Typical home insurance policies don’t cover your home and its possessions from earthquakes and floods, for that you will need to get special riders to help protect yourself from damage as a result of flooding or earthquakes. Now, some places aren’t subjected to many (or any) earthquakes but the coverage is relatively inexpensive – as little as $50 a year and could be a smart decision in the event an extraordinary earthquake strikes.
As for flooding, it’s more than just your typical concept of flooding. Heavy rain that causes mud slides or storm surges will usually be considered flood damage. According to some industry experts, one in three flood claims occur in “low-risk” areas!
So the next time you’re reviewing your home insurance policy, consider whether earthquake or flood coverage should be something you have added.
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