09 Apr Should I Bother With Earthquake Insurance?
We are pleased to feature our local business partner below.
Most likely you’ll never need it. But if an earthquake rattles your town, shakes your house and cracks your home’s foundation, you’ll regret not having it.
Earthquakes are a real threat. Last week eathquakes damaged homes in the Orange County area of California. They also create risk here in the Northwest. For example, just last month on March 11th Oregon Live had this to report on a Northwest quake. “A magnitude 5.1 quake has been recorded about 250 miles off the Oregon Coast. Several people reported feeling the quake but there were no immediate reports of damage.”
According to the U.S. Geological Survey, earthquakes pose a significant risk to 75 million Americans in 39 states. “Most earthquakes in Oregon are small in size, but many can produce significant damage at a local level,” notes the Oregon Dept. of Geology and Mineral Industries.
Most people who buy earthquake insurance say it gives them peace of mind.
If you decide to look into earthquake coverage, you’ll find a wide variation. Many earthquake policies only offer minimal coverage for the rebuild of your home, while others have a much more comprehensive coverage for property as well. If an earthquake hits, you’ll want both home and property covered.
When can you purchase earthquake insurance?
Anytime…before an earthquake! You don’t have to wait for a home policy renewal; with most companies you can add it at any time. It’s often inexpensive, and in the event of a damage-causing earthquake, you’ll be grateful to have it.
About Assurety Northwest Insurance & Bonding
Bryan Ludwick is the co-founder and treasurer for Assurety NW and has worked in the insurance industry since 1997. He has a passion for insurance and is committed to continuously strengthen his knowledge, product base, and partner relationships to provide his clients the best insurance options available. With his experience, Bryan brings a masterful understanding of insurance, risk management,underwriting, and cost/benefit planning to his clients and colleagues.
Assurety Northwest is one of the largest and most highly respected privately owned full-service insurance agencies in the Northwest; offering insurance solutions and risk management consultation for
businesses, families, and individuals. Our extensive knowledge, partner relationships, and commitment to staying ahead of the ever changing insurance industry allows us to provide our clients with innovative and effective choices for protecting their most valuable assets.
P. (503) 205-8105
8931 SE Foster Rd, Suite 200. Portland, OR 97266