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Re: Earthquake insurance covers what?
I was living in the Bay Area during the Loma Prieta earthquake. We had plenty of rocking and rolling which caused my neighbor's fire place to crash into my house. After the fact my neighbor said she had earthquake insurance that it would cover repairs. Two weeks later I asked when the adjuster would be out to start the claims process. She told me that her deductible was 10% of the current value and that the insurance didn't start until there had been $40K of damage (which there wasn't) Needless to say she didn't offer to fix it and was quite scarce for the next year. We were having some other work done and patching the stucco was no big deal.
Insurance companies are in the money making business, just read there annual reports. I can't see them paying for a shrinkage claim!
//Rick
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