In case you didn’t know, your homeowner’s policy doesn’t cover earthquake.
Example of earthquake coverage from the CEA
“Earth movement” is not typically covered in homeowner’s and renter’s insurance policies, says Chris Hackett, from the trade group, Property Casualty Insurers Association of America.
Given that there are 5,000 earthquakes in the US every year, and that damage from earthquakes has been recorded in all 50 states, you, wherever you are in the US are not immune, reports AP.
A rider to cover earthquake damages can be added to property insurance policies, or a supplemental earthquake policy can be purchased.
You can get a quote yourself from the California Earthquake Authority or find more about getting earthquake insurance in California on our Get Ready Quick page.
In the Vencie video it says renters insurance for his place can be $50 per year. I used the tool at the below ebpage and for the most limited coverage it is more than $100 per year. Am I missing something?
http://www.earthquakeauthority.com/CEARenter2006.aspx?edate=12&pid=3
Thanks,
Alex
For renters prices change depending on the seismic activity where you live, and indeed, the specifics of what you want. Before shooting we looked up Vencie’s apartment in San Diego and it was $50 / year.
(Actually I think it was $49 but Sue rounded up a dollar when they were talking about it)
Without telling you where Vencie lives (he’s a very private guy) I just looked up a basic policy with the calculator again and checked, indeed his price would be $49 per year, so prices haven’t changed since we made the episode.
I used $5,000 for Personal Property Coverage. (that’s a lot of electronics!) I select $1,500 for loss of use coverage.
If you want to know more about the intricacies of these policies, you should find an insurance agent, who can help you get the best price on a policy and tune it to your needs. (I’d recommend one, but insurance agents seem to be as ubqiquitous as DJ’s in San Francisco…)
My premium is $313/year because I purchased the maximum loss of use ($15,000).
To help answer your question could you elaborate more on what exactly she has. Does she medicare and supplemental insurance? Does she have straight medicare? If she also have supplemental insurance through medicare which plans do she have?