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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 ...
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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.
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]
Builder's risk covers perils such as fire, wind, theft, vandalism and many more. It typically does not cover perils such as earthquake, flood or hurricane damage unless the policy has been specifically endorsed to do so. [3] However, earthquake riders can be economical, depending on where a project is located.
A fact from Earthquake insurance appeared on Wikipedia's Main Page in the Did you know column on 19 May 2004. The text of the entry was as follows: Did you know... that residents of California buy more earthquake insurance than residents of any other U.S. state? A record of the entry may be seen at Wikipedia:Recent additions/2004/May. Wikipedia
Earthquake insurance is available as an endorsement from many private carriers. Depending on where you live, your policy may exclude coverage for other natural disasters.
Earthquake insurance for earthquakes in Turkey is compulsory [1] [2] [3] for residential buildings in urban areas. [4] However it is often not enforced. [4] The Turkish Catastrophe Insurance Pool was created shortly after the 1999 İzmit earthquake [5] [4] and is making payments for the 2023 Turkey–Syria earthquake. [6]
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