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Do you have Earthquake Insurance?

Last Updated: July 18, 2020 BY Michelle Schroeder-Gardner - 5 Comments

Disclosure: This post may contain affiliate links, meaning I get a commission if you decide to make a purchase through my links, at no cost to you. Please read my disclosure for more info.

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There have been many earthquakes this past year.  Do you have home insurance to cover it?

About 5 months ago I bought earthquake insurance.  It was extra and I practically had to BEG for it from my insurance company (Statefarm).  It’s an extra $60 for a year, which I don’t think is too bad.  I think it’s worth it for the peace of mind, just in case anything does happen.

While we’re on the subject of insurance, do you rent? If you do, do you have renter’s insurance?  I don’t rent, but I have many friends who are about to move into their own apartments.

How much do you pay? Do you think it’s worth it?

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5 Comments
Filed Under: Budget, House, Real Estate Tagged With: Home

About Michelle Schroeder-Gardner

Michelle is the founder of Making Sense of Cents, a blog about personal finance and traveling. She discusses how her business has evolved in her side income series. She paid off $40,000 in student loans by the age of 24 mainly due to her freelancing side hustles. Click here to learn more about starting a blog!

Comments

  1. Anna says

    August 24, 2011 at 9:20 am

    I absolutely think renter's insurance is worth it, especially as you start to acquire grown-up things. AND it's not expensive at all.

    Reply
  2. Shoe.Gal says

    August 24, 2011 at 5:48 pm

    I do not have earthquake insurance because I live in the prairies, but we do have flood insurance…not that that is the same thing but just saying. Also I own a rental property with a friend (will be blogging about that eventually) and we encourage the tenants to get rentals insurance. If something were to happen anything inside the apartment/house could literately go up in smoke, and you would not get a penny for it without the insurance.

    Reply
  3. The Hills says

    August 24, 2011 at 6:50 pm

    When we were renting, we had renters insurance through SF for about $14/month. I think the piece of mind was worth it in case anything happened to our contents. We live in Mississippi, which is very close to the New Madrid Fault – same fault that causes earthquakes around the Mississippi River area. I didn't release that, but SF recommended and added it to our homeowners policy.

    Reply
  4. Lisa says

    August 25, 2011 at 1:25 am

    I don't have earthquake insurance. My policy does have hurricane insurance.

    Reply
  5. Michelle Parker says

    August 25, 2011 at 3:36 am

    Thanks everyone for your input. Renters insurance doesn't seem expensive at all, I'll have to tell my friends.Anyone else? 🙂

    Reply

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My name is Michelle and I'm the author/owner of Making Sense of Cents. Learning how to save money and make more money changed my life. It allowed me to pay off $40,000 in student loans, start my own business, and I now travel full-time.

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