Earthquake Insurance Rates Head Sky-High In Parts Of California

 Wednesday, July 17, 2019

 Live Insurance News

As Californians rocked by the recent quakes seek coverage, they’re finding sky-high premiums. Across California, consumers have been watching earthquake insurance rates increasing.

The reason is that the latest premiums calculations include forecasts of how large future quakes will be and where the worst ones will strike.

This is terrible news for many people who were looking to renew or purchase policies. Current predictions suggest that about 250,000 current policyholders will experience increased earthquake insurance rates.

Many of the property owners in Southern California may see their premiums increase by double or triple what they would have been not too long ago.