If you’re updated with the current news, you should know that it is important to have coverage for an earthquake incident. What happened to Haiti is totally devastating and frightening at the same time. We are not saying we should all get paranoid about it but it always better to be prepared. Other than learning about the security measures you should practice during and after an earthquake, it is also important that you get coverage that would protect your investments. Check with your home insurance provider if it is included in your regular home insurance plan. Most of the times, this coverage should be availed separately.

In most states, private insurance companies offer earthquake insurance. In California, the state has joined with private insurance companies to create an insurance fund that offers limited residential earthquake coverage. The California Earthquake Authority (CEA) works with private insurance companies to provide earthquake “mini-policies” to help homeowners repair and rebuild their homes.

The shaking of a powerful earthquake can damage the structure of a home in so many ways; concrete slabs and foundations can crack. If the structural damage is serious enough, the property can be condemned even if it is left standing. Structural damage due to an earthquake’s shaking is not covered by traditional home owner insurance that’s why we strongly recommend that you get a special coverage for it.