Do You Need Earthquake Insurance?

Do I Need Earthquake Insurance?

If you live in the Pacific Northwest, earthquake insurance is an important consideration—even if your mortgage lender does not require it. Standard homeowners’ insurance policies typically exclude damage caused by earthquakes, earth movement, or ground shaking.

Earthquake insurance helps protect you from potentially devastating out-of-pocket expenses related to structural damage, personal property loss, and additional living costs after a major seismic event. Coverage is available for homeowners, condo owners, and renters, and policies can be tailored to suit your specific location, soil type, and home construction.

How Much Earthquake Insurance Do I Need?

The amount of earthquake insurance you need depends on several factors, including the cost to rebuild your home, local construction costs, and your risk tolerance. When selecting coverage, you’ll want to consider:

• Dwelling coverage to repair or rebuild your home after an earthquake
• Personal Property coverage for belongings damaged or destroyed
• Loss of Use coverage if your home becomes uninhabitable
• Deductible options, which are often percentage-based rather than flat dollar amounts

An EPB&B agent can help evaluate your home’s replacement cost and guide you through deductible and coverage options, so you’re prepared without overpaying.

Key Earthquake Insurance Coverage Points Include: 

• Helps repair or rebuild your home after earthquake-related damage
• Covers personal belongings damaged by seismic activity
• Provides additional living expenses if you must temporarily relocate
• Can include coverage for debris removal and certain structural upgrades
• Offers protection from major financial loss following a catastrophic event

Common Earthquake Insurance Endorsements to Consider:

Earthquake insurance policies can often be enhanced with optional endorsements to better protect your home and finances. At EPB&B, our Account Managers understand each carrier’s policy details and can help you identify valuable additions.

Common options may include higher personal property limits, lower deductibles, coverage for masonry or unreinforced structures, and supplemental loss-of-use coverage. For condo owners, earthquake coverage can be coordinated with your association’s master policy to avoid gaps. These enhancements can provide meaningful protection when it matters most.