Earthquake Insurance: Misconceptions and Truths Earthquakes are events that come around every so often. Scientists try as hard as they can to predict them when really their success rates show that they're almost guessing as to when they will arrive. If you're someone who lives in an area where earthquakes are common, you should think about signing up for Carlsbad CA earthquake insurance. Only a small group of people who would need Carlsbad CA earthquake insurance have actually signed up for it. This makes you wonder if their reluctance to accept this coverage stems from a willingness to take chances or acknowledgement of the limited odds they're facing. Misconception #1: Possibility of Paying for Nothing
Since the odds of your home being destroyed as the result of an earthquake are so remote, you run the risk of paying for nothing for an extended period of time when you invest in Carlsbad CA earthquake insurance. The same problem comes when you invest in any other kind of insurance policy. You never know what will happen when you live in an area where earthquakes are more common than anywhere else. That being said, you should avoid looking to deeply at the negative aspect of this situation and focus on the fact that your insurance policy will protect you in the event of a natural disaster. Misconception #2: Home Insurance Will Cover It
Most homeowners have a current home insurance policy in place. They're likely to believe that their policy will cover all the damage that they incur as the result of an earthquake. On the contrary, it's hard to find a home insurance policy that's strong enough to address the damage that an earthquake can cause. You have to have a Carlsbad CA earthquake insurance policy that will pay for the damage as soon as possible, allowing you to recover as soon as possible. It's possible to combine your home and earthquake insurance policies as long as you obtain a rider from your insurance company.