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Old 08-23-2011, 01:06 PM
 
12,589 posts, read 17,512,742 times
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My home felt the shocks of the earthquake that hit Va. in the last 30 minutes.

My agent once told me a fire is a fire as far as insurance coverage goes, whether lightening or arson.

I know flooding is not covered.

What about earthquakes?

We had some very bad storms this summer, and I had some minor roof shingle damage that would not be covered because my deductable is $1000.

So, flooding is a natural disaster but not covered.
Fire by lightening is covered.
How about wind, and earthquakes?

Thanks.
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Old 08-23-2011, 01:08 PM
 
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I had to add earthquake coverage to my standard policy. As I recall it was not very expensive but does come with a high deductible. $15,000 I think.
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Old 08-23-2011, 01:12 PM
 
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Quote:
Originally Posted by sayulita View Post
I had to add earthquake coverage to my standard policy. As I recall it was not very expensive but does come with a high deductible. $15,000 I think.
Your deductable is almost 50% the value of my house.

I can call my agent, but they love to put a positive spin on things, and try to sell you extra coverages for anything and everything.

I do not understand why they would cover arson, and not wind damage, etc.
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Old 08-23-2011, 01:15 PM
 
Location: Tigard, Oregon
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Originally Posted by howard555 View Post
I do not understand why they would cover arson, and not wind damage, etc.
It's about risk. My guess would be it's because wind damage is more likely to happen.
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Old 08-23-2011, 01:19 PM
 
12,589 posts, read 17,512,742 times
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Quote:
Originally Posted by zoso1979 View Post
It's about risk. My guess would be it's because wind damage is more likely to happen.
let me change the question.

does my insurance cover earthquake damage.......or is that an extra add-on.
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Old 08-23-2011, 01:21 PM
 
Location: Columbia, SC
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A great question for your insurance company!
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Old 08-23-2011, 01:45 PM
 
Location: Barrington
60,556 posts, read 41,453,745 times
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Quote:
Originally Posted by Brandon Hoffman View Post
A great question for your insurance company!
Best response

Cost of insurance varies dependent on the risk of the area. Please contact your insurance agent. No doubt they have received plenty of such calls.
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Old 08-23-2011, 01:54 PM
 
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If you are asking about this because of the earthquake today and you want to buy coverage, expect there to be a waiting period. Mine was 90 days as I recall.
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Old 08-23-2011, 02:19 PM
 
Location: Albuquerque
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Generally any earth movement would not be covered.

I have a cow-orker who's garage was damaged by a neighbor's
broken water pipe that undermined the whole side of his house.
Nothing is covered. The neighbor has no money to pay.

I live on a lot that was created by piling up dirt to make a raised
area flat and supported by retaining walls. The houses below were
put on lots that were dug out of the hillside.

I have to assume that my ( underwater ) house insurance would not cover it if one
of the retaining walls were to fail for some reason. In addition, my neighbor would
want to sue me for whatever damage was done to his house by such a collapse.

I'm not sure he could do that since the retaining wall protects both of our houses from damage.

When I lived in CA and rented, I bought special earthquake insurance.
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Old 08-23-2011, 03:31 PM
 
Location: Mostly in my head
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Here in Utah it is an add-on and rather expensive. In Memphis, TN it was an add-on. I bet it is an add-on in your area.
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