[GrandMan]

I live in an area that is said to have the "big one" hit soon, but the cost is $480 a year with a $36,000 deductible. It's a wood frame house, so could that much damage possibly occur from an earthquake? Is it worth it?

[kidsgalore]

Just get state farm insurance...LIKE A GOOD NEIGHBOR STATE FARM IS THERE....this is true! SHAVE YOUR HEAD!

[gchernya2001]

If you live on a fault line then yes.... or a volcano...

[2fine4u]

Personally I think it is. You never know when and how big the next earthquake might be. It will cost you quite the amount of money, but I'm sure that you'll be happy you had it if an a major earthquake ever happens.

[Andy]

How much damage could possibly occur from an earthquake? Well, the whole house could be destroyed. So, value of the house (as in cost to rebuild) plus debris removal, figure an additional 10%.

Is it worth it? You'll NEVER KNOW, except in hindsight. You will NEVER NEED IT, until the big one hits. Then it will be too late.

Just like life insurance. You don't NEED it, until you die - then it's too late to buy it.

[Nadine t]

Certainly. $36,000 is not much when compared to the replacement cost for a new house. Remember, you would be responsible for the mortgage payments and removing the debris and rebuilding.
I personally, would be sure to have the insurance in place and limit my costs.