Earthquake Insurance

Published: | Updated: January 19, 2018

Definition - What does Earthquake Insurance mean?

Earthquake insurance is a form of property insurance that protects against losses from earthquakes. It typically covers buildings and the contents inside. Sometimes, these policies cover losses from volcanic eruptions as well.

Insuranceopedia explains Earthquake Insurance

Regions with frequent earthquakes have a much greater need for earthquake insurance. In fact, in California, it is mandated by law that insurers offering residential property insurance include coverage for earthquake damage in their policies. However, in most other areas, the threat of an earthquake is considered so low that such coverage is completely optional. Other states, such as Alaska, Hawaii, Idaho, Illinois, and South Carolina, are considered higher risk for earthquakes. Thus, earthquake insurance may be a higher priority in these areas.

How Well Do You Know Your Life Insurance?

The more you know about life insurance, the better prepared you are to find the best coverage for you.

Whether you're just starting to look into life insurance coverage or you've carried a policy for years, there's always something to learn.

Share this:

Connect with us

Email Newsletter

Join thousands receiving the latest content and insights on the insurance industry.