Earthquake Damages are Not Included in Regular Policies

December 23, 2022
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As policyholders, it’s important you remain mindful of what is and is not covered on your home or renters insurance policy. Earthquake damage is one of these excluded factors unless you’ve invested in additional protection at an extra cost to your policy. 

Why is earthquake damage coverage optional? 

Most insurance companies stopped including damage from land movement or landslides in their policy coverage in the 1990s. During this time and going forward, the fear of bankruptcy from such policy terms after a major earthquake was considered too much of a risk

Important Questions to Ask Yourself Regarding Earthquake Coverage

If your property was impacted by an earthquake, how prepared would you be to financially address the damages? Unfortunately, most policyholders face this predicament each time a sizable earthquake is reported. 

The damages caused by an earthquake usually far exceed any insurance deductible and aren’t even covered, resulting in zero payouts from your insurance policy. 

Questions to consider:

How much does an earthquake pose a threat to your property’s location and the design of your home? If you live near a fault line in California and your home is situated where falling debris might impact your property, you should invest in financial precautions.

If you don’t have earthquake coverage on your policy, do you have a plan for the cost of earthquake repairs or temporary housing? Take a look at your financial readiness to cover the various types of costs involved after experiencing an earthquake. 

Do you have an idea about the amount of coverage needed based on your risk profile? Understanding the varying levels of coverage when it comes to covering the cost of earthquake-related damage is important. 

Even smaller earthquakes that occur often may cause increased damage to your property foundation over time. The damage may be more hidden, going unnoticed. The structural integrity of your property is vulnerable to increased sensitivity every time earthquakes occur. Professional and highly experienced public adjusters are able to guide you into making educated decisions about your property and the types of financial advantages or disadvantages you may currently have or wish to invest in.

SunPoint Public Adjusters, Inc. Advocates Only for the Insured’s Benefit

SunPoint Public Adjusters, Inc. (“SunPoint”) is the “Gold Standard” of the Public Adjusting industry. We comprehensively review and evaluate your insurance settlement, immediately deploy a team of specialists to assess and quantify your damages, and customize a strategy around your personal recovery to promptly and properly maximize the resolution of your claim. 

Our in-house experts and external veteran professionals are experienced in quantifying and negotiating building, personal property, inventory, or other additional coverages. We work solely on your behalf to favorably resolve your claim. Our team ensures your insurance company does not delay, diminish, or deny benefits that are rightfully owed to you. Industry authorities agree that having a public adjuster like SunPoint on your side early in the process expedites and maximizes your recovery.

Policyholders have been benefiting from our knowledge and advocacy for decades. We have handled, managed, and successfully navigated claims ranging from homeowner losses; corporate losses in the hundreds of millions of dollars; disaster losses involving government entities and entire municipalities; agricultural and recall losses, and virtually any type of disaster claim that could be imagined. Our team of Public Adjusters, building cost consultants, inventory specialists, forensic accountants, and equipment consultants is unmatched in our industry. It is easy to be big. But it takes dedication every day to be the best – we have that dedication. Our goal is aligned with yours. To obtain a free insurance settlement assessment of your specific circumstances and recovery please contact us and strategize your optimal means of recovery.