Posts Tagged ‘Earthquake’
CATEX News February 21, 2012: Madrid earthquake rattles Midwest
March 13th, 2012
Alternative world and financial news for the risk industry; encompasses coverage of real time events likely to lead to eventual insurance and reinsurance claims. Interviews with newsmakers. 1. New Madrid earthquake rattles Midwest 2. Japan’s “Big Three” insurers see ratings downgrade 3. Greece survives again 4. Steel plant explosion in China kills 17 5. Caymans openly taking on Bermuda 6. Syrian carnage continues 7. Lippe takes Board seat at Axa 8. Frankfurt airport strike to last all week
Video Rating: 5 / 5
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Earthquake Insurance in Turkey: History of the Turkish Catastrophe Insurance Poo
March 11th, 2012
 | US $7.50 (0 Bid) End Date: Saturday May-26-2012 12:08:32 PDT Bid now | Add to watch list |
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Would it be wise to have earthquake insurance on your home with the 2012 planet alignment near?
March 7th, 2012
Question by : Would it be wise to have earthquake insurance on your home with the 2012 planet alignment near?
My area is rated by the USGS as “light and slight”, so it was really cheap. I had to request the rider on my homeowners policy.
http://earthquake.usgs.gov/earthquakes/states/
.
Best answer:
Answer by David Jones
my insurance covers everything.
a volcano can rise up from under my house, and im still covered.
Give your answer to this question below!
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I’m a renter in San Francisco, is earthquake insurance worthwhile?
February 27th, 2012
Question by Elissa S: I’m a renter in San Francisco, is earthquake insurance worthwhile?
I’ve read the deductible is so high, that it’s worth just saving my money instead of buying CEA insurance. I live fairly simply and don’t have many huge assets – just my tv, laptop, clothing, etc. Is it worth risking to skip earthquake coverage since I’ll have to spend thousands to replace my things anyway?
Best answer:
Answer by ChunYLaw
To my understanding, even most homeowners do not buy earthquake insurance because it is very expensive and the chance of having an earthquake is low comparing to fire.
Since you are a renter, just skip the insurance and save the money for emergency.
Give your answer to this question below!
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Midwest residents in nine states picking up after earthquake
February 24th, 2012
Midwest residents in nine states picking up after earthquake
People across nine states may soon be contacting their home insurance companies to file a claim after an earthquake this week. The tremblor on Tuesday morning had a magnitude of 3.9, according to the US Geological Survey, and was focused in …
Read more on homeinsurance.com (blog)
Have insurance? Know what it covers!
The recent House bill requiring an earthquake insurance notice is more proof that Republicans aren't exempt from government overreach [" Bill To Clarify Earthquake Insurance Advances," Feb. 5]. Here is a novel thought: If you buy an insurance policy, …
Read more on Fredericksburg.com
Earthquake downgraded to 3.9 magnitude
Insurance agent Tim Bryant says now is the time for homeowner to get out their insurance policy. "Earthquake insurance is not a requirement on a policy and it is an add on or an option that the insured has to pay a little extra premium for to get it …
Read more on KAIT
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House passes bill requiring earthquake insurance notice
February 22nd, 2012
House passes bill requiring earthquake insurance notice
Following last year's 5.8-magnitude earthquake centered in Louisa County, Virginia lawmakers have passed legislation that would require insurers to provide notice to homeowners lacking earthquake insurance. House Bill 523, carried on behalf of Gov.
Read more on GoDanRiver.com
Memorials in Christchurch one year on from devastating NZ quake
The real problem at the moment when you speak to people here is the issue of land and insurance. It's very difficult for people to get any kind of insurance, particularly earthquake insurance – forget about it. Out in Bexley in the eastern suburbs, …
Read more on ABC Online
Suncorp adds earthquake buffer
"Should claims arising from the February 2011 earthquake settle in accordance with Suncorp's current estimate, the risk margin will reduce by A$ 38 million with a corresponding increase in profit," the company said. Suncorp Group has general insurance, …
Read more on New Zealand Herald
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RPPC Royal Insurance used by Eastman Bros. after 1906 Earthquake for losses
February 18th, 2012
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How does earthquake insurance work?
February 11th, 2012
Question by warpdesign: How does earthquake insurance work?
I’m looking into earthquake insurance for my home, but I don’t really see the point of it. The deductible is like $ 45,000. Who could afford that? Unless there’s some kind of government disaster assistance that pays the deductible for you it seems like you pay a premium just to be stuck with a deductible you can’t pay in the event you need to file a claim so you are just throwing the premium away to still be up the creek in the event of an earthquake. Or worse the earthquake does $ 44,999 worth of damage so you’re still stuck with the bill. What am I missing about this??
Best answer:
Answer by StephenWeinstein
Even if you cannot afford to pay the deductible, you can still use the money to pay off your mortgage, or part of it. For example, if you owe $ 100,000 on a home that is worth $ 150,000 (meaning that you have $ 50,000 of equity) and it is destroyed in the earthquake, becoming worth $ 0, and you do not have insurance, then you still owe $ 100,000 on your mortgage, which you still need to pay, even though you have no home. If you have insurance, and it pays $ 105,000 (the value of the home minus the deductible), then that pays off the mortgage, so you owe nothing, and lives $ 5,000 for you.
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Earthquake Insurance in Turkey: History of the Turk…
February 6th, 2012
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Senate Passes Earthquake Insurance Coverage Bill
February 5th, 2012
Senate Passes Earthquake Insurance Coverage Bill
The state Senate passed a bill mandating insurance companies tell policy holders about their earthquake coverage. Senator Bryce Reeves introduced it in response to the August earthquake in Mineral. Many homeowners around the epicenter were not covered.
Read more on NBC 29 News
No quake insurance for Catholic church
By Susan Sandys February 6, 2012 Ashburton's only category one historic building would cost $ 6.5 million to rebuild if it fell down in an earthquake, but there would be no insurance. Parishioners at the Church of the Holy Name and other Mid Canterbury …
Read more on The Ashburton Guardian
Ohio mayor buys earthquake insurance after alleged fracking incidents
By Jaime L. Brockway A series of earthquakes in Youngstown, Ohio, potentially related to brine-injection wells, caused the city's mayor to buy earthquake insurance for his home and initiate a moratorium on injection wells near the city.
Read more on IFAwebnews.com
