[joyce a]

I live in California. The quote I got was $150K dwelling, $5K personal property. The deductible is $22,500 and the annual premium is $370. Is this worth it?
My house was built in the 1940s. Are the chances of foundation damage higher?

[Bapboy]

how much is u house worth. 370 not bad deal if u house is least worth more than 500k

[George P. N]

All you have to pay is $400 a year? That nothing considering a good earthquake will probably crack your foundation and/or completely destroy your house making it uni habitable by law.

[Gambit]

that sounds pretty good, but i would defiantly get it. i live in southern California and it is defiantly worth it. even though there aren't earthquakes all the time, it is worth having it there as a backup

[reni768]

No its not really worth it. How long have you been living there in California? If you have been living there for a while you realize that a. earthquakes are very uncommon b. they rarely do damage anyway and c. most structures in California are retrofitted to withstand earthquakes. If you have the extra money go for it but if its gonna be a squeeze i would say to not get it. Also, unless an earthquake totally decimates your house the deductible would probably be more than any damage done.

[Ask M]

It's worth it if you have more than $22,500 of damage in the next earthquake, but it's a waste of money if there is no earthquake. So how can you answer the question of whether it is worth it? It's the same as any insurance. The premiums are always a waste of money unless the bad thing happens, and then you will be very thankful that you paid them. What you get for your money in the meantime is peace of mind. Anyway, this quote sounds pretty good to me.

[agtrhymes2006]

Well that depends what part of California u live in, but the chances of an earthquake here in California if very little almost nothing. Why is Ur deductible to high? usually the deductibles are $500.00.

[sara03july]

deductibles for earthquake are usually a percentage amount. If there would be an earthquake, and your house damaged, can you afford to fix it on your own?? If it wouldn't ruin you, I wouldn't buy it.

[60minutes]

You would have a 15% deductible ($22500), and the insurance is not all that good if you really read into it. It is first come, first serve. So if it is a big one, they will run out of money. And the coverage is as basic as it gets, basically 4 walls and a roof. The personal property coverage is not all that much either. Judging by what is actually a low premium, you are not in a high risk area. The coverage can be attained at any time, insurance companies are required by law to offer it (they may be reluctant as they would have to cancel and rewrite the policy and provide you a new 1 yr policy). Bear in mind coverage tends to be suspended for 15-30 days if an earthquake occur ed anywhere close to you.