Commercial Earthquake Insurance

Every day every few minutes an earthquake occurs. Each year there are 2-3 large earthquakes that occur in states like California with a magnitude of 5.5 or higher. That means that another large devasting earthquake like the one in 1994 in Northridge will happen sooner than later. It only takes a 2.5 magnitude quake to cause damages to buildings and structures.

Why is Earthquake Insurance Needed

Earthquakes are as common in California as are palm trees to Hawaii. However, many policyholders do not realize that their current commercial package insurance does NOT cover this type of natural disaster loss. Although not required by law, earthquake insurance can be a financial life saver if and when a large earthquake strikes and severely damages the structure of your home or commercial building.

The main purpose of having earthquake insurance is to cover the main structure of the building. Other coverage such as contents, loss of use, and building code upgrades can be added in with different limits accordingly. The difference between an earthquake policy versus a commercial package policy is that earthquake insurance covers only earthquakes while a commercial package policy will cover fire, theft, vandalism, etc. California has 15,700 faults with over 500 active faults alone which means many counties and cities are at high risk for a large earthquake.

We are here to help

California is notoriously known to have earthquakes, but did you know that every single state in America has experienced some sort of quake of a kind or another? We’re here to help you find the best fit for your needs. Don’t wait before “the big one” strikes. Please give us a call today!