View Poll Results: Do you have earthquake insurance?
No, its too expensive,
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Voters: 16. You may not vote on this poll
Do you have earthquake insurance?
08-24-2011, 04:36 AM
#1
Thread Starter
Do you have earthquake insurance?
Our little East coast rockin' and rollin' was a surprise to many. We just don't have earthquakes on the East coast, or do we? We do have them, but generally we don't feel them.
Years ago a couple towns over, there was an earthquake. There was structural damage to a home. I can't recall but it was in the 30-50K to repair and they had no earthquake coverage. After that, I added the coverage to our home owner's policy. It might have been $35.00 at the time, it's probably twice that now, but I don't mind spending the $ for some peace of mind..............especially after yesterday.
Many folks don't have earthquake insurance, as, if I understand correctly, if your house goes down due to a gas explosion or fire due to an earthquake, you are covered under the typical coverages.
So do you have earthquake coverage?
Years ago a couple towns over, there was an earthquake. There was structural damage to a home. I can't recall but it was in the 30-50K to repair and they had no earthquake coverage. After that, I added the coverage to our home owner's policy. It might have been $35.00 at the time, it's probably twice that now, but I don't mind spending the $ for some peace of mind..............especially after yesterday.
Many folks don't have earthquake insurance, as, if I understand correctly, if your house goes down due to a gas explosion or fire due to an earthquake, you are covered under the typical coverages.
So do you have earthquake coverage?
08-24-2011, 04:55 AM
#2
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None here, I don't see a need for it. The east coast is situated on a passive margin of the Mid Atlantic Ridge. There's no subduction occurring along the eastern edge of the North American plate, in fact it's diverging from the European Plate, so geological activity such as earthquakes, volcanoes, or seismic waves are very rare.
08-24-2011, 05:11 AM
#4
Thread Starter
None here, I don't see a need for it. The east coast is situated on a passive margin of the Mid Atlantic Ridge. There's no subduction occurring along the eastern edge of the North American plate, in fact it's diverging from the European Plate, so geological activity such as earthquakes, volcanoes, or seismic waves are very rare.
08-24-2011, 06:09 AM
#7
Thread Starter
In our area earthquake insurance is cheap.Look! I found an earthquake smiley!
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08-24-2011, 06:23 AM
#8
I read a book back in the 60's where the author, who was a structural engineer, said that it would only be a matter of time before severe damage to skyscrapers would happen in Boston and New York. He cited the type of soil, the tunneling for subway's/sewer's and fault lines would lead to catastrophic events. I've been trying to find the book online, but I don't remember either the author or the title. The book is at least 50 year's old, so his prediction's were at least not immediate. While searching for the information, I found this which was published in 2006 in the Boston Globe:
http://www.boston.com/news/globe/mag...quake_problem/
http://www.boston.com/news/globe/mag...quake_problem/
08-24-2011, 07:47 AM
#9
Registered User
Earthquake insurance offered to me was in the 4-6 thousand dollar range. I declined. My house sits on rock and when chimneys toppled in Napa a few years ago there were zero effects at my house.
If I lived in the valley or near San Francisco, I would consider it if reasonably priced. I had it in San Jose but had a 10% deductible and never had a claim that was enough to get over that.
If I lived in the valley or near San Francisco, I would consider it if reasonably priced. I had it in San Jose but had a 10% deductible and never had a claim that was enough to get over that.
