Earthquake Insurance

In the wake of Japan's earthquake, my clients are asking me if they should be getting earthquake insurance. I am not an insurance agent, so I would not have all the answers. An article to day in LA Times provides some answers.

Quake coverage worth the cost?

According to this article

• about 12% of the homeowners have earthquake coverage
• insurance is expensive, especially if you have an older home, home that's made of masonry or brick, homes of multiple stories, and homes sit on soil that is less stable deductible is usually a percentage of the home's structural replacement value, typically 10 -15%
• coverage is limited

Talk to your insurance agent, and you can decide for yourself if you need the quake coverage.