How much does earthquake insurance cost in Los Angeles?

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asked Sep 14, 2019 in Insurance by dsfodg78e (200 points)
How much does earthquake insurance cost in Los Angeles?

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answered Sep 14, 2019 by linda (29,790 points)
The cost of earthquake insurance in Los Angeles California ranges from $1,800.00 to $3,000.00 per year depending on how much insurance coverage you want.

You get the earthquake insurance added to your homeowners insurance and the cost can vary depending on the insurance company and if you bundle other insurance with the same company you get earthquake insurance through you can save some money.

A lot of people who need earthquake insurance in Los Angeles and other parts of California don't have it because of the high cost of the earthquake insurance.

Sometimes it's worth the cost to get earthquake insurance and other times it's a waste of money so you'd need to decide if the home you have is worth the cost of the earthquake insurance if the home were to be destroyed in the earthquake.

On a lower value home it may not be worth the cost to get earthquake insurance but on say a home valued at $200,000.00 or more then the cost to obtain and carry earthquake insurance would be worth it.

The mortgage bank where you got your mortgage from may require you to have earthquake insurance added onto your regular homeowners insurance policy and if you fail to keep earthquake insurance on the home then they can foreclose on you.

If you have a mortgage make sure to read through the Terms and Conditions of the mortgage to be sure if you are required to have earthquake insurance or not on your home.

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