A few months ago I was helping my mom revisit her homeowners insurance to see if she should add an earthquake insurance policy. Dahl explains that homeowners insurance and earthquake insurance are two completely different policies. The California Earthquake Authority, which provides most of the earthquake insurance policies where I live, has deductibles starting at 5%. So if your home is insured for $500,000 under your earthquake insurance policy, it should also be insured for $500,000 for your homeowners insurance. Earthquake insurance includes some exceptionsWhile earthquake insurance technically includes most damage and destruction to your home in the case of a ground tremor, there are some exceptions, such as a fire.

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Persons: Seok Dahl, Dahl, I'd Organizations: Business, FEMA, Farmers, California Earthquake Authority Locations: Los Angeles, California