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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%.
Earthquake insurance is a form of property insurance that pays the policyholder in the event of an earthquake that causes damage to the property. Most ordinary homeowners insurance policies do not cover earthquake damage. Most earthquake insurance policies feature a high deductible, which makes this type of insurance useful if the entire home ...
Magnitude of the earthquake and aftershocks. The 1994 Northridge earthquake affected the Los Angeles area of California on January 17, 1994, at 04:30:55 PST. The epicenter of the moment magnitude 6.7 ( Mw) blind thrust earthquake was beneath the San Fernando Valley. [ 3] Lasting approximately 8 seconds and achieving the largest peak ground ...
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 ...
Earthquake insurance is a separate endorsement or policy, depending on the state, for coverage from damages caused by an earthquake to your home and belongings. Typically, earthquakes aren’t ...
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 ...
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