All natural disasters are dreadful, most of all because of the loss of lives. But earthquakes bring with them special horrors that it's impossible to prepare for -- the unexpected ground shaking signaling the onset of the quake, buildings tumbling over panicking people, and raging fires that erupt afterwards. The damage and destruction of property from an earthquake can be worse than other forms of natural catastrophe. Usually, when damage to property occurs, people look to insurance to make them whole. However, for one reason or another, sometimes that insurance is not always their. Most people know that earthquakes are not covered under standard US homeowners or business policies, but the coverage is available in the form of supplemental coverages to homeowners or businesses. Earthquake insurance policies often carry a deductible, generally in the form of a percentage, rather than a dollar amount. Deductibles can range anywhere from 2% to 20% of the structure's replacement value.
IT COULD HAPPEN HERE! Phil Zinkewicz Rough Notes; Apr 2010; 153, 4; Docstoc pg. 68 Reproduced with permission of the copyright owner. Furthe
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