Millions of people in 42 states are at risk for earthquake damage, but very few have insurance to protect them, according to data from Triple-I.
Earthquakes in the United States aren’t covered by standard homeowners or business insurance policies. Damage caused by earthquakes, such as fire or water damage to burst gas lines or water pipes, is likely covered by standard policies, though. And policyholders could still file claims for business interruption or for additional living expenses, if needed.
But coverage for structural damage, broken items or anything else that occurred due to the earthquake requires the purchase of either an endorsement to an existing policy or a separate earthquake insurance policy.
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Corey Dahl
Corey Dahl is assistant editor with PropertyCasualty360.com. Reach her at [email protected].
