Yes, I'm talking about the wonderful earthquakes we have here in beautiful California.
I'm not a scientist so I'm not going to explain how earthquakes work, but I can tell you from the usgs.gov site that earthquakes are actually a daily event. Most are too small to feel and some give a bit of a jolt.
I wasn't here for the Loma Prieta quake, but I've seen pictures of the damage it did. It was wide scale and fairly costly. Why am I writing about earthquakes? Because I think that too few homeowners think about the necessary steps to prepare and protect themselves in the event of an earthquake.
Did you know that your homeowners insurance DOES NOT cover earthquake? Check with your agent. In California, it is mandatory to offer earthquake insurance if you purchase a homeowners policy (or dwelling policy).
I'm not going to go into details on how earthquake insurance works and what the premiums are going to be. I can tell you that coverage isn't restricted to homeowners. Condo unit owners can purchase earthquake coverage for their contents, structure that is their responsibility, loss of use and loss assessment. Small to medium size business owners can also purchase earthquake insurance and include loss of income or loss of rents. Please check with your insurance agent about this. If he doesn't know what you're talking about, run and find the next agent that knows something about earthquake coverages and policy information.
Here's a few sites of interest: