How the Recent Earthquake in Turkey Highlights the Need for Earthquake Insurance in California

The powerful 7.8 magnitude earthquake that struck Turkey and the aftershocks that followed have caused widespread destruction and deaths of tens of thousands of people. Though on the other side of the world, this devastating event reminds Californians of what can happen if we are unprepared for earthquakes. Here, we will discuss why earthquake insurance is so important and why it should be a priority for California and Washington homeowners.

The Dangers of Earthquakes in California

Given its location on two major seismic fault lines—the San Andreas Fault and the Hayward Fault—California is no stranger to earthquakes. US Geological Survey (USGS) states that there is a 72% chance that California will experience a 6.7 or greater magnitude earthquake within the next 30 years. The effects of such an event could be catastrophic; not only will the lives of many be at risk, but the damage to property from collapsed homes, apartment buildings, and condo units will follow with significant financial and economic burdens.

The Benefits of Earthquake Insurance

Earthquake insurance provides financial protection for homeowners whose houses have been damaged or destroyed by an earthquake or aftershocks. It covers both structural damage and personal belongings, including furniture, appliances, clothing, jewelry, etc., up to certain limits set by your policy. Additionally, depending on your policy provider and terms, you may receive coverage for temporary relocation and living expenses while your home or property is being repaired.

Earthquake insurance is particularly important in California and Washington because most homeowners insurance policies do not cover damages caused by seismic activity; if you want coverage against earthquakes, you must purchase separate earthquake insurance or add an endorsement onto your existing policy.

Conclusion

In light of recent events in Turkey, we are reminded how devastating earthquakes can be – both financially and emotionally – if one’s home has not been properly insured against them. Hence, it is vital for homeowners to own earthquake insurance protection – whether through separate policies or endorsements – as part of their overall homeowner’s insurance package. Investing in quality earthquake insurance now could save you thousands of dollars later should something happen here at home like it did recently overseas; don’t wait until it’s too late! Instead, take action today and protect yourself against potential loss due to earthquakes with quality earthquake insurance coverage!