Earthquake Coverage

I live in St. Charles, Missouri. I just moved here 2 years ago, and we as tornadoes, I do not think this is an area for earthquakes. I just signed up with statefarm insurance condo, and I wondered if I should get coverage of the earthquake. I do not really think I need it, from St. Louis doesn't seem like a logical place for earthquakes, but hey, I've only lived here 2 years. Is it worth $ 60 more per year?

Not to scare you, but one of the largest earthquakes of the nation was centered in New Madrid, Missouri in 1812. It shook buildings as far away as Boston. The chances of a major earthquake may be low, but risks to your finances could be enormous. If your condo be seriously damaged, its value will remain, which means you will not have to rely on equity to pay for repairs. I recommend discussing the issue with an insurance broker. A broker works with several companies and often manage several types of insurance. To find one in your area, log onto a site like http://www.homeownerswiz.com and complete the online form. Good luck!

I'd say a good investment. Back in the early 1900s there was a major earthquake near the Tennessee / Missouri state line that made the Mississippi River run backwards a bit. I would say that if you happened like that again, it would probably hit you in the area of St. Louis too. It is a relatively small investment would be given a monetary devistation absolute if it actually occurred.

You can also check to see if $ 60 is the least expensive, can you cite. You can change your franchise earthquake to help reduce your rates. Many owners (not sure about a condo-owner) policies are a standard 10% deductible. You can reduce your premium even more if you went to 20% deductible.

The New Madrid fault line runs just south of St. Louis. It is not as active as the fault lines in California, but just as dangerous if it must adapt. This could be a worthy investmnet for you.

Read your condo master policy. See what is in it then make your decision.

I agree with a previous responses "Check your Condo Master Policy" But it only covers the building as defined. You're sitting on one of the major flaws in the country and while he did not create many problems ---- So far that does not mean it could not happen. Check with your agent and show you maps of earthquake. "You do not know the value of your $ 60 cover, but appears to be a very good purchase.

Maybe Iam the one who should get earthquake insurance, because you're so pretty ... U Rock My World =)

If his unllikely for your place to get an earthquake and then go to someother insurance coverage that is more common, as insurance against fire.