Is California earthquake insurance worth it?
California earthquake insurance: is it work it? If there is one thing that California is known for outside of Hollywood, it is natural disasters. Small earthquakes are quite prevalent around the state, and some of the biggest in the nation occur within its jurisdiction as well. Its position over a major fault line doesn't help most insurers feel any safer, but there are some who really know the terrain and can help protect companies and residents.For those residents who call the Golden State home, California earthquake insurance is always a question. Is it worth it? Let's take a look at some of the reasons why it would be.
Reconstruction
Earthquakes hit building foundations, which can quickly render a building unlivable. In some cases, the timing of repairs is just as important as whether they get done. For instance, would you want to live away from the comforts of home for a month after a catastrophe paying contractors off of a cash account? Imagine the additional living expenses - that would quickly cut into any savings you might have from self-insuring. These expenses are paid with the right kind of California earthquake insurance.
Precision
Because earthquakes are such a big part of California culture, the prices there are quite precise. There are some real estate agents who use earthquake insurance prices to inform clients of the risk they take when moving there! Prices will be relatively easy to compare, and you can be sure that you are getting what you pay for. Do your due diligence, by all means, however.
Type of Home
If you have certain types of homes, then you may want to consider earthquake insurance more than other people. Inflexible materials such as stone, adobe, brick and concrete are usually not made to withstand seismic events. You may also have to get special kinds of coverage for other materials in your home such as masonry veneer. These add-ons are even more difficult to replace if they are destroyed, however, so the insurance is worth in these special cases more than ever.
Is California Earthquake Insurance Worth It? All it Takes is One
Small or big, earthquakes can create havoc in your home in a second. Your home does not have to be right over a fault line, either. Depending on the size of the earthquake, your home may receive damage just because it is in the blast radius. All it takes is one, and it's too late once it happens for wishful thinking.If you are looking for a company who knows California earthquake insurance, give the dedicated experts at Brashears Insurance a call or an email. We would be happy to answer any questions that you have about the specialized insurance that you need to do business or live safely in the great state of California.