How Important is having Earthquake Insurance in California?

Question

With Gobal Warming and all! Do you think it's important that I have Earthquake Insurance on my house? Crazy things have been happening and I just want to know I'm covered if a Massive Earthquake HIT California and damaged my house. I'd like to know HOW many Homeowners living in California have Earthquake coverage and what you would pay? I just got a quote that seems pretty good. $184.00 a year for coverage. Sounds pretty good huh? That's only about $15.33 dollars a month. Let me know what you think.

Answer 1

It's kinda like flood insurance in Louisana.  If you can afford to absorb the risk, and don't think it's very high that the earthquake will happen, don't buy it.

Answer 2

Home insurance covers lots of different things. I'm not sure about California laws and regulations, so I recommend you call a local home insurance agent. http://www.easyhomeinsuranceguide.com/Ca... They will be able to assist you.

Answer 3

If you can get earth movement (eartquake) insurance in CA, you'd be crazy not to.

Answer 4

Sounds way too cheap.

Answer 5

I agree with the first responder, this is way too cheap to be legitimate. I think you may have misunderstood and the premium is actually $184 per month. This would be about right to insure a $1M home.