investment in your home is to buy Earthquake Insurance.
The decision whether or not to buy EQ Insurance is an individual, financial decision. Key factors to research and consider are:
A. pricing
B. the amount of equity you have in your home,
C your proximity to a fault zone
D the age and style of construction of your home and foundation.
Policies with 10% to 15% deductible are now available. Deductible is subtracted off the settlement amount rather than out of pocket. The price and high deductibles for EQ policies has led many people to avoid buying the product, but remember; If you live in a quake-prone region, going "bare" with no insurance means you have a 100% deductible…you'll bear the entire risk yourself.
Don't assume that FEMA, the SBA and/or private charities will bail you out with funds to rebuild after a major disaster. FEMA has very limited funds and strict eligibility criteria. SBA loans are modest and must be repaid. Private charities are being severely stretched by an ever-increasing demand for their services.
Coverage’s to consider
A. contents
B. replacement
C. building code
D. additional living expenses
For current earthquake Activity click here:
http://www.aeic.alaska.edu/Seis/recenteqs/
The decision whether or not to buy EQ Insurance is an individual, financial decision. Key factors to research and consider are:
A. pricing
B. the amount of equity you have in your home,
C your proximity to a fault zone
D the age and style of construction of your home and foundation.
Policies with 10% to 15% deductible are now available. Deductible is subtracted off the settlement amount rather than out of pocket. The price and high deductibles for EQ policies has led many people to avoid buying the product, but remember; If you live in a quake-prone region, going "bare" with no insurance means you have a 100% deductible…you'll bear the entire risk yourself.
Don't assume that FEMA, the SBA and/or private charities will bail you out with funds to rebuild after a major disaster. FEMA has very limited funds and strict eligibility criteria. SBA loans are modest and must be repaid. Private charities are being severely stretched by an ever-increasing demand for their services.
Coverage’s to consider
A. contents
B. replacement
C. building code
D. additional living expenses
For current earthquake Activity click here:
http://www.aeic.alaska.edu/Seis/recenteqs/