If you choose not to protect yourself with earthquake residential insurance, you will be responsible for 100 percent of the costs to replace your belongings and the expense of finding another place to live if your home is damaged or destroyed after a major earthquake. Most earthquake insurance deductibles are between 10% and 15% of the total rebuild value of the home. I know you don't get allot of coverage in an earthquake policy for a renter … However, you may be able to add an earthquake endorsement to your renters insurance … Earthquake insurance for renters is not required in California, unlike automobile liability insurance. If you live on a fault line or near areas that experience fracking, it’s worth purchasing earthquake insurance, and of course, always have a homeowners or renters insurance policy in place. Earthquake insurance might not seem worth it for a few reasons: It’s pretty limited — it only covers earthquakes and volcanoes and very little … So on a $300,000 home, you might face a deductible as high as $45,000. If you live in an earthquake-prone area, you should consider getting earthquake insurance in addition to renters insurance, as renters insurance doesn’t cover damage caused directly by earthquakes. Branch Owner, TWFG Insurance Services, Fremont California and the Greater Bay Area Representing Dozens of Insurance Carriers This is a really good questions. When earthquake insurance isn’t worth it.
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