Earthquake insurance is ensuring one’s property in the eventuality of an earthquake if the policyholder’s house gets destroyed. So, if you reside in an area which is prone to earthquakes, getting an earthquake insurance policy will be a viable option for you. The rates of insurance for earthquakes policy varies as per the location and likelihood of an earthquake. There are many regions in the United States, such as the mid-west, which are prone to earthquakes. Some of the states included in mid-west are:
- The New Madrid Seismic Zone in southeastern Missouri: This region includes eight states of Arkansas, Alabama, Kentucky, Mississippi, Illinois, Indiana, Missouri, and Tennessee.
- The Wabash Valley Seismic Zone along Illinois: This region includes three states Indiana, Illinois and Kentucky which are bordering Indiana.
California and Charleston area in South Carolina are also among high earthquake prone regions in the United States. California is the state with maximum number of earthquake insurance than any other state in the country. A lot of homeowners are already covered under earthquake insurance but those who are not should consider it to safeguard their biggest financial asset against it. Making an investment towards earthquake insurance will help you greatly if unfortunately your area is stuck by the natural calamity.