Many people assume a homeowners policy will cover damage caused by earthquakes, but that isn’t usually true. You would need optional earthquake coverage to help with major expenses like:
The cost of earthquake coverage varies significantly — it all depends on your area’s level of risk. Premiums can be relatively inexpensive if you live where earthquakes are rare, and relatively expensive where they happen more frequently.
Your Farmers agent can review your current coverage and help as you determine whether your home is protected the way you want.
In California, where earthquake insurance is issued by the California Earthquake Authority, you can purchase this coverage through a Farmers agent. If you live in other states, your agent can discuss earthquake insurance options so you can select the coverage that you want.
"We had all the stuff you can't replace in the basement: photos, books, marathon medals," he says. "In 15 minutes, water filled the basement to the ceiling."