If you live anywhere along the West Coast, chances are you’ve felt the ground suddenly lurch beneath your feet, windows shake violently, and items fly off shelves, crashing to the ground—all of which leave you more than a little shaky yourselves. Fortunately, you can stay on solid ground with HDA Insurance’s residential and small commercial earthquake insurance policies. Why HDA Insurance?
Earthquake Insurance isn’t ideal for everyone; it is a catastrophic product geared towards homeowners with sizable equity who wish to protect their assets from earthquake damage. It is most ideal for customers who have paid off their homes and least ideal for homeowners with no equity.
Earthquake Insurance premium varies greatly between deductible options; the deductible is a percentage of the coverage afforded on the policy and not related to a presented claim or value of damage.
Homeowners are urged to view the risk of earthquake on a long-term basis when calculating deductible options. It is more likely to suffer the consequences of a catastrophic earthquake over a span of 10 or 20 years rather than simply focusing on the next year.