Many homeowners struggle with how much home insurance they should buy. No one wants to pay for more coverage than necessary, but being inadequately insured can result in significant financial burden. When shopping around, you will find numerous types of protection available, making it challenging to determine which options are most suitable for your specific needs. One additional expense that’s worth considering is earthquake insurance. Although some states are more prone to them than others, earthquakes have the potential to hit anywhere. Below is some insight into why this may be one of the smartest purchases you make.

What to Know if You’re Thinking About Adding Earthquake Coverage to Your Home Insurance

What Kind of Damage Can Earthquakes Cause?

Aside from the obvious threat of total destruction, earthquake activity poses a wide variety of risks to your home. It’s helpful to understand some of the more common damages they can cause and what exactly you would be protecting by adding this to your home insurance policy. Normal home insurance covers structural damages that can put your safety in jeopardy, damage to your landscaping, fires, explosions, and gas leaks. The costs related to earthquake damage can be enormous, and without coverage you would be responsible for paying to repair or replace your home out of pocket.

What Does Earthquake Insurance Cover?

Earthquake coverage varies from one policy and provider to the next. However, most will cover damage to your dwelling and the replacement costs for your personal possessions. In many cases, coverage will also include additional living expenses if an earthquake renders your home inhabitable and you’re forced to pay for somewhere else to stay while repairs are being made. As with any home insurance policy, earthquake endorsements have limits on how much you can receive to repair or replace your home and belongings.

Home insurance policies are not one-size-fits-all, so you should carefully consider all of your coverage options and customize a plan that will provide sufficient protection. If you need help figuring out whether or not earthquake insurance is right for you, contact Kramer-Myers & Werring-Dickerson Insurance. Since 1960, they have provided the residents of Batavia, OH, and all of Clermont County with quality products at competitive rates, and they can be entrusted to uphold your best interests. Call (513) 732-1461 to speak with an experienced agent, or visit their website to request a quote.