Did You Feel That? Understanding Earthquake Coverage After Recent Events in New England

Last week, our community experienced a rare but significant event: a 4.1 magnitude earthquake. While the damage was thankfully minimal, it serves as a reminder of how unpredictable and powerful these storms can be. As we reflect on the recent event, now is a great time to review your coverage to ensure that you and your property are fully protected in the event of a more severe storm.

Why Earthquake Coverage Is Essential

Earthquakes can cause extensive damage to homes and businesses, from structural damage and foundation cracks to power outages and fallen debris. Standard homeowners insurance policies typically do not cover earthquake damage, which is why specialized earthquake coverage is crucial.

What’s Covered by Earthquake Insurance?

Earthquake insurance can cover various forms of damage caused by a seismic event, including:

• Structural damage: This includes damage to your home’s foundation, walls, and roof caused by the shaking.

• Personal property loss: If your belongings are damaged or destroyed in an earthquake, coverage can help replace them.

• Temporary living expenses: If your home is deemed uninhabitable due to earthquake damage, insurance can help cover the cost of temporary housing and related expenses.

• Debris removal: Earthquakes can leave rubble, fallen trees, and other debris that may need to be cleared from your property.

Do You Have Adequate Coverage?

After the recent earthquake, it's important to review your current policy. Many homeowners mistakenly assume they are covered for earthquake damage, only to find out that it requires a separate policy. Here are a few questions to consider:

• Does your policy include earthquake insurance? Standard homeowners insurance usually does not cover earthquakes, so a separate policy may be necessary.

• Is your deductible manageable? Earthquake insurance policies often have higher deductibles than standard policies, so it's important to understand your out-of-pocket costs.

• Are your personal belongings covered? Ensure your policy includes protection for valuable items that could be damaged in an earthquake.

• Does your policy cover additional living expenses? If an earthquake forces you out of your home, make sure you have coverage for temporary accommodations.

How We Can Help

At Tapley Insurance, we understand how overwhelming it can be to navigate earthquake coverage. Our team is here to help you review your policy, answer any questions, and make adjustments to ensure you have the right coverage. We offer personalized insurance solutions that fit your needs, whether you're in a high-risk zone or looking to safeguard against potential future quakes.

(207) 363-7894 | www.tapleyagency.com | 300 York St . PO Box 808 . York, Maine 03909