Earthquake insurance policies include coverage for earthquake related losses and does not provide coverage for losses attributable to other perils that may be covered under your home owner policy.

1. Mark Strauss
Shake, Rattle, & Roll
Architectural Heritage Center
EARTHQUAKE INSURANCE
INDEPENDENT INSURANCE ADVISOR
www.oregoninsuranceadvisor.com
503 – 922 - 4847

2. What Is Insurance?
An agreement in which a person makes regular
payments to a company and the company promises
to pay money if the person is injured or dies, or to
pay money equal to the value of something (such
as a house or car) if it is damaged, lost, or stolen. Merriam Webster

3. Will my existing home insurance
policy provide coverage due to a loss
as a result of an earthquake?

4. No!

5. Earth Movement is
Specifically excluded from
coverage.
Earthquake insurance policies include
coverage for earthquake related losses and
does not provide coverage for losses
attributable to other perils that may be covered
under your home owner policy.

6. The 3 Rules of Risk Management
Rule #1
Don’t Risk More Than You Can Afford To Lose

7. The 3 Rules of Risk Management
Rule #2
Consider The Odds

8. The 3 Rules of Risk Management
Rule #3
Don’t Risk A Lot for A Little

9. What Does Earthquake Insurance Protect?
Earthquake insurance will cover
the following:
Rebuilding your home and other structures
Replacing your personal property
Providing additional living expenses
*You need to verify the policy contract for the protection
being
offered.

10. Insurance Company definition of
‘Earthquake’:
“Means shaking or trembling of the earth, whether
caused by volcanic activity, tectonic processes or any
other cause. One or more earthquake shocks that
occur within a seventy-two hour period shall
constitute a single earthquake.” – Safeco Earthquake Insurance
An “occurrence” means loss to covered property due
to earthquake shocks that occur within a continuous
72 hour period. This would include land shock waves
or tremors before, during, or after a volcanic eruption
as well. After this 72 hour period another seismic
event would constitute the use of another earthquake
deductible.

11. Earthquake Insurance Deductibles
A deductible will apply separately to losses under
the following coverages:
Coverage A: Dwelling
Coverage B: Other Structures
Coverage C: Personal Property
The company will only pay the part of the loss after
the deductible has been met.

12. Earthquake Insurance Deductible Example
If your home is insured for $200,000 and
your earthquake insurance policy has a
10 percent deductible, you would have to
pay the first $20,000 in repair or
replacement costs before the insurance
company will pay for the remainder of
the repairs that are necessary.

13. What does it co$t?
Cost factors include:
 Dwelling construction type
 Dwelling replacement cost
 Deductible chosen

14. Do all insurance companies
provide earthquake insurance?

15. Earthquake Insurance Eligibility
Requirements Might Include:
 Not available on homes built prior to 1950 unless the home
has a new foundation
 It must be bolted to the foundation
 No more than 2 stories
 No more than a 15 degree slope
 Water heater must be strapped to the wall
 The
 The
 The
 The
 The
 The
home
home
home
home
home
home
cannot have an unsecured cripple wall
must sit on ground that meets soil requirements
cannot have a post & pier foundation
has a cement or tile roof
cannot be a log home
cannot be 100% masonry

16. Companies I Represent That Provide
Earthquake Insurance Include:
 Allied Insurance
 Capital Insurance Group
 Chubb Insurance
 Cincinnati Insurance
 Fireman's Fund Insurance
 Foremost Insurance
 GeoVera Insurance
 GuideOne Insurance
 Kemper Auto & Home Insurance
 Liberty Mutual Insurance
 Lloyd’s of London
 Oregon Mutual Insurance
 The Hartford
 Travelers Insurance

17. Do I Really Need Earthquake Insurance?
Consult The 3 Rules of Risk Management
Rule #1: Don’t Risk More Than You Can Afford To Lose
Rule #2: Consider The Odds
Rule #3: Don’t Risk A Lot for A Little