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Earthquake insurance is a separate endorsement or policy, depending on the state, for coverage from damages caused by an earthquake to your home and belongings. Typically, earthquakes aren’t ...
The government of Japan created the "Japanese Earthquake Reinsurance" scheme in 1966, and the scheme has been revised several times since. [4] [5] Homeowners may buy earthquake insurance from an insurance company as an optional rider to a fire insurance policy. [6]
Earthquake insurance is available as an endorsement or a stand-alone policy. Due to the possibility of aftershocks, insurance companies may impose a waiting period anywhere from ...
Depending on the insurance provider, homeowners can purchase an earthquake endorsement to cover earthquakes and landslides or/and purchase flood insurance to cover floods and mudflows.
To buy or not to buy earthquake insurance. Two weeks after Haiti's devastating temblor, that question is on the front burner again. Whether you live in St. Louis or San Francisco, it's hard to ...
Western Mutual was incorporated under the laws of California on March 7, 1942, as a county mutual fire insurer with the title Coast Mutual Fire Insurance Company of Los Angeles County. It commenced business on April 30, 1942. Residence Mutual Insurance Company was founded in 1949.
Despite this significant market share, only 14% of all residential insurance policyholders in the state had earthquake coverage. This percentage includes various types of dwellings, with homeowners and condo owners at approximately 16%, renters at 14%, and mobile home owners at 20%.
After a 4.8 magnitude earthquake struck Friday in Hunterdon County, insurance brokers reported a spike in inquiries about whether homes are covered for earthquake damage.
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