Earthquake Insurance

What Does Earthquake Insurance Mean?

Earthquake insurance is a type of property insurance that provides protection against losses resulting from earthquakes. It typically covers both buildings and their contents and, in some cases, also includes coverage for losses caused by volcanic eruptions.

Insuranceopedia Explains Earthquake Insurance

Regions prone to frequent earthquakes have a significantly greater need for earthquake insurance. For instance, in California, it is legally required that insurers offering residential property insurance include coverage for earthquake damage. In most other areas, however, the risk of an earthquake is considered low, making such coverage entirely optional. Other higher-risk states, such as Alaska, Hawaii, Idaho, Illinois, and South Carolina, may also consider earthquake insurance a higher priority.