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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 ...
If you do get earthquake insurance, keep in mind that deductibles are higher than the standard plan, the Insurance Information Institute said, and could be equal to roughly 5 to 15% of the policy ...
Earthquake insurance: Earthquakes and earth movements are not covered in a standard homeowners policy. In most states, homeowners may be able to purchase an endorsement to cover damage from ...
As with flood insurance or insurance on damage from a hurricane or other large-scale disasters, insurance companies must be careful when assigning this type of insurance, because an earthquake strong enough to destroy one home will probably destroy dozens of homes in the same area. If one company has written insurance policies on numerous homes ...
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 ...
In 2007, CCRIF offered its first parametric insurance products, earthquake and tropical cyclone. In 2007, CCRIF made its first payout to the governments of St Lucia and Dominica for the earthquake on November 29, [6] and in 2008, CCRIF made its first payout to the government of the Turks and Caicos Islands in response to damage from Hurricane ...
A discussion of the entities covered by earthquake insurance is needed. For example, in California the insurance covers only home owners. Condo owners can cover the interior of their unit and its contents but the home owners association does not have access to similar policies as other home owners.
Flood insurance: Flood damage is typically excluded from homeowners insurance, but flood insurance may be available as an endorsement or standalone policy. Homeowners in high-risk areas may be ...
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