Today’s earthquakes are a reminder of why earthquake coverage matters
Five earthquakes struck the Northern California coast on June 3. The largest was a magnitude-5.7 off Crescent City, with additional earthquakes ranging from 2.8 to 5.1. The next largest, a magnitude-5.1 earthquake was centered near Petrolia along the Mendocino Fault Zone.
So this series of earthquakes is a reminder that we live in one of the most seismically active regions in the world and that the next significant earthquake is not a question of if, but when.
At GeoVera, moments like today reinforce exactly why our mission of protecting homes in California, Oregon and Washington matters.
Earthquake Coverage
The reality is that most California homeowners don’t have earthquake coverage. They assume their standard homeowners policy protects them, it does not. When a major earthquake strikes, uninsured homeowners are left to rebuild on their own.
If you do not have earthquake insurance or if you are unsure, today is the right time to have that conversation with your agent.
Earthquake preparedness is not just about having an emergency kit. It starts with knowing you’re financially protected if the worst happens.
Protect You and Your Family
- Government-issued alerts for your country or region
- Alerts for imminent threats to safety or life
- Alerts for extreme weather conditions
- AMBER Alerts (America’s Missing: Broadcast Emergency Response)
- Public Safety Alerts
- Additional details provided by the alert originator
Did you know that your homeowner insurance policy does not cover earthquake damage?
Given the risk, now is the time to consider how earthquake insurance will provide the protection you don’t get from your homeowners insurance policy:
- According to a recent three-year data sample, an average of five earthquakes with magnitudes between 5.0 and 6.0 occur yearly in California.
- The probability of an earthquake measuring magnitude 6.7 in the next 30 years is 60% in the Los Angeles area and 72% in the San Francisco Bay Area.
Your home equity continues to grow while the risk of a devastating earthquake increases, too. Are you prepared to lose all of your hard-earned equity in an instant? And if you experience a total loss, can you afford to rebuild? Now (not afterward) is the right time to consider your Earthquake Insurance options.
Why Choose GeoVera?
GeoVera is the premier stand-alone provider of residential earthquake insurance. GeoVera provides innovative insurance solutions in catastrophe-exposed areas and is the longest-tenured provider of residential earthquake insurance.
GeoVera uses a strategic and agile approach to developing impactful and reliable products to keep pace with the rise in natural disasters.
GeoVera has decades of experience managing claims for nature’s worst catastrophes and a financial rating of “A” (Excellent) by A.M. Best Company. We hope you’ll never need our help, but we’re ready if you do. Ask your insurance agent for a quote today.