We hope you, your loved ones, and your property are safe following Monday’s earthquake. Events like these are a stark reminder of the importance of being prepared.
Here’s what you need to know:
99% of property insurance policies — including homeowners, commercial property, and renters’ policies — do not include earthquake coverage by default. Unless explicitly added with an additional premium, earthquake damage is not covered, potentially leaving you with significant out-of-pocket costs.
How Earthquake Coverage Works
If you choose to add earthquake protection, understanding how deductibles work is key:
- The earthquake deductible is calculated as a percentage of your coverage limit (not the loss amount).
- For example: If your home is insured for $500,000 with a 5% deductible, your earthquake deductible would be $25,000 ($500,000 x 0.05).
- Similar deductibles apply to contents coverage, such as personal belongings or business inventory.
Don’t Leave Your Coverage to Chance – Let’s Talk.
Foy clients now have access to the expanded resources and personalized solutions provided by World Insurance.
We’re here to help. Call your local office, and with your assistance, we can assess and learn more about your insurance needs. We’re proud to serve you and look forward to suggesting coverage options.
Contact Us:
Exeter, NH – 603-772-4781
Windham, NH – 603-898-6320
Manchester, NH – 603-641-8111
Dover, NH – 603-410-5500
Tilton, NH – 603-286-8978
Nashua, NH – 603-883-1587
Milford, MA – 508-473-4747
Scarborough, ME – 207-289-3850