Earthquake insurance is necessary because earthquakes in California are a fact of life. Most homeowners and commercial property policies exclude coverage for earthquake damage and earthquake sprinkler leakage. If you own a home in California, you need to consider purchasing earthquake coverage.
Garcia Insurance has been providing earthquake coverage to California property owners for more than 60 years. We are earthquake insurance experts. We work with the leading residential and commercial insurers to find the insurance policy that best fits your needs.
How much earthquake insurance coverage should you buy?
When estimating the size of an earthquake insurance policy, remember that you should purchase enough to cover the cost of completely rebuilding your property. These costs should be based on replacement and reconstruction costs, up to building code levels, not the fair market value of your property.
For some property owners, earthquake insurance is essential. For others it carries an unnecessary expense. Earthquakes are unpredictable; however, what would the impact be on your cash flow if you were not prepared? How much could you afford to lose?