Few Californians have earthquake insurance, but interest has jumped since the Mexico quakes - News Summed Up

Few Californians have earthquake insurance, but interest has jumped since the Mexico quakes


Bill and Liz Barlak have carried earthquake insurance on their three-bedroom house in Burbank since the couple bought the property 30 years ago. The Mexico quakes, and before that the hurricanes in the southern United States, sparked a “dramatic increase” in website visits and calls to the California Earthquake Authority. While policy sales figures for September aren’t yet available, “callers were asking for detailed information about earthquake insurance coverage,” she said. The number of Californians buying earthquake insurance has actually risen steadily over the years. There’s another reason cited for Californians’ resistance to buying earthquake insurance: lingering memories of high premiums immediately after the Northridge quake.


Source: Los Angeles Times October 02, 2017 12:02 UTC



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