Living in California allows you to enjoy the mild climate and the hundreds of beautiful west coast beaches. However, it also comes with the danger of being caught in an earthquake. California has one of the highest risks of being hit by an earthquake out of all the states in the country. The only way to ensure that your home and belongings are protected from an earthquake is to invest in the right earthquake insurance policy.
Only about 12 percent of homeowners in California have an earthquake insurance, which is way down from the 30 percent of people that had earthquake coverage in 1996.There is no wrong time to invest in an earthquake insurance policy, except when it is too late. If California experiences another earthquake like the 1994 Northridge Earthquake, or the most recent in Napa, more than half of the homeowners in the state will not have the protection needed, leaving them to pay for damages out of their own pocket.
The Northridge Earthquake caused $44 billion worth of property damage, and only $15.3 billion of that damage was insured. As new cities expand into areas that have more seismic activity, the cost of damage from an earthquake is ever rising. Although there is new earthquake technology that is being used to build new homes and buildings, they are not 100 percent guaranteed building techniques. Even the newest buildings have a chance of sustaining damage in an earthquake. If you live in an older home, chances are it does not have any earthquake protection, meaning that your home will have much more damage done in case of an earthquake.
Contact the insurance experts at Agers Insurance Services in Oakley, California for all of your earthquake insurance needs throughout Northern California. We can provide you with the most comprehensive coverage to ensure that you and your home are protected in case of an earthquake.