Earthquake insurance

Earthquake insurance is ensuring one’s property in the eventuality of an earthquake if the policyholder’s house gets destroyed. So, if you reside in an area which is prone to earthquakes, getting an earthquake insurance policy will be a viable option for you. The rates of insurance for earthquakes policy varies as per the location and likelihood of an earthquake. There are many regions in the United States, such as the mid-west, which are prone to earthquakes. Some of the states included in mid-west are:

1. The New Madrid Seismic Zone in southeastern Missouri: This region includes eight states of Arkansas, Alabama, Kentucky, Mississippi, Illinois, Indiana, Missouri, and Tennessee.

2. The Wabash Valley Seismic Zone along Illinois: This region includes three states Indiana, Illinois and Kentucky which are bordering Indiana.

California and Charleston area in South Carolina are also among high earthquake prone regions in the United States. California is the state with maximum number of earthquake insurance than any other state in the country. A lot of homeowners are already covered under earthquake insurance but those who are not should consider it to safeguard their biggest financial asset against it. Making an investment towards earthquake insurance will help you greatly if unfortunately your area is stuck by the natural calamity.

Protect Your Family with a Sound Disaster Plan

Unpredictability of nature is the only predictable thing that we know. One can not predict when a natural calamity would strike and at what impact. Every year, billions of dollars are lost in floods, earthquakes, fires and other natural disasters. So for a homeowner, it becomes extremely important to safeguard your family and this can be done with a sound disaster management plan.

It is always recommended to take preventive measures rather than worry about later. Learn about the different disasters, which might strike in the area where you live. Once you have all the data with you, it is the time to prepare yourself from such natural disasters.

Depending upon the geographical area where you live, you must get your house protected with natural disaster insurance. For instance, if you stay in an earthquake prone region, it is extremely important to go for earthquake insurance to protect your belongings and property from the damages caused by the earthquake. Natural disasters do not come by knocking on your door. Prevent your family and property before its too late.

Prepare Yourself for the Next Storm

Nature is unpredictable and you never know what might happen with you or your property any moment. Our planet earth faces the wrath of nature from time to time and every now and then we hear the horrendous news related to the storms destroying the whole of cities. Although homeowners and businesses protect their property with storm insurance, it is imperative to understand the coverage of the storm insurance policy so that they get a shield from every type of damage caused by storms.

Storm and bad weather can shake the complete foundation of a building. People go to any lengths to prevent their homes from storms and flooding. However, they forget the significance of getting insured with proper storm insurance. Most homeowners are under the misconception that their normal homeowner's insurance will be all that they need in case of a natural disaster.

However, homeowner’s policy does not provide complete protection against the losses incurred by storms. To ensure that you do not have to reel under a financial strain in the repairs, protect your property with storm insurance today and say goodbye to stress and sleepless nights.

Earthquake Insurance - What to look for?

While going for an earthquake insurance, just look out for few things as described in the CBC reports.

Storm damage? Will your insurance pay

Check out what storm insurance policy holders can look to insurance companies for help?

Homes: Storm damage should be covered by your home insurer. Most operate 24-hour emergency helplines, and you should call them before you do anything. Note, householders are obliged to try to minimise their losses, which means getting in an emergency glazer, or other work done such as shoring up a roof, to keep the weather out. Insurers will advise on this.

Cars: Don't take your car through anything more than a few inches of water. If you must, drive extremely slowly (under 5mph), in first gear, and using high revs. Car insurers are braced for a surge in claims after the storms left many roads underwater.

Travel: Train and air travelers whose trains were cancelled as a result of the weather and they didn't board are entitled to a full refund. If you were on a substantially delayed train you can fill in a compensation form and you will get all, or some of, the ticket price back, depending on the length of the delay.

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