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Aftershock: Most homeowners policies don't cover earthquakes

Michael Barclay of Farmers Insurance said it's a misconception that earthquake insurance is already built into homeowner policies.

Posted: Jul 12, 2019 12:42 PM
Updated: Jul 12, 2019 6:24 PM

EUGENE, Ore. -- With the earth still shaking, rattling and rolling in California and Washington, local insurance agents say interest in earthquake insurance is on the rise.

Michael Barclay of Farmers Insurance said it's a misconception that earthquake insurance is already built into homeowner policies.

He said in recent years there have been more people coming into his office asking about how they can make sure they're covered.

Barclay said the cost of earthquake insurance depends on a number of factors, including the age of a home, the materials used to build it, and how close it is to fault lines.

He said on average it can run around $50 or $60 month for earthquake coverage.

He said since earthquakes fall under a catastrophic event they have a higher deductible of around 10 to 15 percent of what you insured your home for.

Barclay said earthquake insurance wouldn't cover any damage caused by a landslide or tsunami that was the result of an earthquake, and homeowners would need a separate policy for that.

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