Earthquakes happen everyday, the question is, did you feel it or did it cause any damage?
Click on the link below to look at a map of recent earthquakes from United States Geological Service.
http://neic.usgs.gov/neis/qed/
Most insurance products exclude earthquake damage.
The exclusion would look like this:
by earth movement, due to natural or manmade
events, meaning earthquake, including land shock
waves, or tremors before, during, or after a volcanic
eruption, mine subsidence, sinkhole, landslide,
mudslide, mud flow, earth sinking, rising, or shifting.
Direct loss by fire, explosion, sonic boom, theft or
breakage of glass resulting from earth movement,
mine subsidence, sinkhole, landslide, mudslide, mud
flow, earth sinking, rising or shifting is covered.
The insurance company will allow you to buy earthquake coverage for additional premium. Unlike the set dollar value deductible on your insurance policy (i.e. $1000), earthquakes riders will have a deductible of a percentage of the value of the building. (i.e. 1% 5%)
The last earthquake to be centered in Wisconsin struck just south of Milwaukee on May 6, 1947 and caused only minor damage.
So when will the next earthquake strike Wisconsin?
Is protecting your home or business from an earthquake worth the premium to you? Would you like to know how much this coverage would cost you? Give us a call, we will be happy to talk over the options with you!