For some people, this may mean purchasing earthquake insurance to help cover their losses and help them recover quickly. Remember, earthquake insurance is not covered under a standard homeowners policy. Without earthquake insurance, you will have to finance all the losses to your home and possessions by yourself, or rely on the federal government for assistance. For example, you're at higher risk if the soil is sandy or loose or if you live on a fill area. The age of your home.
Older homes are at higher risk for damages.
If you ultimately decide to purchase earthquake insurance, remember that you should buy enough to cover the costs of totally rebuilding your home. The amount of insurance you buy should be based on replacement and reconstruction costs, not the fair market value of your property and possessions. Members of the SC Insurance News Service Speakers Bureau also offer free presentations on a variety of insurance, safety and loss prevention issues, including earthquake insurance.