How to Shop for Earthquake Insurance

Shopping for earthquake insurance can be a challenge, especially if you don’t know where to start. This article will get into a few points that’ll help you find an earthquake insurance policy that suits your needs best.

Starting with an insurance broker is always recommended. Insurance brokers have access to multiple insurance carriers, many of which have specialty appetites that include earthquake. Because a broker has access to more than one company they are more likely to give you unbiased options versus captive agents that can only offer you one rate.

See if it makes financial sense to retrofit your property. Whether you own a hotel building or a small 600 square foot rental home a simple retrofit can save you as much as 50% on your insurance premium. Do a quick search online and find out how much it costs to retrofit your property, most retrofitting companies offer free estimates. Keep in mind that you retrofit your property for the purpose of protecting it in the event of an earthquake, not just for a lower insurance premium.

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