Did you know that almost the entire United States is prone to earthquakes? In fact, in Hawaii we’ve suffered from devastating earthquakes because of our volcanic islands. When the magma pushes its way up to the surface it can cause earthquakes in the surrounding earth. Cover yourself with an Earthquake Insurance policy from Carr’s Insurance!
Earthquake insurance is a form of property insurance that pays the policyholder in the event of an earthquake that causes damage to the property. The typical homeowner’s insurance policy does not cover earthquake loss.
Most earthquake insurance policies feature a high deductible, such as 15%+ of the value of the total insured value of the home, which makes this type of insurance useful if the entire home is destroyed, but not useful if the home is merely damaged. Rates for earthquake insurance vary greatly based off of earthquake maps. Rates can also vary greatly depending what your home is made out of. Wood homes withstand earthquakes better than homes made of brick.
To learn more about what earthquake insurance covers, and what isn’t covered, please call our offices today at 808-836-CARR or 808-836-2277
Looking for flood insurance in hawaii? We sell that too!