Earthquake Insurance in Washington from our Kirkland Insurance Agency
Standard Homeowner policies exclude Earthquake Coverage. In order to get coverage, you must either endorse the coverage onto your policy or purchase a second, separate policy.
Earthquake insurance does carry a high deductible. Deductible options include 10%, 15% and 20% of the total insured value of the home, which makes this type of insurance useful if the entire home is destroyed or suffers significant damage, but not useful if the only minor damage occurs. Rates for earthquake insurance vary greatly based off of earthquake maps. Rates can also vary greatly depending what your home is constructed from. Wood homes withstand earthquakes better than brick homes.
Every year, there are news reports that “the big one” is coming. Typically, for the cost of a latte’/day, you could have Earthquake coverage.
To learn more about what earthquake insurance covers and what isn’t covered, please call our offices today at 425-821-1000 for a free, no obligation quote.
Frequently Asked Questions about Earthquake Insurance
Is earthquake insurance included in my homeowners’ insurance?
No, earthquake insurance is not included in your traditional home insurance policy. You will need a separate earthquake insurance policy to have coverage for damages caused by an earthquake.
Is earthquake insurance worth the cost?
Earthquake insurance can be expensive, so only you can decide whether the insurance is worth it. Like with any insurance, you’re off-setting your risk by purchasing the coverage.
Why are earthquake deductibles so high?
Earthquake deductibles can be low in some states, but higher in others. This is due to the likelihood that an earthquake will occur. In states where earthquakes are common such as California, Oregon, Washington and Alaska, you’ll typically only find higher deductible plans.