Yes, an Earthquake Could Hit Your Home: So, are You Insured?

Most home owners don’t have earthquake insurance — even Californians. But the fact is a quake could happen most anywhere in the U.S. Are you prepared?

Californians don’t talk about “if” a devastating earthquake will rock the state, but “when” the next big one will happen. To prepare for that eventuality, tomorrow at 10:20 a.m. (PT), more than 8 million Californians will practice “drop, cover, and hold on” maneuvers as part of the fourth annual Great California ShakeOut. An excellent idea.

But what’s not so excellent is the fact that most at-risk home owners don’t have earthquake insurance. Only 12% of California home owners are insured, according to the Insurance Information Network of California. Conventional home insurance policies do not cover earthquake damage.

Another interesting fact: 90% of the U.S. population live in areas where earthquakes could occur, like the 5.8 shake that rattled Virginia in August.

Would you consider earthquake insurance? Why or why not?