Earthquake insurance protects your home and belongings from the damage that occurs when an earthquake hits. Like flooding (link to flood insurance page), earthquake coverage is excluded from most comprehensive home insurance policies.
Earthquake insurance usually comes with a fairly high deductible, so this insurance may not be on your radar unless your home resides in an area where earthquakes are likely. Still, all 50 states are susceptible to earthquakes, and damages caused by these natural disasters are not covered by your homeowner’s insurance. Adding earthquake insurance to your policy provides extra protection in case your home is damaged -- or completely destroyed -- by an earthquake. The rate for your deductible depends on your home’s location, its building materials, and the likelihood of an earthquake.
Keep in mind that earthquake insurance won’t cover fire or flood damage, even if the fire or flood was caused by an earthquake. However, when earthquake insurance is added to your home and flood policies, there is no disaster that you aren’t protected against. If you’re interested in adding extra protection to your home and family in case of an earthquake, talk to one of our Mt. Pleasant, Michigan based agents today about purchasing a policy.