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A boy examines cars trapped beneath a collapsed carport at Charter Oaks apartments in Napa, Calif., following Sunday's earthquake. (AP Photo/Noah Berger)

Only 10% of homeowners in California have earthquake insurance, even though the state is most at risk for damaging earthquakes, says CNN Money. According to the article, here are three reasons why the majority of Californians don’t have earthquake insurance:

1. The deductible isn’t worth the money. Earthquake insurance generally comes with a deductible of 15% of the home’s value, John Rundle, a professor of physics at the University of California, Davis, tells CNN Money. According to Rundle, most homeowners will never exceed the deductible, even if they do get earthquake damage.

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