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How do you know if you need earthquake insurance? GOBankingRates spoke with Gus Garcia, director of personal lines contracts at Farmers Insurance, to learn more about what earthquake insurance does...
After a 5.4 magnitude earthquake shook southern Illinois this morning, I wondered what would happen if my home were caught in a strong tremor. Like most people, my home insurance doesn't cover ...
After the 1994 Northridge earthquake, nearly all insurance companies completely stopped writing homeowners' insurance policies altogether in the state, because under California law (the "mandatory offer law"), companies offering homeowners' insurance must also offer earthquake insurance. Eventually the legislature created a "mini policy" that ...
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%.
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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 ...
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