State Farm Earthquake Coverage Offer


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Posted by Christine Baker on September 08, 1997 at 22:25:13:

I recently got this offer for Earthquake Coverage:

(A) Amount of Dwelling Coverage: $261,800

(B) Applicable Deductible: $39,270

(C) Contents Coverage: $5,000

(D) Additional Living Expenses: $1,500

(E) Rate or Premium: $ 1,492

Well, this ain't exactly a great deal. At least not for me. Home Savings can have my place, if all else fails. I would hope for a good fire.

Although, there's always the possibility that my "Fire" insurance doesn't cover fires after an earthquake. I just got my annual renewal, along with about 70 pages of exclusions. Who actually READS all that? And what's the point of reading it?

I canceled my Earthquake coverage years ago, while the premium was only around $400 and the deductible was "only" 10%. If I owned my house free and clear, I'd shop around.

Did anyone receive a more realistic quote? Comments?

Christine Baker




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