It appears that at least some policy holders are taking the latter step even though their home is arguably their most valuable financial asset.
Most experts say no.
You've got a family to think about too,'' adds James C. Prendergast, geologist owner of JCP Geologists, Inc. in Cupertino. What the experts suggest is an assessment of the risk to your home in a major quake. That means other risk factors like soil conditions are not considered. Before making any decision on whether not to carry a quake policy, a homeowner should assess just what the risk is to the property. Generally, but not always, the nearer you are to a potential epicenter, the greater likelihood of damage to your home.