As a matter of fact, earthquakes have occurred in 39 states since 1990 and approximately 90% of US households live in areas considered seismically active. Over the last year in Oklahoma there have been 663 earthquakes.
Basic homeowners insurance does not cover earthquake damage, however only a small percentage of people purchase this valuable type of coverage. Even if you reside in an area where earthquakes are not common, you might benefit from having this protection.
How much does earthquake insurance cost?
Typically, an Oklahoma homeowner can expect to pay $50 to $300 per year for earthquake coverage, according to the Oklahoma Insurance Commission.
Questions to ask your MemberHaven insurance agent when purchasing earthquake insurance:
What is your monthly payment and deductible?
What is and is not covered?
What kind of earthquakes are covered?
Get in touch with a MemberHaven insurance agent today for a quote on earthquake insurance.