Should You Get Earth Quake Insurance CBS MoneyWatch.com

Should You Get Earth Quake Insurance CBS MoneyWatch.com

Today, a magnitude 5.8 earthquake centered in the Northwest of Richmond, VA., struck many of Washington, D.C. and was felt as far north as New York and Rhode Island.
The earthquake sent hundreds of people pouring out onto the street one block from the White House, with other buildings evacuated in North Carolina. It is considered that the most powerful earthquake hit the area in the ad. There are also reports of major damage to buildings in Fredericksburg, Virginia all the way up to Clifton Park, New York, reportedly See rocking cars on the roads and even the number of cases of people evacuated their buildings in response to the tremors.

Should You Get Earth Quake Insurance CBS MoneyWatch.com

But many people in the north-eastern regions are not very familiar with earthquakes on Earth, they are people who live in California. And as such, I don’t think these people give the issue of buying a second thought earth quake safe or not.
The first thing is the first thing: If you are in an area where he lives the potential for earthquakes with a rare, if ever, for damage to property, you can never even consider buying this insurance.
But if you live and has real estate in an area where damaging earthquakes on a regular basis, of course, it’s worth considering. And it contains a lot of owners! According to the Geological Survey, 39 States have tremors experienced in the last century, and under natural disasters, earthquakes are the most precious good that’s going to recover. Also, 90 percent of Americans live in areas of potential earthquake.

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