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eARTHQUAKE INSURANCE

beautiful home with blue siding and stonework

It seems unlikely, but when an earthquake hits, the damages can be astronomical. Particularly for certain states in the US, earthquake insurance is not only recommended but advised. But did you know most homeowner and renters insurance policies do not include earthquake insurance? When you look at the data, that may come as a surprise considering the Midwest alone records a 40% to 63% of chance of earthquakes in the next 15 years. In that event, you want your home and possessions to be covered. At Prichard Insurance Agency, we can walk you the statistics of your geological area and help you consider the best coverage options.

The chances of an earthquake erupting are more likely than you may believe. Most homeowners across the entire US are advised to invest in earthquake insurance based on the recorded facts. Take a look at some of the statics below to factor into your decision on earthquake insurance.

  • In the West – According to the U.S. Geological Survey, there is a 70% probability that one or more damaging earthquakes of magnitude 6.7 or larger will strike the San Francisco Bay area during the next 30 years.
  • In the East – The Earthquake Education Center at Charleston Southern University claims there is a 40% to 60% chance of a major earthquake somewhere in the eastern United States in the next 20 years.
  • In the Midwest – According to the Insurance Information Institute, there’s a 40% to 63% chance the New Madrid Fault (which runs through Arkansas, Kentucky, Missouri and Tennessee) region will suffer an earthquake with a 6.0 magnitude in the next 15 years.

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Fill out the form below for a quick quote on earthquake insurance options with Prichard Insurance Agency.

Finding the right coverage for all areas of your life doesn’t have to be difficult. With Prichard Insurance Agency, we make it easy and tailored to your needs. Get your free insurance quote today!