If you live in Nevada, there’s a growing chance that you have earthquake insurance in addition to your homeowner’s insurance coverage. However, even in Nevada, a very small percentage of homeowners carry earthquake insurance. Many people think their homeowner’s insurance policies automatically cover all belongings in case of an earthquake. But, most homeowners insurance policies do not cover all belongings demolished in a devastating earthquake.
If you own expensive jewelry and antiques, your valuables may not have the coverage you require unless you also have earthquake insurance. Although earthquake insurance is expensive, it’s easy to find the best coverage for your budget when you speak with one of our professional insurance agents. Even if you live in New York or Kentucky, there’s always the chance of an unexpected earthquake, so you need to read the fine print in your homeowner’s policy to find out if you’re completely covered.
Whether you live in Texas or Missouri, chances are likely that your homeowner’s insurance does not cover earthquake insurance. One difference between coverage offered by your homeowner’s insurance and coverage offered by an earthquake policy is that earthquake insurance provides compensation for damages that are caused solely by an earthquake. If your homeowner’s insurance policy is difficult to decipher, contact our office to make an appointment with an agent who can explain the details.
Unlike flood insurance, if you owe a mortgage on your house or condominium, you are not legally required to have earthquake insurance. Your homeowner’s insurance may cover you for certain damages, but, if an earthquake is a culprit, you may learn quickly that you have lost your home and belongings without having the necessary funds to replace your property. Consequently, it is best to give us a call and discuss your concerns. Contact Sage Insurance today to discuss your homeowner’s insurance policy.