Rusty
Lv 4
Rusty asked in Business & FinanceInsurance · 1 decade ago

Earthquake Insurance Deductable?

I live in Las Vegas and just checked into Earthquake Insurance. For about $350, and a deductable of $50.000 (50K) I can get it. Does the deductable seem excessive to anyone else?

3 Answers

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  • 1 decade ago
    Favorite Answer

    In Nevada you'd have a hard time getting a lower deductible than that. Insurers are not willing to accept too much exposure to loss for EQ since it is catastrophic coverage and usually only people close to fault lines are interested in buying it anyway.

    EQ deductibles are usually based on a percentage of the building's value.

  • 1 decade ago

    The deductible is always a percentage of the building value. Personally, I think building values in Las Vegas are excessive.

    Source(s): agent, 20+ years
  • Anonymous
    1 decade ago

    Hi

    If you want more info about it see this wesite

    http://www.freewebs.com/getinsurance then you willbe clear

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