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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 ...
Feb. 6—The Oklahoma Insurance Department during Earthquake Awareness Month answers questions about earthquake insurance. 1 Do I need earthquake insurance? A standard homeowner's policy does not ...
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]
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.
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]
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%.
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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