Earthquake insurance Archives - Wise Insurance Group

Home Insurance and Volcanoes

I’ve been fascinated watching the news on the Kilauea volcano eruption and its lava flows from the 17 or so vents that have opened across the area. It’s amazing to see the lava sprays and flows as it moves downhill through the forests and into populated areas. I can’t imagine what the people living in the area are going through wondering and waiting to see if their homes and anything else they left behind will be there once the volcanic activity subsides. One of the things I’ve wondered about is if home insurance covers such a force of nature as it’s engulfed about 25 homes and 10 other structures so far.

Earthquake Disaster Scenarios for north Texas

518! That’s the number of earthquakes measuring 3.0 or higher in magnitude which have occurred in Oklahoma since the start of this year. A 5.0 magnitude quake struck near Cushing last week and a 5.8 magnitude tremor struck in September. Luckily it’s been almost a year since one occurred in North Texas. What’s interesting to think about is what would happen across North Texas if a quake with a magnitude of 5.8 struck here!

Home Insurance and Earthquake Coverage

I was in my first earthquake over the Labor Day weekend. For the past few years, Sheri’s family has rented a cabin in Davis, Oklahoma for Labor Day weekend. It’s a great time to get away, be together, cook for each other, and watch too much football. I slept through the 5.8 magnitude earthquake which was felt in north Texas all the way north to Illinois. It didn’t cause too much damage to our Oklahoma neighbors, but it provides a great backdrop to revisit home insurance and earthquake coverage.

Home Insurance and the Disappearing Back Yard

Homeowner’s in Frisco finds themselves caught between a rock and a hard place as they wait for their homeowners association and neighborhood developer to decide who’s responsible for the collapsing slope behind his home. It also raises a question of what their home insurance policy covers and doesn’t cover.

Home Insurance and Soil Movement

There are 20 homes in Carrollton, Texas on Barclay Drive which back up to Dudley Branch Creek. The retaining wall behind the homes is failing causing the lots to sink as the soil begins to move downhill toward the creek. Some of the residents have filed a lawsuit against the city of Carrollton saying it’s responsible for repairing the retaining wall while the city contends it’s the homeowners’ responsibility to repair the wall. The estimated cost to repair the wall is $3 million. Home insurance won’t help the homeowners either.

Earthquakes in Texas and Home Insurance

Thirteen earthquakes struck north Texas in a 24 hour period last week hitting near the former site of Texas stadium in Irving. North Texans began asking, “Where were you when the quakes struck?” The top three quakes measured 3.1, 3.5, and 3.6 on the Richter scale, with the remaining tremors measuring between 1.6 and 2.9. Many north Texans were shaken up. Calls began to pour in to city offices, fire and police departments, as well as offices of homeowners’ insurance agents.

Your Home Insurance Doesn’t Cover This

I helped several people with their home insurance last week. They all own or are buying homes in the Dallas / Fort Worth area. In each case I discussed what their new home policy covers, but one seasoned home owner asked me something different and that was what does his policy not cover.

Mudslides, Landslides and Home Insurance

On March 22nd, a hillside that was saturated with water from earlier rains gave way. A wall of mud, trees, and debris swept over the North Fork of the Stillaguamish River and covered an unincorporated area known as Steelhead Haven located 4 miles east of Oso, Washington. Mud, trees, and other debris covered an area of Steelhead Haven measuring 1,500 feet long, 4,400 feet wide and between 30 and 40 feet deep, roughly 1 square mile.

Earthquakes and Home Insurance

zle, Texas has been in the north Texas news a lot lately. The reason is earthquakes. In the past 12 months, the residents of Azle have experienced 33 earthquakes, with 30 of them happening since November. The quakes have registered anywhere from a 2.1 to a 3.7 on the Richter scale. Mineral Wells, a town to the west of Azle, has experienced 3 earthquakes within the same time period.

4 Holes In Your Home Insurance

Do home insurance policies cover everything? No! There are coverage holes in every home policy as to what they cover and what they don’t cover. In last week’s post, I introduced 3 Items No Home Policy Covers, http://50.87.248.161/~wiseinsu/3-items-no-home-insurance-policy-covers/, including:

Tag: Earthquake insurance

Home Insurance and Volcanoes

Earthquake Disaster Scenarios for north Texas

Home Insurance and Earthquake Coverage

Home Insurance and the Disappearing Back Yard

Home Insurance and Soil Movement

Earthquakes in Texas and Home Insurance

Your Home Insurance Doesn’t Cover This

Mudslides, Landslides and Home Insurance

Earthquakes and Home Insurance

4 Holes In Your Home Insurance

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