Earthquakes Not Covered

Missouri residents last week experienced a 5.2 magnitude earthquake that rattled windows and shook houses. Many are now trying to buy insurance but are finding that there’s a waiting period for coverage. Several of the state’s biggest earthquake insurers have imposed a 30-day moratorium on new policies – a not uncommon practice right after quake activity.

Most property insurance policies exclude damage by earthquake. Most homeowners, business owners and business property insurance policies can include the coverage for an additional premium. You have to buy it before the quake though.

Talk with your insurance advisor.