Why you need Earthquake Insurance
- 1. Cheap - Only $14 per month per $100,000 of coverage.
- 2. Protect the equity in your house.
- 3. A small earthquake may cause your house to shift; as a result your house may be condemned. This could cause a total loss. Yet you still owe the mortgage company.
- 4. May save you from going into bankruptcy if losses occur.
- 5. Utah is overdue for a large earthquake.
- 6. An earthquake could set your house on fire or be flooded by broken pipes.
- 7. Protect your personal property.
Agent Tip's
- 1. Raise your homeowners deductible to $1000 to $2500 to help offset cost of earthquake insurance
- 2. Can easily be added into your house payment / escrow.
- 3. Ask agent about auto/home discount. Central alarm, sprinklers, non smoker, new home, 50 plus, renovation discount, household credits.
- 4. Don't take a chance on your biggest investment.
Estimate for Frame or Brick Veneer Home
| Dwelling Amount | Estimated Cost per month | |
|---|---|---|
| $100,000 | $14 per month | Get a Quote |
| $250,000 | $34 per month | Get a Quote |
| $500,00 | $67 per month | Get a Quote |
| $1,000,000 | $134 per month | Get a Quote |
Updated October 2007