Hosto Provides Great Deals On Homeowners And Earthquake Insurance In Edwardsville, Glen Carbon, Maryville And Troy
Did you know that Missouri is the third-largest market for earthquake insurance in the US? So it stands to reason that homeowners in Illinois and the greater St. Louis metro area should consider earthquake insurance for themselves.
You might think, living so far away from California, that you’re safe from earthquakes, but that’s not the case. In fact, earthquakes have been recorded in a majority of US states in the last century, with approximately 90% of Americans living in a seismic zone. Southern Illinois is in one of those zones.
The New Madrid seismic zone in the Midwest is responsible for seismic activity such as earthquakes in Illinois and seven other neighboring states. This is the fault line responsible for the terrifying, high-magnitude earthquake in 1811 that produced violent aftershocks for months afterward and turned the Mississippi River into a 20-foot tsunami. The New Madrid seismic zone has continued to produce minor quakes since, which gives homeowners in the area a false sense of security regarding earthquakes. However, scientists predict that the New Madrid fault could be responsible for another major earthquake with a magnitude of 6.0 or higher within the next 15 years.
Illinois homeowners should prepare for a major earthquake by making sure their furniture and belongings are secure, having a plan the whole family knows in case of emergency, and looking into earthquake insurance to protect their home and belongings.
What does earthquake insurance cover?
Standard homeowners insurance policies do not cover earthquake damage, so if you want to protect your home from damage resulting from seismic activity, you should consider adding an earthquake insurance policy.
When an earthquake hits, buildings can crack or split. This kind of extreme damage is covered by earthquake insurance. Different earthquake policies cover different things, but the most common items covered include:
- Rebuilding costs
- Damage to land, walkways, or driveways
- Personal belongings and valuables
- Emergency building or land repairs
- Water damage directly caused by seismic activity
When choosing an earthquake insurance policy, you should also consider some of the following: How high is the deductible? Does the policy cover your home or other structures on your property too, like garages? What exclusions or limitations are there?
Protect your home
With the risk of a high-magnitude earthquake looming, you should consider adding an earthquake insurance policy to supplement your homeowners insurance. Make an appointment with us and we can discuss your insurance needs and build a plan that will protect your home, belongings, and loved ones from earthquakes and more.
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What Does Great Homeowners Earthquake Insurance Look Like?
In Illinois, you want your insurance policy to help you if you suffer a loss due to fire, theft, vandalism, or other covered events. A great home insurance policy will also cover you in the event someone is injured while on your property and wins a legal judgment against you.
However, insurance policies differ by the type of residence you own, what coverages you choose to include, and what particular losses are covered. No matter what type of residence you have, Hosto Financial & Insurance Services will work with you to find an Illinois home insurance policy that fits your needs. We specialize in making it simple to choose coverage that gives you the value you need for the best price.
The amount you’ll pay for an Illinois home insurance policy depends on:
- Options you choose – Options are priced individually, so how much you’ll pay for your policy depends on the coverages you buy.
- How much you want to cover – Higher deductibles usually lower your premium price by shifting part of the loss payment to you. For example, if you had a $500 deductible, you would be responsible for paying the first $500 of the covered loss.
- Where you set your limits – You may choose to set higher limits than the recommended amount if appropriate to your situation and needs.
Ask about Umbrella Insurance Policies if you wish to extend coverage.
The amount you pay for your homeowners insurance in Illinois depends on the following assets you want to protect:
- Protection for Your Home
- Protection for You and Other People
- Medical Coverage
- Additional Living Expenses
- Protection for Your Belongings
- Scheduled Personal Property Coverage
- If You Rent Out Your Home
Call Hosto Insurance @ 618-779-5808 and ask us about any of the following additions to a home insurance policy. We would be delighted to help!
Call us today @ 618-779-5808
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