Do You Need Earthquake Coverage?

Even if your mortgage is paid and homeowner’s insurance isn’t “required” anymore, basic homeowners insurance is a great way to ensure that the equity in your home will never be lost due to basic unforeseeable accidents.  Things like fire, hail damage, wind damage, and other weather events are covered on your policy.

However, if you are more concerned about your property or live in a low-lying area or by a body of water, then flood insurance may be purchased for added security.  

But a commonly overlooked policy deals with earthquake losses.  Earthquakes?  In Kentucky? Did you know there have been a couple hundred quakes in the last 120 years?

Here are the numbers, according to Volcano Discovery:

QUAKES SINCE 1900:

• 7 quakes above magnitude 5
• 64 quakes between magnitude 4 and 5
• 197 quakes between magnitude 3 and 4

Your insurance agent can add earthquake coverage to your home policy. There is a higher deductible than your regular policy perils, so be sure to find out about all the details!

https://www.volcanodiscovery.com/earthquakes/kentucky/largest

https://www.volcanodiscovery.com/earthquakes/kentucky/largest.html#:~:text=Since%201900%2C%20Kentucky%20has%20had,in%20the%20past%2024%20hours!