Minor shakes and rattles may not cause much anxiety among West Coast residents who live along a series of earthquake faults. But being underinsured for possible earthquake damage to your home could threaten your financial security. If you haven’t checked your homeowner’s policy lately, take a closer look.
The Pacific Northwest Seismograph Network records more than 1,000 earthquakes every year. Residents actually feel the rumbling effects of 24 of those quakes every year.
Federal Emergency Management Agency (FEMA) officials say earthquakes over time have cost $4.4 billion in the Unites States. FEMA also believes the potential cost of earthquakes will continue to grow as the urban development increases in seismically sensitive areas.
Earthquake coverage usually is not automatically included in a home policy. Instead, such coverage can be purchased as an optional endorsement to an insurance policy.
Earthquake coverage is one of the many solutions that I can offer to protect the things that are most important to you. But it is just a small piece of the financial plan that I can help you put together. With my help, you can create a plan that optimizes your entire financial picture and helps you achieve financial security. Contact me to review your plan.