Earthquake insurance is a kind of property insurance in NY which handles destruction brought on by earthquakes . Earthquake premiums are determined in different ways by each NY based insurance company and can vary extensively based on a number of factors. Earthquake insurance covers damage caused when the earth shakes or cracks, also known as ground movement.
Earthquakes have been reported in 39 states and caused destruction in every state since 1900, according to the Insurance Information Institute (III.) Earthquakes often create catastrophic damage that can occur without notice. They're probably the most terrifying naturally sourced peril experienced simply because they generally occur without warning or indication.
Coverage for earthquake damage might be available as a rider to existing property insurance if your company provides this endorsement, or can be sought out on a stand alone policy. Though many insurance companies provide earthquake insurance, few of them actively market the coverage due to the large amount of damage that can occur in a condensed area. For information on if you are covered or how to be covered, contact your local NY insurance broker.
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