zombiehive
|
Depends upon location. In middle america? Probably not. In San Francisco? You betcha. |
|
robin b
|
If you live somewhere with earthquakes then ya |
|
Shortstuff13
|
Talk to an insurance agent. I hope you don't have to learn its worth via the hard way. |
|
WPB_LV_AV
|
Yes it is if you live in an area where they are common. If not then no not worth it. |
|
JeffyB
|
If you live in a high EQ zone, yes. You could lose everything otherwise. |
|
dot&carryone.
|
Is any insurance worth it until something happens? |
|
Barry auh2o
|
It costs so little.
True, the deductable is high, but considering the small cost, yes, its' worth it. |
|
mrindianajonesprm
|
If your home falls down in an earthquake and you had it, probably. |
|
katobow
 |
Sure is. Ask Suzanne Somers. |
|
Chappy
|
It is if you live near a fault line. |
|
drjonclark
|
No one ever asked that question the day after they file their claim. |
|
bundysmom
 |
If you live in an earthquake prone area absolutely. On a traditional renters/condo/homeowners policy earthquake damage is specifically excluded meaning if there's an earthquake and your residence and personal belongings are destroyed your insurance will not pay for it. Earthquake insurance is a seperate policy altogether and covers damage specifically due to earthquakes. So if you live near a fault line, like in CA, the central states, or even the Eastern states, then yes you should have it, especially if you live in the Bay Area or anywhere near Mammoth. |
|
childofevil2003
 |
Only if you live in an area with high rate of having an earthquake................like in California!!! |
|
cidyah
 |
If you live in an area that is prone to frequent earthquakes, it's worth it. |
|
Lori B
|
depends where you live, if you live on or near a fault line I would recommend it if you want to be able to replace your possessions. |
|
John G
|
Together with flood, quake coverage is normally excluded from most property coverage. The reasons are various but the essential question you need to answer is this:
"If my home or business is wiped out or substantially damaged by ANY cause, do I expect an insurance recovery?"
You don't care whether it was a fire or quake -a loss is a loss. Do not ask yourself the "what are the chances" question. What you want to know is: what are the consequences? The "odds" are theoretically represented in the rate you pay -higher in seismically active areas, lower elsewhere as you would expect.
You can buy back quake coverage under most homeowner type contracts; otherwise, if you have a business property with substantial values at risk, consider a "DIC" (difference in conditions") policy which basically covers everything not otherwise insured: quake, flood, alien invaders -whatever. Yes of course it has its own conditions and exclusions and usually you want a high deductible. If your agent doesn't know what a DIC is -time for a new agent.
OK? |
|
Judge Judy of Y/A
|
I don't think so. The deductible is so high that your house would have to be completely leveled before the insurance kicks in. If your house is badly damaged in an earthquake, just set it on fire, your normal home owner's insurance will cover it if your house burns. |
|
mbrcatz
|
Only if you need to file a claim. Just like any other insurance - if you have it and don't need it, well, that stinks. If you need it and don't have it, you're looking at a bankruptcy filing, if the house isn't paid for. |
|
B Z
 |
In the far western United States I would think so. Then again though, insurance of any kind if pretty much a legal, government backed scam. |
|
| |
|
Homepage 
Financial
Forum 
Insurance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
