Do all of the recent earthquakes around the world have you worried for the next big one? California has been experiencing a trend of large sporadic earthquakes, which has many Californians worried. Similar trends are remembered in the months leading up to the Northridge Earthquake in 1994 with a magnitude of 6.7. All Southern California residents remember the Northridge Earthquake that left us with over $20 billion in property damage. Those numbers make the Northridge Earthquake one of the most costly earthquakes of our nation’s history.
As a homeowner, your main priority is protecting your biggest investment – your home. Therefore, it is imperative that you obtain all the necessary insurance products to protect that investment. Despite popular belief, earthquake coverage is not covered under the standard homeowners’ insurance policy. Many homeowners’ mistakenly assume that earthquake coverage is included, and are unaware of their vulnerability until it is too late.
California’s recent earthquake trends should have you rushing to purchase an earthquake insurance policy. To increase your sense of urgency further, it is important to note that an earthquake insurance policy does not go into effect until 30 days after purchase.
Whether you are in an area that is notorious for being vulnerable to earthquakes or not, all California residents should have an earthquake insurance policy to protect their biggest investment. Before you leave yourself susceptible to all the costly damages of an earthquake, contact your insurance provider who can determine your risk factor and give you a quote on earthquake insurance.
At Medwin Insurance Agency, we want to provide you with the peace of mind knowing all of your assets are adequately protected. Contact us today and allow us to guide you through the process of purchasing an earthquake insurance policy. We are always available to answer any questions you may have.