Earthquake Insurance Offer
Dec 28 2023
Here's the earthquake coverage offer I received from my new home insurance provider.
Building Property Coverage Limit = $25k
Building Property Deductible = $3750
Personal Property Coverage Limit = $5k
Personal Property Deductible = $750
Loss of Use Coverage Limit = $1500 (no deductible)
Loss Assessment = $50k ($7500 deductible)
Estimated Annual Premium $813
I already got a new earthquake insurance policy. It's $3k per year but covers my replacement cost share ($450k+, minus $100k deductible). The minimal coverage above I might as well just pay it myself. I'd rather pay more to cover an amount that would financially be quite damaging.
Building Property Coverage Limit = $25k
Building Property Deductible = $3750
Personal Property Coverage Limit = $5k
Personal Property Deductible = $750
Loss of Use Coverage Limit = $1500 (no deductible)
Loss Assessment = $50k ($7500 deductible)
Estimated Annual Premium $813
I already got a new earthquake insurance policy. It's $3k per year but covers my replacement cost share ($450k+, minus $100k deductible). The minimal coverage above I might as well just pay it myself. I'd rather pay more to cover an amount that would financially be quite damaging.