Piffer OT - And Other Assorted Nuts Message Board

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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: accountclosed who wrote (8666)	11/30/1999 2:23:00 PM
From: The Phoenix	Read Replies (1) of 63513

HA!.. Earthquake insurance is more expensive than homeowners insurance. The deductible is either 10% or 15% depending on which insurance you take. It typically does not cover attached structures such as patio covers or detached buildings or garages. It does not cover damage to concrete patios or driveways. With a typical house costing $350K in So Cal and $600K in the bay area the insurance would only be useful if you had $50K of damange (SO CAL) or $90K of damage (NO CAL)...you pay that then the insurance will help with the rest. Given the single family wood structures of homes out here the only time insurance is helpful is if your home is knocked off the foundation - unlikely if you have the proper work done to secure the house to the foundation. In all - earthquake insurance is a friggn joke out here. OG

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