Insurance: Earthquake insurance 101

An earthquake rumbled across much of the East Coast today, startling folks in a region not known for quakes. So it seemed like a good time to highlight the basics of earthquake insurance. Among them:

• A standard homeowner's or renter's policy does not, repeat not, cover earthquake damage.


• Unlike homeowners coverage, earthquake insurance is designed to cover catastrophic damage. Deductibles of 10 percent to 25 percent of a structure's value are common.


• Earthquake insurers often temporarily suspend sales of new coverage after a quake. They do this to limit their exposure in case of aftershocks.

For more, including tips on what to do before and during a quake, see the earthquake insurance page.