Tag: earthquake insurance

Earthquake insurance sales continue their growth in Oklahoma

G. Turner
fracking oklahoma earthquake insurance

As the state continues to experience one quake after the next, experts are cautioning residents to be ready for more. May was a month that brought a rash of quakes to Oklahoma (which many are blaming on the hydraulic fracturing, “fracking” being conducted in the state), and this has caused homeowners to purchase earthquake insurance, as experts warn that more tremors are likely on their way. This recent trend has been causing this sector of this insurance industry to experience rapid growth. As a person’s home is likely the largest…

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Earthquake Court promised by New Zealand government for ongoing insurance claims

H. Cutner
Christchurch New Zealand Insurance earthquake court

The Labour led federal gov is hoping that this step will speed up the process for unresolved cases. The government of New Zealand is now working to create an Earthquake Court that will be meant specifically for making it possible to bring some resolution to the insurance claims in the country that remain outstanding after the massive quakes shook many parts of the country, including Christchurch. The government has also committed a certain amount of funding for a portion of the total repair bill. The Earthquake Court and the funding…

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Earthquake insurance takes off in fracking areas of Oklahoma

Julie Campbell
fracking oklahoma earthquake insurance

American scientists have now released a warning that the state could experience a major quake. Scientists in the United States have issued a warning to the businesses and residents of Oklahoma that indicates that they could experience a major quake, and this has caused a spike in the purchasing of earthquake insurance policies. This is an unwelcome added expense for those that are already paying high premiums for tornado protection. Although ground tremors have never been much of a problem in Oklahoma, they do occur on occasion. During the last…

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Homeowners insurance customers in Quebec lack an understanding of their coverage

Julie Campbell
Quebec homeowners insurance

This virtually universal problem was just demonstrated in a survey specific to that Canadian province. The results of a survey conducted by the Insurance Bureau of Canada (IBC) has shown that a strikingly large number of homeowners insurance policyholders in the province of Quebec do not have a solid understanding of the ways in which their homes and properties are protected. About half of the people surveyed erroneously felt that they had coverage against an overflowing body of water. As one in every two people in Quebec feel that their…

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Earthquake insurance reminders come in many forms

Julie Campbell
California Earthquake Insurance

From the 50th anniversary of the Great Alaskan Earthquake to the tremor in Southern California, risks remain present. Another tremor has rocked Southern California, this one on Friday, just in time for the fiftieth anniversary of the quake that occurred in Alaska and to remind business owners and homeowners of the importance of earthquake insurance. This is the second quake to strike California in as many weeks and it sends a message to property owners. Earthquake insurance is not included in the standard homeowners or business policy and should be…

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Earthquake insurance shakes up homeowner confidence

Julie Campbell
Oklahoma earthquake insurance coverage

After the 6.9 magnitude quake shook Northern California, standard policyholders wonder about coverage. Recent tremors over the last few days have spiked the number of calls that homeowners and earthquake insurance companies have been receiving in order to find out what type of coverage they have and to make sure that they do have protection if the “big one” should strike. The California quake has received the most attention, but there were two in South Carolina, as well. Those two rumbles were notably lower than their Californian cousin, at a…

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Homeowners insurance won’t save you from a rockslide

Julie Campbell
Homeowners insurance rockslide

Natural disasters feel as though they are becoming more common but many policyholders don’t understand their coverage. As the weather heads toward another shift in the changing of the seasons, the potential for a new wave of severe storms is building, and homeowners insurance customers may not know exactly what type of coverage they have when Mother Nature decides to show the world what she’s really about. Rockslides, landslides, mudslides and sinkholes are all building up a new level of threat. While many property owners may feel that they have…

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