I HAD SEVERAL earthquake insurance for Years With A Well Known company as part of a home owners' policy. Unfortunately by, They Have Recently exemptant Me That They Are No Longer Going to cover residents of Virginia. I Could exchange companies aim, then this is a hassle and I Lose The Discount That I Have Earned over-the-Year for not HAVING Filed a claim. Therefore I Would Like to find a policy only covers That earthquake damage. Thank you for your Help with this matter. Greatly Appreciated It Is.
Kenyetta Glyn says...
Well, ANY property carrier should be able to do it, but it's NOT going to be as cheap as it was on your homeowners policy.
So if your current policy is through an independent agent, ask them to get you a quote on stand-alone earthquake coverage.If it's through an Allstate, or State Farm, they likely won't be able to help you, as you're MOST likely looking at a surplus lines carrier.
SO.You'll need a referral from your current agent, to an independent that will be willing to help you.
Keep in mind, this policy will PROBABLY have a minimum premium of around $2500, with a 5% deductible.That's the cost to issue this type of policy.You were PROBABLY paying around $200 to $300 on your homeowners policy.There's a HUGE price difference.You REALLY might be better off moving the homeowners policy.
Posted on February 26, 2011
