Get a Quote
Earthquake & Flood insurance
It is a common misconception that floods, earthquakes, tsunamis or even landslides are covered under the homeowner’s policy, however in most cases these are excluded coverages requiring separate policies to be in force.
You don’t need to experience a major earthquake to know how devastating one could be to you and your loved ones, and your entire community.
Even smaller quakes can cause serious property damage and losses that aren’t covered under a standard homeowners insurance policy, and the possibility of one happening where you live might be greater than you realize.
Having earthquake insurance can put your mind at ease before — and after — a seismic event shakes your world.
Earthquake insurance coverage can cover damage to your home and its contents, as well as living expenses for you and your family if your home needs repairs, because of an earthquake.
According to the U.S. Federal Emergency Management Agency (FEMA), 90% of natural disasters that occur nationwide involve flooding. Even if you don’t live in a flood-prone region, you could be at risk. Flash floods can occur due to unusually heavy rainfall in low-lying areas or where nearby construction or real estate development has altered an area’s natural drainage.
And if flooding occurs, you’re probably not covered for it. Standard homeowner’s insurance policies specifically exclude flood damage, which means you could be out of pocket for the cost to clean up or rebuild afterwards.
That’s why flood insurance is essential for homeowners across North America.
Navigating the market for flood insurance can be difficult. The market is complex, for one thing. There could be a 30-day waiting period before your policy goes into effect, for example, and that could have dire consequences for you if a flood occurs shortly after you purchase your coverage.
That’s why it’s important to work with an insurance professional who knows the market and can assess your specific needs, so you can make the right policy choices based on location, limits and other factors.