Earthquake Insurance in Anchorage, AK
Earthquakes are more widespread than most people think; nearly the entire U.S. is at some risk. The West Coast faces close to a 70% chance of a 6.7-magnitude quake or larger, with the East at 40-60% and the Midwest at 40%+.
Earthquake insurance pays out when a quake damages your property, coverage your typical homeowners policy simply doesn't include.
Most policies carry a high deductible, often 10% or more of your home's insured value, so they tend to matter most in a total loss rather than minor damage. Rates vary widely based on earthquake risk maps and construction type, since wood-framed homes generally hold up better than brick ones.
Want to know exactly what's covered and what isn't? Call us at (907) 337-2311 for a free, no-obligation quote.
Frequently Asked Questions about Earthquake Insurance
Is earthquake insurance included in my homeowners' insurance?
No, earthquake insurance is not included in your traditional home insurance policy. You will need a separate earthquake insurance policy to have coverage for damages caused by an earthquake.
Is earthquake insurance worth the cost?
Earthquake insurance can be expensive, so only you can decide whether the insurance is worth it. Like with any insurance, you're offsetting your risk by purchasing the coverage.
Why are earthquake deductibles so high?
Earthquake deductibles can be low in some states, but higher in others. This is due to the likelihood that an earthquake will occur. In states where earthquakes are common such as California, Oregon, Washington, and Alaska, you'll typically only find higher deductible plans.
