Top News Story
|
| Other Recent Top News |
|
| Earthquakes Not a Covered Event by Standard Homeowners’ Insurance Policy |
| 4/21/2008 |
 |
|
“People think of earthquakes as a California-only concern,”
Commissioner Bell said. “The reality is that the New Madrid Fault, which could
affect northern parts of our state, can generate serious earthquakes."
|
| “No standard insurance policy, including the
homeowner's policy, covers catastrophic damage that is caused by an earthquake.
For an additional premium, companies offer an earthquake endorsement with your
homeowner's policy that will protect you in case your home suffers earthquake
damage. This coverage is typically inexpensive and should be considered.” |
| Approximately 20 earthquakes have occurred in the
Midwestern U.S. beginning Friday, on which an earthquake that was 5.4 on the
Richter scale struck. |
| “If you have concerns regarding earthquake
coverage, I advise you to contact your insurance agent to inquire about an
earthquake endorsement if you live in an area where an earthquake is possible
to occur,” Commissioner Bell said. “If you have any questions beyond that,
please contact the Alabama Department of Insurance.” |
|
The Department’s website is www.aldoi.gov.
The toll-free number to the Department is 800-433-3966.
|
