Owensboro Earthquake Insurance

Your Complete Guide to Owensboro, KY, Earthquake Insurance

How to connect with an independent agent

Owensboro Kentucky Earthquake Insurance

In Owensboro, KY, a natural disaster could wipe you out financially. If you're without the proper coverage, then you could be at risk. Earthquake insurance is often overlooked, but it shouldn't be. 

An independent insurance agent can help find a policy that suits your needs and fits your budget. They have a network of several carriers so that you get the best options. Connect with a local expert for custom quotes. 

What Is Earthquake Insurance?

Earthquake insurance will protect your home or business from a loss. This is not a required policy but it can be useful, especially if you're in earthquake-prone areas. Some items it can cover are as follows. 

  • Personal belongings
  • Your dwelling
  • Temporary housing costs

What Does Earthquake Insurance Cover in Owensboro, KY?

In Owensboro, KY, earthquakes may not happen every day, but if they do, you'll want to be protected. This policy is very specific on what it will and won't insure and may not be as broad as a homeowners policy. The majority of earthquake policies will cover the following.

  • Dwelling limit: Pays for the replacement or repair of your property itself when an earthquake occurs.
  • Personal property: Pays for the replacement or repair of your personal belongings.
  • Additional living expenses: Pays for your temporary stay at another property when an earthquake makes your home unlivable.

What Does Earthquake Insurance Not Cover in Owensboro, KY?

While it's essential to know what your personal and commercial insurances will cover, it's equally important to understand their exclusions. Earthquake insurance in Owensboro, KY, will have its own list of items it won't include. The majority of earthquake policies exclude the following.

  • Your vehicles
  • Your fence
  • Your pool 
  • Your collectible items
  • Damage to your land
  • Flooding
earthquake

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How Much Is Earthquake Insurance in Owensboro, KY?

The cost of homeowners insurance in Kentucky is on average $1,109. Your earthquake rates will be dependent on numerous risk factors. Carriers use a variety of items to rate your insurance, such as the following.

  • Address
  • Claims history
  • Credit score
  • Value of your property
  • Coverage limits selected

While you won't know your exact costs without a quote, you can be aware of how it's figured. One way to lower pricing is by bundling your policies with the same carrier. When you put your personal and commercial coverage with one company, they reward you with deep discounts.

Does Homeowners Insurance Cover Earthquakes?

Kentucky has had 549,229,000 homeowners claims paid in one year alone. Catastrophes occur in Owensboro, just like everywhere else. An earthquake is not automatically insured under your homeowners policy, but it can be. In most cases, you can endorse your property insurance to include protection for an earthquake. If this isn't an option, you'll need to obtain a separate policy. For proper insurance, review the following coverages on your home policy.

Dwelling coverage: Covers the structure of your home. This is equal to the replacement cost of your home.

Other structures coverage: Covers detached structures on your property, such as a shed or garage. This is usually 10% of your dwelling limit.

Personal property coverage: Covers your personal belongings both inside and outside the home. This is normally 50% of your dwelling limit.

Loss of use coverage: This pays for additional living expenses while your home is repaired from a covered loss. This is typically 20% of your dwelling amount.

Personal liability coverage: Pays for legal and medical bills if you're held liable for injury or personal property damage to someone else. These limits are chosen by the insured and range from $100,000 to $1,000,000 typically.

Medical payments coverage: This is your first line of defense when a minor injury occurs on your property. It will pay for another party's medical bills, regardless of who is at fault. Coverage falls between $1,000 and $10,000.

How an Independent Insurance Agent in Owensboro, KY, Can Help

Insurance in Owensboro, KY, is essential to adequately protect your family, business, and assets. If you're looking for earthquake coverage that won't break the bank, consider using a professional. An independent insurance agent can quote with numerous markets.

They do the shopping for you at no cost so that you can get the coverage and premium you deserve. When you're tired of searching for a policy on your own, try consulting with a trained adviser. Connect with a local independent agent on TrustedChoice.com today.

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TrustedChoice.com Article | Reviewed by Jeffrey Green

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