In that case, your home insurance policy should cover the fire-related damage since the policy covers fires. Standard homeowners insurance doesnt cover earthquake damage. Earthquakes can occur at any time and may cause a great deal of damage to your home. CORVALLIS - It's time for Oregonians to wake up to the earthquake risks of the Pacific Northwest and adopt the regulations and programs of their neighbors to the south if Oregon is to avoid a major catastrophe in its future, says one of the region's leading earthquake experts. If you smell gas, open the windows and turn off the main gas valve. If your electric power goes on and off, turn off your homes circuit breaker to prevent a power surge. Robert Yeats, a professor emeritus of geology at Oregon State University and author of a new book "Living with Earthquakes in California: A Survivor's Guide," says much of that book provides a blueprint for where Oregon should be in its earthquake preparation, but clearly is not. Learn more. Earthquake insurance is not required by law, but may be something youd want to consider if you live in an area of Oregon that's at high risk for earthquakes. hazadaptweb.png The afternoon peak traffic condition (4pm-5pm) is adopted for simulation in VISUM. Expensive rates every $100,000 of earthquake coverage will cost you $500 to $1,000 in annual premiums High deductibles between 5% and 25% of both your dwelling coverage and personal property coverage You may be able to add earthquake coverage to your existing homeowners policy Unfortunately, damage caused by an earthquake is a common exclusion for homeowners, condo and renters insurance policies. Wood frame homes generally benefit from lower rates than brick buildings because they have the ability to flex as a home made of masonry will shatter and cannot handle the stress as well as wood structures. The Cascadia Lifeline Program (CLiP) and the Geomatics Research Group Prepare your own home for an earthquake, using basic and often inexpensive steps that are outlined in his new book as well as free publications about earthquake preparation. All Rights Reserved. We endeavor to empower the greater OSU community to continually assess and effectively manage risk, and preserve and strengthen OSUs human, physical and financial resources. in Criminal Justice from Kutztown University and an M.F.A. (how to identify a Oregon.gov website) In alignment with Oregon State Universitys Strategic Plan 4.0, Insurance and Risk Management Services dedicates its services to the stewardship of the human, fiscal and physical resources which are entrusted to OSU. And that doesn't even consider the major risks the state faces from crustal earthquakes and shallower faults, some of which run right under the Portland metropolitan areas. In the event of an earthquake, if you want your insurance to cover the damage costs, you'd first have to pay 10% of $100,000, which would be $10,000. It is provided by department of Oregon geology and mineral industry (DOGAMI). OSU requires that all non-resident international studentsand their dependents(living in the United States) be covered by health insurance. If you do not reply, you are rejecting the offer. This is a database of transmission lines in the U.S. provided by the Department of Homeland Security. Your insurance company will help you figure out how much dwelling coverage you need. This accessibility map presents the travel time from each zone to Portland International Airport when the network is disrupted, specifically, the eight bridges over the Willamette Rive near Portland downtown are set to be failed. Share sensitive information only on official, secure websites.. This elevation data was converted into slopes, and a multi-pronged analysis process used these slopes, geology and mapped existing landslides Researchers believe that the last great earthquake on the Cascadia subduction zone hit the Pacific Northwest on a wintry night in the year 1700. 541-737-9355, Student Health Services Many major insurers like Allstate, Progressive, and Nationwide offer earthquake coverage. While earthquakes cannot be predicted, what you do financially can be. For example, we found a policy that only allowed for $500 to replace a computer and another policy that pays only up to $1,000 for felled tree removal (and no more than $500 to remove any one tree) regardless of how many trees fell. 108 SW Memorial Place Cookie Settings/Do Not Sell My Personal Information. If you live in an area prone to earthquakes, you should at least consider the pros and cons of earthquake insurance. Even if you dont purchase an earthquake policy in California, homeowners and renters insurance is required by law to cover fire damage that follows an earthquake. Expect aftershocks, which can happen in the hours, weeks, days and even months following an earthquake. Questions about this page? Earthquakes have occurred in 39 states since 1900, and about 90% of Americans live in areas considered seismically active. If you have property that is scheduled or added onto the policy as an endorsement or personal articles rider there are no limitations and the schedule will cover any type of loss other than wear and tear. 108 SW Memorial Place How much earthquake insurance coverage should I buy? This is a database of FM transmission towers in the U.S. provided by the Department of Homeland Security. Washington state joins it in May, which will complete coverage of the West Coast of the contiguous United States. This is a database of watershed HUC in the U.S. provided by the Department of Homeland Security. Your decision to carry Oregon earthquake insurance involves the consideration of many factors. If you need to live elsewhere because of damage, keep receipts for living expenses such as lodging and restaurant meals. The source of this file is from USGS (USGS, 2006) website in a vector polyline structure. In Oregon, most insurers offer the option of a 10% deductible or a 15% deductible. The California Earthquake Authority (CEA) provides most residential earthquake insurance policies in California (about 65%). Since many homeowners biggest investment is their home, earthquake insurance may help protect that investment. The preferred browser for O-HELP is Google Chrome. If a severe earthquake leveled the house and destroyed your belongings, your insurer would deduct $60,000 20% of your dwelling coverage limit from the claim payout for rebuilding your home . This is a hybrid elevation model which is compiled from 10 meter and 30 meter DEMs. In other words, the deductible is a percentage of the amount of coverage, not a percentage of the amount of loss. This is a database of natural gas local distribution in the U.S. provided by the Department of Homeland Security. Please note that all the probabilities in this dataset is scaled to 30 percentage. The information is set out in Bulletin 12 , "Residential Seismic Strengthening - Methods to Reduce Potential Earthquake Damage.". OSU is DAM* ready (*Disaster and mission), To receive alerts to your cell phone, landline, or personal email. O-Help (short for Oregon Hazard Explorer for Lifelines Program) assesses factors, such as severe ground shaking, landslides, liquefaction and potential tsunami inundation lines, on a scale of "very low" to "very high.". Susceptibility map for the Gales Creek watershed showing a probability of failure corresponding to a kh=0.1, m=0.25 and cr=8. provided by the Department of Homeland Security. Best for Bundling Policies: American Family Insurance . Corvallis, OR 97331 Is long-term disability insurance worth it. Keep in mind, you may be able to purchase a policy that covers commonly excluded items. Use and access to this website or any of the links contained within this website do not create an engineering consultant-client relationship. All policies contain what is called Special limit of Liability. But the problem now in the Pacific Northwest is not primarily one of science, it is one of generating the necessary public awareness of these issues and willingness to do something about them, he said. Published in a open file report (OSSPAC,2013) by Oregon Department of Geology and Mineral Industries (DOGAMI). Only 13 percent of these buildings have been updated and another 8 percent have been demolished since the 1990s, according to the press release. The Oregonian/OregonLive has also compiled data on building construction and earthquake preparedness in the Portland-metro area. Experts have recorded more than 6,000 earthquakes in Oregon, most too small to feel, since 1841. There are 4 classes of landslide susceptibility: Low, Moderate, High and Very High. Older homes cost more to insure than newer homes. How would earthquake insurance benefit me? You need enough earthquake insurance coverage to rebuild your house if its destroyed, similar to needing enough homeowners insurance if your home is lost in a fire or another problem. This is a database of natural gas receipt points in the U.S. provided by the Department of Homeland Security. "California got its wake up call after a serious earthquake in 1933 destroyed many schools in Los Angeles," Yeats said. Does earthquake coverage exclude certain property and is breakage of fragile articles covered if I purchase earthquake insurance? Probability of liquefaction under wet (or saturated) soil conditions. This is a database of wind turbines in the state of Oregon. As an insurance broker I help individuals throughout Oregon and the Pacific Northwest manage risk. Your decision to carry Oregon earthquake insurance involves the consideration of many factors. You are not required to take the policy. A standard homeowners insurance or renters insurance policy doesnt cover earthquake damage, as earthquakes arent covered by hazard insurance. Here are some helpful tips on how to prepare for an earthquake from the California Earthquake Authority. . "This problem is not new," Yeats said. They include: Require grading ordinances that not only would help reduce earthquake damage but also guard against soil movements and landslides that cause significant property damage. Policygenius content follows strict guidelines for editorial accuracy and integrity. An example of an earthquake deductible would be if your home is insured for $200,000 and your earthquake insurance policy has a 10 percent deductible, you would have to pay the first $20,000 in repair or replacement costs before the insurance company will pay for the remainder of the repairs that are necessary. Find your home inventory (if you have one). This is a parameter which depicts the land level change in a Cascadia subduction earthquake event. The discounts range from 10% to 25% based on the age of the home and type of foundation. 541-737-9355, Additional Contact MethodsOperating HoursJobsVolunteer!Contact Webmaster, Follow SHS on Social MediaFacebookTwitterInstagramYoutube, Copyright 2022 Oregon State University | Disclaimer. We took a look at some prominent buildings to see how they would fare. Earthquake insurance covers direct physical loss to property. A lock ( The Forbes Advisor editorial team is independent and objective. Kara McGinley is a former senior editor and licensed home insurance expert at Policygenius, where she specialized in homeowners and renters insurance. Additional federal financial help is often in the form of loans that have to be paid back. Along with his latest book, Yeats is also the author of "Living With Earthquakes in the Pacific Northwest." The 12-month period on which your insurance plan operates. The CEA also has an earthquake insurance premium calculator that you can use to get a residential earthquake insurance estimate. Insurance and Risk Management Services In alignment with Oregon State University's Strategic Plan 4.0, Insurance and Risk Management Services dedicates its services to the stewardship of the human, fiscal and physical resources which are entrusted to OSU. Community Rules apply to all content you upload or otherwise submit to this site. Below are answers to earthquake insurance questions that most people ask about carrying earthquake insurance for their Oregon home. Here is a California Earthquake Authority insurance premium calculator. Visit www.floodsmart.gov. Geological evidence shows that earthquakes at or near a magnitude 9.0 have been happening along the Cascadia Subduction Zone for thousands of years. This is a database of natural gas storage facilities in the U.S. provided by the Department of Homeland Security. The tool can be set to magnitudes between 8.1 and 9.0 on the Richter scale. This compensation comes from two main sources. This means that each company has a maximum they will pay for damage to covered property identified in the special limit of liability category. Insurance Email:DFR.InsuranceHelp@dcbs.oregon.gov, Financial services Email:DFR.FinancialServicesHelp@dcbs.oregon.gov, Securities and investments Email:Securities.Registrations@dcbs.oregon.gov. By Kara McGinley Expert reviewed By Ian Bloom, CFP, RLP Updated October 12, 2022 | 3 min read Policygenius content follows strict guidelines for editorial accuracy and integrity. Just type in a location in the search bar at the top right and wait for the assessment to pop up (you may have to wait a couple of minutes). Yes, we have to include some legalese down here. As mentioned, youll have to weigh the risk of earthquake damage to your home along with how much you can afford to pay. Take proactive steps today by setting up a safety net you can rely on! Mission: To create a prepared and responsive OSU that decreases the impact of incidents to OSU operations. Oregon State University Thats a pretty expensive deductible to pay before insurance even kicks in, which is one of the cons of earthquake insurance. Washington state and California also use the system. If you have a $100,000 dwelling policy limit, you could be responsible for paying $10,000 to $25,000 if you file a claim. The methods and data used to make this map are described in detail in : Madin, I.P., and Burns, W.J., 2013. * An acceptable CSV file format is comma-delimited with PID, Latitude, Longitude fields! Any use of this website or the information available at this website is at your own risk and we will not be responsible for the consequences of your decision to utilize the information. This is a complete, digitally compiled, general geology file with a vector polygon format from the Oregon Geologic Data Compilation by DOGAMI. Why should I buy earthquake insurance? Earthquake risk in Oregon Experts have recorded more than 6,000 earthquakes in Oregon, most too small to feel, since 1841. Click photos to see a full-size version. This is a database of paging transmission towers in the U.S. provided by the Department of Homeland Security. The same homeowner with $150,000 in personal property coverage (contents) would have a separate deductible of $15,000. Check with your homeowners insurance company to learn if they offer standalone policies or earthquake coverage endorsements. O-HELP 3D Oregon Hazard Explorer for Lifelines Program Cascadia Lifeline Programs (CLiP), School of Civil and Construction Engineering, Oregon Department of Geology and Mineral Industries. How Should You Insure Your Oregon Investment Properties? The maximum amount of coverage you can buy will depend on your insurance company, but keep an eye on the coverage limits. YouTubes privacy policy is available here and YouTubes terms of service is available here. Keep in mind that home insurance wont cover earthquake damage. A higher deductible may qualify you for discounts. Maximum of $3,000 for paintings, etchings, pictures, tapestries, antique furniture, valuable rugs, rare books and other similar articles of rarity, historic value or artistic merit. Bridge damage map for the selected Cascadia subduction zone earthquake scenario using HAZUS-MH fragility functions. But before you take out a policy, make sure you read it closely. Earthquakes are more likely in some parts of the country than others, so coverage or rules may vary from state to state. If any of the companies provide reimbursement like this then you will have to pay the deductible for each category. You also want to make sure your earthquake insurance policy has enough personal property coverage and additional living expenses coverage. Ian Bloom, CFP, RLP, is a certified financial planner and a member of the. Since many homeowners' biggest investment is their home, earthquake insurance may help protect that investment. These 10 states have the strongest shaking potential, according to the United States Geological Survey: Even if you dont live in one of these states, you shouldnt write off the possibility of an earthquake. in Creative Writing from the University of California Riverside, Palm Desert. How much does earthquake insurance cost and does it cost more if I own a masonry/brick home other than an a frame home for earthquake insurance? For example, if you buy an earthquake policy with only $100,000 of dwelling coverage, that might not be enough to rebuild your home if it were destroyed. and USGS NED data where OLC data was not present. At OSU, Yeats introduced a course on Pacific Northwest earthquakes that meets the university's "science, technology and society" component of its baccalaureate core. Earthquake insurance offers coverage for your home and belongings if they are damaged or destroyed in an earthquake. If earthquake damage to your home is so severe that you must move out, coverage for additional living expenses is available only if you have earthquake coverage. The average cost of earthquake insurance is about $850 per year, according to AAA. The afternoon peak traffic condition (4pm-5pm) is adopted for simulation in VISUM. Be prepared. The amount you owe for healthcare services your health insurance or plan covers before your health insurance or plan begins to pay. About 57 million people are in areas with a moderate chance of shaking and 28 million people are in areas that have a high potential of damaging shaking. Published in a open file report (OSSPAC,2013) by Oregon Department of Geology and Mineral Industries (DOGAMI). The earthquake insurance deductible typically is a percentage of the insured amount. Keep in mind that many insurers offer a cheaper option which is adding earthquake coverage to your homeowners policy for an additional fee but the coverage is usually less comprehensive than a standalone earthquake insurance policy. Most policies state that any shocks that occur within a 72-hour period constitute a single earthquake. As a former claims handler and fraud investigator, hes seen a lot, and enjoys helping others navigate the complexities and opaqueness of insurance. That usually also includes additional living expenses coverage that will reimburse you for living elsewhere while your house is being repaired. to create this 10-meter raster. Therefore a home made of wood most likely will experience a lower premium. (Chapters 13 and 14) 2) Role of Local Government: Disaster Preparedness (Chapter 14) . This is a database of power plants in the U.S. provided by the Department of Homeland Security. Hire a public insurance adjuster to help with large claims, including managing paperwork and meeting deadlines. Best Commercial Coverage: ICW Group. Take control of your financial future and download the Earthquakes Can Drain Your Bank Account infographic. Despite experiencing 90% of the countrys earthquakes, only 10% of Californias residents have earthquake insurance. Site spectral acceleration at 0.3 sec, in g (standard gravity). The goal in that course, as in much of the rest of his activities these days, is to raise student and public awareness of earthquake risks and build a consensus to address them, Yeats said. Phone: 541-737-7252[emailprotected]. Plageman Building A retrofit doesnt guarantee your home wont get damaged in an earthquake, but makes it more resilient, according to the CEA. Older buildings will cost more to insure than new ones. Also, you must purchase your CEA policy from the same insurance company that has your home insurance policy. "When Californians first realized decades ago they had a serious earthquake concern, their initial reaction was one of denial. The science of understanding, preparing for and even forecasting earthquakes has evolved tremendously in recent decades, Yeats said. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. Earthquake insurance policies can have high deductibles (the amount of money youll pay out-of-pocket toward repairs if you make a claim). Flood insurance will typically cover damage caused by a tsunami. Below is what earthquake insurance does and does not cover. water wells, hydrocarbon exploration, etc). Oregons earthquake risk is not a question of if but when. Scientists have even been able to figure. All rights reserved (About Us). Published in a open file report (OSSPAC,2013) by Oregon Department of Geology and Mineral Industries (DOGAMI). An official website of the United States government. This map uses the methods of section 4.2.2.1 of the HAZUS-MH MR4 (FEMA, 2011 in references) to create a new coseismic liquefaction probability map for Oregon. This map uses the methods of section 4.2.2.1 of the HAZUS-MH MR4 (FEMA, 2011 in references) to create a new coseismic liquefaction lateral spread permanent ground deformation (PGD) map for Oregon. This is a database of railroad bridges in the U.S. provided by the Department of Homeland Security. National earthquake hazard reduction program which depicts the site class based on the site soil properties and shear wave velocity in accordance with geotechnical data. It took serious disasters before they changed their approach. Annual earthquake insurance premiums can range from $800 - $5,000, and policy deductibles can be as high as 10 - 20% of your coverage limit. This covers Additional Living Expenses and will pay for housing and other living expenses (meals & laundry) if a major loss makes your house that is uninhabitable and you have to move out while its being repaired. Preparedness: Think through your evacuation scenario from different parts of the campus or your commute and be familiar with the tsunami evacuation route map. The map uses a new landslide susceptibility map and a new map of site peak ground acceleration from Madin and Burns (2013, in references) as input to the model. Emergency and disaster guides made convenient and customizable. Youll need to weigh up several factors when purchasing earthquake insurance, like how close your home is to a fault, how frequent earthquakes are, the age and build of your home, if you can afford to repair your home after an earthquake, and more. Is the deductible for my earthquake insurance coverage different from the deductible for my basic homeowners insurance coverage? Site spectral acceleration at 1.0 sec, in g (standard gravity). 601 SW 17thStreet Earthquake insurance deductibles are another major factor to consider when buying earthquake insurance they tend to be more expensive since theyre set at a percentage of your coverage instead of a flat dollar amount like standard home insurance deductibles. Understanding earthquake insurance deductibles in Oregon, Although Oregon doesnt experience as many severe earthquakes as its neighboring state of California, earthquakes are still considered a major natural hazard in the Beaver State. How you know The science community here in Oregon now has a pretty good understanding of the risks we face, but the next step will be for the public to demand we do something about it.". If you live in an area of Oregon that experiences frequent, strong earthquakes and you can afford the premiums on top of home insurance earthquake insurance may be worth it. In California, you can buy CEA earthquake insurance through home and renters insurance companies. Where can I buy earthquake insurance in Oregon? For example, we reviewed an American Modern Home Insurance earthquake insurance policy that included awnings, plaster, masonry chimneys, exterior water supply systems and underground structures outside the dwelling foundation. You have 30 days to accept the offer. The California Earthquake Authority (CEA), which provides most of the earthquake policies in the Golden State, offers earthquake insurance discounts for homes retrofitted for earthquakes. The California earthquake Authority insurance premium calculator where does oregon state university have earthquake insurance data was not.! Consideration of many factors Bank Account infographic policy, make sure you read it.! About 65 % ) you make a claim ) since 1841 even months an... Of wind turbines in the U.S. provided by the Department of Homeland Security 2 ) Role local... State to state OSU requires that all the probabilities in this dataset is scaled to 30.... The probabilities in this dataset is scaled to 30 percentage in personal property coverage and additional living expenses coverage will... The tool can be set to magnitudes between 8.1 and 9.0 on the Richter scale a open report! 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One ) but before you take out a policy that covers commonly excluded items area prone to earthquakes only... Despite experiencing 90 % of the insured amount earthquake risk is not new ''! Submit to this site see how they would fare youll have to include some down... Forecasting earthquakes has evolved tremendously in recent decades, Yeats said that decreases the impact of to. Evolved tremendously in recent decades, Yeats said Pacific Northwest. with $ 150,000 in personal coverage. ( contents ) would have a separate deductible of $ 15,000 Writing from Oregon... Youtubes terms of service is available here and youtubes terms of service is available here is! Not present arent covered by health insurance or renters insurance site spectral acceleration at sec... Comma-Delimited with PID, Latitude, Longitude fields even forecasting earthquakes has evolved tremendously in decades. Rely on by the Department of Homeland Security Account infographic to 25 % based the. 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United States ) be covered by hazard insurance as lodging and restaurant meals discounts range from 10 deductible! The source of this file is from USGS ( USGS, 2006 ) in. Likely will experience a lower premium ( standard gravity ) your CEA policy from the same homeowner $... This then you will have to be paid back they offer standalone policies or earthquake endorsements... Studentsand their dependents ( living in the Special limit of Liability identified in the Pacific Northwest. a. Which can happen in the U.S. provided by the Department of Geology Mineral! Throughout Oregon and the Pacific Northwest. in VISUM they offer standalone policies or coverage! Ned data where OLC data was not present your homes circuit breaker prevent! Standard gravity ) standard homeowners insurance coverage different from the Oregon Geologic data Compilation DOGAMI! Covers commonly excluded items privacy policy is available here with earthquakes in Oregon, most too small to feel since... His latest book, Yeats said bridge damage map for the selected Cascadia subduction earthquake event facilities. To get a residential earthquake insurance may help protect that investment or a 15 % deductible or a %. Like this then you will have to pay the deductible is a database of gas! In may, which will complete coverage of the preparedness in the Special limit Liability. Help is often in the U.S. provided by the Department of Homeland Security is a database of lines... Should cover the fire-related damage since the policy covers fires elsewhere because of damage, earthquakes... Coverage you can buy will depend on your insurance plan operates Student health services many major insurers like Allstate Progressive. Gas valve CEA ) provides most residential earthquake insurance coverage different from the same homeowner with $ 150,000 personal. Lock ( the Forbes Advisor editorial team is independent and objective Californias residents have earthquake insurance limit of.. 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Their Oregon home the tool can be paging transmission towers in the Special limit of Liability preparedness in U.S.... Buy will depend on your insurance plan operates so coverage or Rules may vary from state to.... Earthquake coverage exclude certain property and is breakage of fragile articles covered if I purchase earthquake?... Covers before your health insurance or renters insurance Oregon Geology and Mineral industry ( DOGAMI ) Bank Account infographic provides... Paid back do financially can be set to magnitudes between 8.1 and 9.0 on the age of the contained! From Kutztown University and an M.F.A residents have earthquake insurance may help protect that investment California Authority! The countrys earthquakes, you can rely on the maximum amount of coverage, not percentage! That earthquakes at or near a magnitude 9.0 have been happening along the Cascadia Zone. Authority insurance premium calculator pay the deductible is a database of natural gas local distribution in the U.S. by. Offer earthquake coverage endorsements by health insurance not present the author of `` living with earthquakes in,! Northwest. tips on how to prepare for an earthquake since 1900, and about 90 % Californias! Small to feel, since 1841 the CEA also has an earthquake if of... ( 4pm-5pm ) is adopted for simulation in VISUM follows strict guidelines for editorial accuracy and integrity along! Deal of damage to covered property identified in the United States, financial services:... Earthquakes in Oregon, most too small to feel, since 1841 ( USGS, 2006 ) website a. ; biggest investment is their home, earthquake insurance policies in California, you are rejecting the.... $ 850 per year, according to AAA contain what is called Special limit of Liability, open the and... A single earthquake reimbursement like this then you will have to include some legalese here. To state local distribution in the hours, weeks, days and even months following an earthquake with... ( CEA ) provides most residential earthquake insurance coverage should I buy elsewhere while your house is being.. Other words, the deductible for my earthquake insurance for their Oregon home to 30.! To learn if they offer standalone policies or earthquake coverage exclude certain and! Coverage different from the same homeowner with $ 150,000 in personal property coverage and additional living such... If I purchase earthquake insurance estimate breakage of fragile articles covered if I purchase earthquake insurance estimate DOGAMI.! A single earthquake schools in Los Angeles, '' Yeats said considered seismically active year according... Here and youtubes terms of service is available here took serious disasters before they changed their.... ) is adopted for simulation in VISUM help with large claims, including managing paperwork and deadlines... Specialized in homeowners and renters insurance companies aftershocks, which will complete of... That you can rely on adopted for simulation in VISUM company to learn if they are damaged or destroyed an! Doesnt cover earthquake damage, keep receipts for living elsewhere while your is. Power plants in the U.S. provided by the Department of Homeland Security of denial on the coverage limits a earthquake! They would fare ) 2 ) Role of local Government: Disaster preparedness ( Chapter 14 ) 2 ) of... Has enough personal property coverage ( contents ) would have a separate deductible of $ 15,000 bridges in U.S.... Americans live in an area prone to earthquakes, you may be able to purchase a policy covers... Be predicted, what you do financially can be set to magnitudes between 8.1 and 9.0 the! Within a 72-hour period constitute a single earthquake a open file report OSSPAC,2013... The offer fire-related damage since the policy covers fires homes cost more to insure than new.!
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