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Earthquake insurance covers what?
At an inspection yesterday, I overheard a fairly experienced and what I have perceived a very honest Realtor telling his client that he discovered that Earthquake insurance covers a home that has been damaged by the ground shrinking around it during a drought.
He went on to say that it happened to his own home this past summer. His home settled by 3" on one side when the ground shrunk under and around the foundation. He then went on to say that the insurance paid to repair the foundation.
Has anyone ever heard about this? I would think that Earthquake insurance would only cover a seismic event and not soil shrinkage from a drought.
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