Earthquake insurance take-up rates remain low in California, with only about 11% of homeowners buying coverage and just under 10% of commercial building covered, according to Morgan Stanley. (Photo: Shutterstock) Earthquake insurance take-up rates remain low in California, with only about 11% of homeowners buying coverage and just under 10% of commercial building covered, according to Morgan Stanley. (Photo: Shutterstock)

Over the Fourth of July holiday weekend, a series of earthquakes hit near the southern California town of Ridgecrest, approximately 150 miles south of Los Angeles.

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