Earthquake Insurance

What You Need To Know About Earthquake Insurance In Oregon

Lasting no more than 30 seconds on average, these seismic events can inflict massive damage to homes and properties. Surprisingly, only a small fraction of homeowners opt for earthquake insurance, with studies revealing that a mere 10% of residents in California, a state highly susceptible to earthquakes, have this type of coverage. As your home insurance agent in Oregon and Washington, we recommend earthquake insurance for your home.

In the aftermath of an earthquake, homeowners are often left to deal with the consequences, especially if they lack earthquake insurance. Standard homeowner policies typically exclude coverage for earthquake-related damage. This exclusion leaves homeowners responsible for the daunting tasks of repairing or rebuilding their homes, replacing damaged property, and covering temporary housing expenses during the restoration process.

The Pacific Northwest is a high-risk seismic area and anyone who owns a home, condominium, or rents a property should seriously consider the benefits of purchasing earthquake insurance.

Depending on your level of coverage, earthquake insurance can include:

Dwelling coverage
Personal property coverage
Additional living expenses (ALE) or loss of use coverage
Other structures coverage
Landscaping coverage

Some individuals may believe that government assistance programs, like the Federal Emergency Management Agency (FEMA), will adequately support them after an earthquake. While FEMA and similar services offer short-term relief, they do not provide financial assistance for repairing or replacing damaged property. Relying solely on these programs leaves homeowners with substantial financial burdens in the aftermath of an earthquake.

For those considering earthquake insurance, getting a quote from an independent insurance agent can help you navigate multiple insurance providers to find the most suitable coverage at competitive prices. This approach allows homeowners to make informed decisions about protecting their properties from the potentially devastating consequences of earthquakes. Remember, the Pacific Northwest is an earthquake-prone area. Let one of our licensed agents provide you with an earthquake insurance quote today.