When an earthquake occurs, your first reaction should be to obtain safety for you and your family. After the risks are over, you need to start assessing the damage. In some situations, earthquakes cause very little damage and you don’t have to think twice about it. In other cases, the results can be devastating, especially to property owners who may now be facing the inability to live in their home. If you have earthquake insurance, you may be able to get the help you need in situations like this.
How Can Earthquake Insurance Help You?
Standard home insurance policies do not provide extensive earthquake protection. If you live in an area that is considered a high risk for earthquakes (though they can occur in most areas), it is generally important to secure an earthquake insurance policy.
This type of policy can help cover many of the losses earthquakes can cause. That may include making repairs to the structure of your home and replacing belongings that are lost as a result of the incident. Most policies will have an upper limit to the amount of coverage you can receive. However, it is very common for these policies to safeguard most damage if you have a high risk plan.
What happens to you, though? Many times, structural damage to a home can make that space an area you cannot live in until it is repaired. This can be worrisome for families because it means costly out-of-pocket bills while you wait for the repairs to occur or be completed. It can, in some cases, mean months of waiting. The good news is that most earthquake insurance plans can provide you with coverage for living expenses. This includes coverage for your rental fees at a hotel or other space, your meals if you cannot cook at home, and other expenses related to your temporary move.
If you live in an area where there is a moderate or high risk of earthquakes, it is best that you choose this type of additional coverage to protect your home. With the right coverage, you can ensure your family can continue to carry on and recover from such an event, even if you sustain a significant amount of damage as the result of doing so.
Get the protection you need. Call Sweet & Baker Insurance Brokers at (415) 512-2100 for more information on San Francisco earthquake insurance.