Earthquake Insurance 101

Earthquake Insurance Carrollton, TXA Basic Overview Of This Coverage

Earthquake insurance is a type of coverage most people say they want, but few actually have. Why? Because many homeowners assume their home insurance coverage includes protection against a quake. In fact, though, most standard homeowners insurance policies do not protect against movements of the earth, including landslides and earthquakes.

This is problematic, as seismologists say that a major earthquake will definitely occur in the next 25 years and should that quake occur in a populated area, it could cause up to $200 billion in damage.

Do not leave yourself exposed to the possibility of an earthquake shaking the financial foundations of your life. While earthquake insurance can be costly in quake-prone areas like California, it does not have to be unaffordable! In fact, when you talk with a local Texas agent about getting your coverage, he or she will be able to help you get the most cost-effective protection against earthquakes.

Unless you are in a position where you would be able to easily cover the cost of rebuilding your home and replacing all of your personal possessions, you should seriously consider carrying a separate earthquake insurance policy in addition to your existing homeowners insurance coverage. This policy will help you rebuild your home, repair or replace your belongings, and even help you cover the cost of other living arrangements in the meantime.

To learn more about how you can protect your home against an earthquake, contact Global Financial & Insurance Services. We are educated about the exact level of exposure you face in Irving and can help craft the right earthquake insurance policy to protect you. Getting full coverage for your Texas home does not have to be a hassle; we are here to create the right insurance portfolio at the right price!