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?
- Emily BLv 41 decade agoFavorite 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.
- AnonymousLv 71 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
- Anonymous1 decade ago
If you want more info about it see this wesite
http://www.freewebs.com/getinsurance then you willbe clear