Why you need Earthquake Insurance - California
Homeowners' Policies do not cover earthquake damage.
Owning property in one of the most seismically active regions in the country without the proper insurance means your home and valuables will not be covered in case of an earthquake.
You are protected from fire, wind, theft, and plumbing losses. Yet, you still risk losing your home to an earthquake.
Earthquake risk is just as real as other unexpected perils like wildfire. Without Earthquake insurance, your home has a severe coverage gap.
Growing home value means having more at risk.
According to Core Logic’s 2021 Homeowner Equity Report, California homeowners experienced some of the largest equity gains in the nation in 2021, with an average equity gain of $141k.
We expect continued increases in both home equity growth and the risk of a major earthquake. Right now is the time to prepare.
Are you willing to risk losing all of the equity you built in just a few seconds of shaking?
The financial impact of natural disasters is on the rise.
California’s earthquake risk is growing, according to FEMA.
“Recent earthquakes show a pattern of steadily increasing damages and losses, and California has the nation’s highest losses in property damage due to earthquakes.”
FEMA grants don’t take the place of earthquake insurance. Even the maximum assistance provided by FEMA will not cover the full cost of rebuilding a home. It is important to note that FEMA assistance is intended to supplement, not replace, insurance coverage.
Can you afford to rebuild, if you experience a total loss?
Without insurance, can you afford to rebuild when a devastating quake strikes? Replace your personal property? Find another place to live? In addition, to paying off your existing obligations?
GeoVera Earthquake insurance will help you rebuild quickly, provide additional living expenses, and protect your broader financial stability.
We hope you’ll never need our help, but we’re ready if you do.
You worked hard for your retirement.
If you are like most homeowners, you are relying on your growing home equity to provide financial stability in your golden years.
Earthquake insurance can help you retire comfortably.
Earthquakes are completely devastating events for families who lose everything. Don’t risk having to use your retirement savings to recover after an earthquake; buy insurance now.
You can get back on your feet faster.
After a destructive earthquake, having the right insurance can get you back into your home months faster because contractors are more likely to work with earthquake insurance clients first.
Make the decision to purchase earthquake insurance now to be able to go home sooner then.
Expect the unexpected.
Many homeowners think a catastrophe will never hit their neighborhood; until it does.
According to the United States Geological Survey (USGS), there is a 99.7% chance of a magnitude 6.7 or greater earthquake occurring in California in the next 30 years.
History has taught us that a catastrophe can strike anywhere at anytime.
Choose the coverage that fits your budget.
Your home can be protected for less than your daily cup of coffee.
If affordability is a concern, you can choose a policy that covers only the dwelling with a higher deductible and a convenient payment plan to protect your most important asset at a lower cost.
A devastating quake could strike your neighborhood today. Get GeoVera on your side now.
Your earthquake risk is real.
- More than 70% of California’s population resides within 30 miles of a fault where ground shaking could occur in the next 50 years. learn more
- Each year, California generally gets two or three earthquakes large enough to cause damage to structures (magnitude 5.5 and higher). learn more
- Within the next 30 years, there is at least a 60% chance that California will have an earthquake of 6.7 or greater magnitude. learn more
A devastating quake can strike your neighborhood today. You'll want GeoVera on your side when the next quake strikes.
