Earthquake Insurance - What South Carolina Needs to Know
What are the most important things to know about earthquake insurance?
Earthquake Insurance Can Have Many Options
Most homeowner, condo, and rental insurance policies do not cover damage caused by an earthquake. Coverage can, however, be purchased as an endorsement or separate policy. You may be able to purchase earthquake insurance from the same company that provides your homeowner policy, from a specialized earthquake insurance provider, or from an independent organization such as the California Earthquake Authority (CEA).
Does South Carolina Really Need Earthquake Insurance?
In all likelihood, almost the entire United States would be better protected by purchasing earthquake insurance. Consider the facts:
What Does Earthquake Insurance Cover?
Earthquake insurance provides coverage if your home is damaged by an earthquake. Standard homeowner and renters policies will not cover earthquake damage. Earthquake insurance is a separate endorsement you must buy and add to your homeowner or renters policy. An earthquake endorsement generally excludes damages or losses from floods and tidal waves, even when caused or compounded by an earthquake. However, if you experience a loss due to a landslide, settlement, mudflow, or the rising, sinking, and contracting of the earth, your endorsement may cover it if the damage resulted from an earthquake.
There are several things to consider when purchasing earthquake insurance:
Earthquakes Can Happen in South Carolina – Here’s How You Can Protect Yourself
What to Do When an Earthquake Strikes
If you are inside, stay inside and get under a heavy table or desk. Stay away from windows. Do not evacuate the building unless emergency personnel direct you to do so.
If you are outside, get away from buildings and power lines, and remember that stone and masonry facings can break loose and fall away from upper parts of buildings.
If you are in a car, stop safely away from structures, large trees, power lines, and other hazards. Stay inside the vehicle. Keep in mind:
Earthquake insurance needs can vary greatly. Please call us today and we will be happy to discuss your earthquake insurance needs with you.
Earthquakes have occurred in 39 states since 1900, and about 90% of Americans live in areas considered seismically active. For many of our neighbors in South Carolina, earthquake insurance can be inexpensive. Contact H & H Insurance Brokers today for an earthquake insurance quote.