|Targeted News Service|
Although earthquakes often do not come to mind when one thinks of the Midwest and South, it is actually one of the most volatile seismic zones in America. That is why the
Thursday's "Great Shakeout" takes place in
"Individuals, businesses, and schools across the country should use the Great Shakeout as an opportunity to test lifesaving earthquake preparedness skills," said
PCI encourages everyone to be prepared for earthquakes, the least predictable of potential natural disasters. With population growth in areas of intense seismic activity, the risk of catastrophic loss of life and property damage continues to rapidly increase. According to the
"The region participating in the Great Shakeout on Thursday was the site of a series of some the largest recorded earthquakes in U.S. history, the
The area was sparsely populated at the time of the
Despite the ongoing threat, many people don't realize that earthquake coverage is not included in a typical homeowners insurance policy. Homeowners in earthquake prone areas need to consider their risk and consider buying this additional coverage to protect their most expensive asset - their home."
The standard homeowners policy does not cover losses that result from earthquakes due to the unpredictability and widespread catastrophic nature of these events. In addition, it is important to note the standard homeowners policy also does not cover landslides, mud slides or sink holes. Coverage is generally available as an endorsement to the homeowners policy or under a separate policy.
Earthquake insurance is designed to provide coverage for catastrophe losses. Consumers are protected from the damage caused by the shaking that results from the movement of the earth. The deductible for earthquake insurance varies based on the policy and the insurer. These deductibles are generally based on a percentage of the replacement value of the home. The deductible can range from two to 25 percent of the home's replacement value. In