Earthquake Insurance Albany Kentucky

There are a couple of common mistakes that folks make involving earthquake insurance.

1. Most home owners believe their home insurance policy will cover the damages caused by earthquakes and decide not to add extra coverage’s

2. Even if a homeowner is conscious of earthquake insurance; they will opt out of the coverage because they think that home insurance covers it or feel it is unnecessary.

In California, only 12% of homeowners have earthquake coverage. Why? Denial, for one. Plus they believe the "risk to reward" is not good enough. Depending on the insurance coverage options you select, earthquake insurance is comparatively inexpensive and will cover the replacement or repair costs of your damaged home and any assets which have been damaged on your property.

If you decide to buy a earthquake insurance policy, we recommend buying enough to cover the costs of rebuilding your home and replacing your most expensive assets. The amount of insurance purchased should be determined by replacement and reconstruction costs, not the market value of your house and possessions. The general rule is that you shouldn't risk more than 10 percent of your liquid assets. A big earthquake could mean :

10 to 100% of your home’s structure could be damaged or destroyed
Your prized possessions could be lost or damaged beyond repair
Based on your options it could provide $700 to $3000 a month for temporary rent and relocation expenses

Do not make the mistake of assuming earthquakes are regional or too far in-between, and PLEASE don’t make the mistake of assuming your homeowner’s insurance coverage is going to protect you in the event of an earthquake. It will not. Despite the fact that many Americans live in seismically active regions. NO AREA IS IMMUNE for further information on Earthquake Insurance contact Davis Insurance Group at 606-387-4297 or to get a free online Earthquake Insurance quote complete our online application above.

Kentucky Insurance Agency offering Earthquake Insurance policies in
Albany, Monticello, Somerset, and Glasgow Kentucky.

written by DC don't change