Photo courtesy of FEMA. A sports car lies crushed by earthquake debris in a Seattle parking lot in Seattle on March 4, 2001.
In addition to being prepared for the disaster itself, homeowners should be prepared for the aftermath. Step one is talking to your insurance agent about what your policies will cover. Earthquakes are not automatically covered by a standard homeowner’s policy, most insurers require an endorsement or a separate policy. And you likely won’t be able to buy it after the fact, most insurers don’t sell it for a period of time after an earthquake hits. Additionally, it typically doesn’t cover tidal waves or tsunamis that are a direct result of an earthquake, but be sure to read your policy and talk to your insurance agent.
While you are preparing for an earthquake—or wildfire or any other natural disaster—make sure you include insurance in your planning.
- Take a look at the OPB series, Unprepared: Will we be ready for the Megaquake?
- Read about earthquake insurance.
- Find resources for natural disasters.