True, the coverage in California cost more than in other places where earthquakes aren’t as frequent. But consider the cost of repairing, rebuilding or replacing your home and all the things you have in it because of an earthquake. Remember, your homeowners insurance won’t cover it. So every penny would have to come out of your own pocket. And it might be months before any government funds would be available. When you weigh the negatives against the cost, earthquake insurance becomes much more affordable and makes a lot of sense.
The deductible amount you choose affects how much you pay for your premium; many people choose a high deductible in order to pay a lower premium. The deductible represents the amount of out-of-pocket cost you will be required to pay in the event of a covered loss, the insurance company will be responsible to pay the remaining costs up to the limits covered under your policy. You should think about your financial resources and choose a deductible that is right for your personal situation.
The earthquake protection offered here is from reputable insurance companies licensed and approved by the California Department of Insurance. Each company has been carefully reviewed and examined before being accepted in order to be protected.