 TITLE: A Homeowner’s Guide to Earthquake Insurance CONTENT: Who Needs Earthquake Insurance?\n-------------------------------\nThere are a few factors to consider when determining whether or not earthquake insurance is worth it for you. Some questions to ask yourself:\n**Is your home in an area that's vulnerable to earthquakes?** Homes in California, Alaska, Oregon and Washington are at a greater risk for earthquakes than other states. Purchasing a policy could save you thousands out of pocket in the end. This is especially the case in California, which is the location of more home-damaging earthquakes than any other state. You can learn more about the earthquake hazard in your area on the United State Geological Survey's website.\n**Are you financially prepared to cover damages if an earthquake hits and you don't have adequate coverage?** If you have a hefty emergency fund at the ready and are financially prepared for disaster, you may choose not to pay a monthly premium for earthquake insurance—especially if you're in a low-risk area. If a quake does hit, however, you'll have no choice but to pay out of pocket to cover repairs, replace personal belongings and pay for temporary housing.\n**Do the potential benefits of an earthquake policy outweigh the costs?** Again, there's no surefire way to know if a property-damaging earthquake will hit. But if you believe the plan premiums are a small price to pay for cost savings you could incur if repairs are needed, it may be best to purchase earthquake insurance. END