SEATTLE, Wash. – Earthquakes are unpredictable and the insurance industry doesn’t do ‘unpredictable’ very well. It’s a topic the Seattle Times tackles in its recent article: ‘Earthquake-insurance prices soar in Washington, and companies hold all the power.’
The article raises some really interesting questions as we look toward the future of earthquake coverage and what homeowners and business owners across the state can and should expect.
One of the takeaways from the article I think is critical for people to know is you have options – options which can make a real difference when we talk about the aftermath of the ‘big’ one. As an independent insurance broker our team works with several companies that offer affordable earthquake coverage as part of their homeowner policies and they include deductibles as low as 5-percent.
We also have great pricing on standalone earthquake policies for either homes or businesses offered by a number of carriers with excellent financial strength.
It’s important to understand you have options, and realize if you have questions our team is more than happy to provide you detailed, accurate, and precise answers.
I encourage you to read the article and then contact Insurance Services Group – our number one priority is to do the right thing for our clients.