Looking for Earthquake Insurance in Fayetteville?
When people think of insurance, they think of their house, their car, and possibly life insurance. However, many people don’t think earthquake insurance.
While earthquakes don’t strike regularly, it only takes one minor tremor to cause significant damage to your home’s foundation, resulting in tens of thousands of dollars in damage if not more.
At McNair and Associates, we take protecting your house seriously, and that means leaving no stone unturned.
When we talk about insurance, the entire purpose is to transfer risk to an insurance company, therefore protecting your assets should the worst happen. Since your home is likely your most valuable asset, it only makes sense to explore the benefits of earthquake insurance.
Homeowners insurance does not cover earthquakes
In many states, earthquake insurance is sold as a stand-alone policy, meaning that is does not come as a part of your homeowners policy. Homeowners policies don’t cover earthquakes in any way, so it’s important to understand this catastrophic exclusion that exists in your coverage.
Earthquake Insurance Coverages
Like homeowners insurance, the main duty of earthquake insurance is to protect your home. This means the most important coverage limit on your policy is the “Dwelling Coverage” limit, which is designed to cover the main structure of the home.