Interesting Photos

Wasn't there a movie about a gal (Mary Surratt) that was hung that had little to nothing to do with it.

At the time, I was a Claims Adjuster for the largest Home and Auto Insurer in the country.  Once reports started rolling in of the damage, I talked to my boss and told him I would be up there adjusting claims for 6-8 weeks, so he would have to find someone to cover my desk.

It was sad to see the folks approach us for some kind of settlement but who had no earthquake coverage.  How can anyone live in CA and not carry EQ coverage?  

but it was rewarding to hand a check to a policyholder who had suffered... and there were a lot of them.

Some things a lot of folks don’t know about Earthquake Insurance:

first, it costs very little and, as you suggest, proximity to faults DOES impact the premium you pay.  Although, it really is less expensive because most policies or EQ endorsements have a big deductible (like $10,000):  you’re going to wind up paying that first $10,000, anyway, so if you are fortunate enough to be distant from the quake (depending on the type of quake), in my claims professional opinion, it is a wiser decision to go ahead and pay the premium for the EQ endorsement than go without, especially in California where you can’t swing a dead cat without hitting a fault line.

i am roughly 150-200 miles north of the Madrid Fault (sometimes called the New Madrid fault) and I still carry the EQ endorsement on my policy.

one final thought, in answer to your final question, some years ago, the federal government voted to make EQ insurance similar to the National Flood Insurance in that the individual companies sell the coverage and service the claims, but the settlement money is reimbursed by the Federal Government.  

Dang, MDDad, you guys really DO suck.

I see John Garamendi’s meathooks all over that quagmire.

I am sorry I was not up on todays California insurance!