When NOT To Have Earthquake Insurance

Combine modern building codes with huge deductibles before a policy kicks in, and the odds are probably in your favor without insurance.

Southern Californians found themselves earlier this summer dealing with some of the largest earthquakes and aftershocks to hit the area in 20 years.

Although the earthquakes weren’t devastating, they did serve as a reminder about earthquake insurance and whether its cost, high deductibles and exclusions make it the best route to go to protect your home or business.

Following the quakes, which included nerve-shattering aftershocks, questions and confusion abound, particularly on the subject of insurance.

Many believe inaccurately, state Insurance Commissioner Ricardo Lara would later emphasize, that a moratorium had been placed on all new earthquake policies.