Rhode Island is certainly a state that is surrounded - if not resting on - water. There is very little earth there to shake, rattle and roll from an earthquake. However there are fault lines in the area of Rhode Island, and the Ocean State can feel tremors from as far away as Washington, D.C., like the quake in 2011. Earthquakes are not a prominent local hazard, but the land of the state can respond to seismic shifts in its vicinity.
In Rhode Island there are a lot of older homes, which are more susceptible to damage - from even the smallest quakes.
The concept behind Rhode Island earthquake insurance is to protect your home, vehicles and possessions from loss or damage caused by a seismic event. An earthquake insurance policy will compensate you for a covered event should you suffer damage due to earth movement. This can include damage to the foundation or structure of your home, water pipes, dishes, fine china, windows or any other damage that can be directly traced to measurable seismic activity. This does not count for any dishes that fall off shelves because you have someone jackhammering your concrete driveway.
Earthquake coverage, however, can be difficult or impossible to get for your home if it is located on top of a known fault line. Fault lines and the immediate area around them have the highest risk of seismic activity, so homes and vehicles in those areas are virtually uninsurable. Fortunately, Rhodes Island has no active fault lines within the state, but there are a couple of faults in Massachusetts to which you should pay attention.
Rhode Island earthquake insurance, because of the low risk for major quakes and damage, can be very affordable, though it’s always a good idea to shop around for quality Rhode Island insurance quotes. Some factors that go into determining a premium for this coverage include the age of your home, the type of home, and the type of foundation, along with other factors such as the value of the home, the zip code where it is located, and its proximity to a fault line, just to name a few.
While you certainly can do a lot of homework yourself online with reputable insurance companies, the most efficient way to get Rhode Island earthquake insurance quotes is by meeting with your local Trusted Choice® network agent. Your agent can do all the research for you, as they are all independent and can check on policies from a number of companies. From there, your agent can narrow down your options to the best ones available in terms of coverage and price, so you can find the best Rhode Island earthquake insurance policy to meet your needs and cover your assets. Contact an agent now.