How Can I Get Earthquake Insurance In Oakland, CA
You’ve probably wondered at least once in your life how you can get earthquake insurance in Oakland. It’s not quite as easy as just going and buying “earthquake insurance” per se, but it’s not difficult either. The insurance experts for California renters have you covered with the easiest way to get covered!
Earthquake insurance in Oakland isn’t really something you can just go and buy on its own in most cases. What you’re actually looking for is an Oakland, CA Renters Insurance policy. But that’s not enough. Earth movement is excluded from the standard policy form in California. So you’ll want to fix that.
How do you fix something being excluded from a standard renters insurance policy? With an endorsement! An endorsement is just an additional document that modifies the language of your policy to change the coverage. Generally that endorsement adds coverage of some kind, though there are exceptions.
You’re in luck, there is an earthquake endorsement you can get on renters insurance in Oakland. But now that we know the coverage is available, there’s another question.
If you live in an apartment, do you need earthquake insurance in Oakland? You’re not responsible for the building, so does it matter? Actually, yes it does. It matters a great deal. First of all, there’s your personal property to worry about. The earthquake endorsement will allow your property to be covered for earth movement in your Oakland apartment. This may not be a concern for minor quakes, but larger ones can destroy buildings and the personal property you have within. Do you really want to be in line at the local big box store to replace everything you own with cash after a big one hits? Probably not.
If you have earthquake coverage on your Oakland, CA Renters Insurance, you have another advantage that most people won’t have after a loss. The endorsement will also extend your loss of use coverage to cover you if the underlying loss is caused by earth movement.
What is loss of use? It’s what covers your additional living expenses after a covered loss keeps you from using your apartment. There’s a period of time after an earthquake where even minor damage will keep you out of your apartment, because the building needs to be inspected and verified to be sound. That can take days or weeks, and you’ll want to have someplace to stay in the interim.
Earthquake insurance in Oakland, in the form of an endorsement on your renters policy, will cover not only your personal property that suffers a loss, but also your additional living expenses like a hotel if that earth movement loss prevents you from using the insured residence. Those costs can add up quickly, especially when half the city is looking for a place to stay.
The coverage is usually quite affordable to add, and the endorsement is very broad. A common version of it applies a flat $750 deductible to a renters policy, whereas it’s usually a percentage deductible on a homeowners policy. To find out how you can add it, what it costs, and what else earthquake insurance in Oakland can do for you, just call (800)892-4308 or click to get covered - whether you need Oakland renters insurance quotes online or coverage anywhere else!
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Photo Credit: Tony Webster Oakland Ferry Terminal CC BY 2.0