Earthquake Insurance for Denver, CO.

Earthquakes are not extremely common, especially in Denver, Colorado. If you’re like most people, when you think of earthquakes, you probably think of cities in California, but any city can be damaged by a natural disaster, like earthquakes.

Your home is your most important investment. It’s where you and your family eat dinners, create memories, and where all of your precious heirlooms are stored. If something were to happen to your house, it could face some serious emotional and financial struggles. That’s where homeowner’s insurance protection comes in.

As a homeowner in Denver, you should ensure that your home has all of the insurance protection that you deserve. At Longevity Brokers, it’s our mission to ensure that your home is protected from everything that Mother Nature could throw at it.

Does your Homeowner’s Insurance Policy Cover Earthquakes?

A common misconception about homeowner’s insurance plans is that they cover any damage, but that’s not true. Homeowner’s insurance plans are very specific in the types of perils that they will protect against. There are plenty of loopholes and damages that they won’t pay for, and one of those is earthquakes. earthquake insurance in denver co

Some damage from nature are covered, typically things like wind and hail will be included. If you want insurance protection from natural disasters, like earthquakes and floods, then you need to purchase additional insurance plans.

Assuming that your homeowner’s insurance policy covers earthquakes is a dire mistake. It could leave you with massive repair bills.

How much does Earthquake Insurance Cost?

There are a lot of different factors that impact how much you’ll pay for your insurance. The biggest factor that will impact your premiums is where you live. Areas that are more prone to earthquakes are going to have more expensive rates compared to cities where they rarely have one.

Denver is not known for their earthquakes, but there have been more than 700 earthquakes recorded of a magnitude of 2 or higher since 1867. There have been more than that, but they were not recorded because of a lack of instrumentation.  One of the most significant earthquakes in Colorado history happened in 1967, and it was a magnitude of 4.8. While this is not considered a “major” earthquake, it can lead to some severe structural and property damage.

Compared to other western states, Colorado is not at a high risk of earthquakes, but that doesn’t mean that you should skip getting the additional protection. Thankfully, since Colorado is not a hotspot for earthquakes, the policy is going to be more affordable than it’s going to be in other states.

The location is not the only factor that is going to impact how much you pay every month. The other factors are the type of home, how large it is, the number of stories, the age of your home, and the ground under your home. Each of these is going to play a major role in how much you pay for your earthquake policy.

Depending on where you live, the type of home that you have, you could pay as little as $50 every year. For only $50 every year, you could have earthquake protection for your house. With most companies, you can expect to pay around $0.50 for every $1,000 worth of coverage. The more expensive your house is, the more that you’re going to pay every year.

Earthquake Insurance Coverage

You never know what’s going to happen tomorrow, which means that you should get the insurance protection that you and your family need for your home. Mother Nature can throw some serious curve balls at you. While you may never need the plan, like other insurance plans, it’s an important safety net to have.

We know that earthquakes are not common in Denver, and more than likely, you’ll never experience any damage from an earthquake, but geological professionals are predicting that Colorado could suffer a massive earthquake sometime in the near future. Even if you never have to live through a major earthquake, because it’s such a cheap insurance plan to add, why not spend a couple of dollars every month to have the additional safety net.

If you have any questions about earthquake insurance in Denver, CO., please contact one of our agents today. We would love to answer any questions that you have and ensure that you have all of the insurance protection that you need.

Unlike traditional insurance agents, we are a group of independent insurance agents. That means that we don’t work with one single company. Instead, we work with dozens and dozens of highly rated companies, and we can bring all of the best insurance policies directly to you.

At Longevity Brokers, we can help connect you with the best companies for homeowner’s insurance, earthquake insurance, auto insurance, and much more. If you’re ready to get earthquake insurance, you can use our contact page or call us at (720) 209-4598.

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