Earthquake insurance covers your dwellings / buildings up to the same limit as your HOA Master Policy, and policyholders pay a deductible of 10% – 20% of that limit. For example, let's say an earthquake completely destroys your home. Your insurance company would pay you up to the coverage limit, minus the deductible.

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You would need optional earthquake insurance coverage to help with major expenses like:

• Making structural repairs

• Rebuilding your house

• Paying for temporary housing

• Replacing personal property

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How Much Does Earthquake Insurance Cost?

The cost of earthquake insurance coverage varies significantly — it all depends on your area’s level of risk. Earthquake insurance premiums can be relatively inexpensive if you live where earthquakes are rare, and relatively expensive where they happen more frequently.