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Old 09-15-2016, 12:39 AM
 
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Is there such a thing as wildfire, and or earthquake insurance, or are these kinds of hazards covered in general liability insurance? Also, is California especially southern California insurance very high compared to rest of the country for those reasons (besides demand obviously)? My boss is looking to purchase commercial property in California. I just want to know what the norms are.
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Old 09-15-2016, 12:53 AM
 
Location: WA Desert, Seattle native
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Earthquake insurance is separate from general liability. It can be very expensive, but it all depends on the value of the structure and what its risk area is. In WA State, it is is actually not very common. Can't comment on CA.
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Old 09-16-2016, 03:38 PM
 
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So there is such a thing as earthquake insurance. If you do get hit with an earthquake, have no insurance for it, what can regular liability insurance do? Will they even do anything?
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Old 09-17-2016, 11:43 AM
 
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Earthquake insurance is separate. If you don't have it, you aren't covered.
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Old 09-17-2016, 02:18 PM
 
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Quote:
Originally Posted by rah62 View Post
Earthquake insurance is separate. If you don't have it, you aren't covered.
Have you ever hear of wildfire insurance, or will that be covered with the fire/general liability insurance?
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Old 09-17-2016, 04:01 PM
 
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I've never heard of "wildfire insurance". Have you ever thought to ask an insurance agent?
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Old 09-17-2016, 05:03 PM
 
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Or there's this new website called google:
https://www.allstate.com/tools-and-r...-coverage.aspx
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Old 09-18-2016, 11:18 AM
 
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Homeowners insurance covers fire. Earthquake insurance covers earthquake damage. However, if a structure is destroyed by fire caused by an earthquake, then homeowners insurance takes over. You can read all about it here:

CA Earthquake Authority
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Old 09-18-2016, 02:31 PM
 
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wildfires are part of your homeowners insurance and you will pay more if your fire risk is higher, like living near the undeveloped area that burn, or especially if you have a lot of exposed exterior wood or a cedar shnigle roof (if there are any of those left)

earthquake insurance is additional coverage that you buy seperately. I would only buy homeowners insurance from a company that also does earthquake insurance.
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Old 09-19-2016, 12:49 AM
 
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Does everyone who owns property basically have to have earthquake insurance?
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