It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
To TA... FYI, most of them are not able to get earthquake insurance. The insurance companies have moratoriums on it and have had it that way for quite a while. What does that tell you?!
Here is a link about earthquake insurance. Read it closely and between the lines. ww1.prweb.com...
thecabin.net...
Earthquake insurance Some insurance agents in the county are reporting an increase in calls about earthquake insurance. Dawn Brown of State Farm Insurance in Conway said their office had received three calls on Wednesday. “That doesn’t seem like too many but it is unusual,” Brown said. Not all agencies offer the insurance, she said. At State Farm, the insurance is added as an endorsement on a homeowner’s current policy. “It’s not that expensive,” she said, with the cost related to a homeowner’s deductible, price of their home and the rating of the zone where their home is located. The cost for homeowners in the Faulkner County zone from State Farm could range from $38 a year to as much as $109 a year, Brown said.
www.kait8.com...
Stephenson says this is the first earthquake rate change for State Farm in 15 years. We called other insurance companies and found out that for the most part they don't even sell the quake insurance directly, homeowners have to purchase it from a 3rd party. Only Nationwide sells their own quake insurance. Did the recent quakes bring on this rate increase? We asked Stephenson, He replied. "The recent events have been very minor to that has not been a significant factor. " Stephenson says like any kind of insurance you need to shop around, ask questions and be sure of what you are getting and what is covered before you write the check.
Insurance agents in Faulkner County say more and more people are signing up for earthquake insurance after a swarm of quakes in the past two weeks near Guy and Greenbriar. But earthquake insurance doesn't work the same as most types of insurance.
www.fox16.com...
Coy Roberts with Farm Bureau Insurance in Conway says that's because most quake policies have a deductible that's 5 or 10 percent of the value of your home. So if you have a $100,000 home your deductible could be $10,000. But Roberts says in cases of major damage it does pay off. Roberts said, "Insurance is designed for catastrophe-type stuff. And if we did have a major earthquake that 10 percent would be small price if your home was totally destroyed." The average annual cost is only about $250 but it can change depending on your home. And Coy says of the 200 people who called about quake insurance after the 4.0 earthquake 100 got it.
www.todaysthv.com...
FAULKNER COUNTY, Ark. (KTHV) -- All the quakes in the past few months have residents worried about their homes and property. That's why insurance agents have seen a spike in inquiries about earthquake insurance. Christopher Rister is a Farmers insurance agent in Greenbrier where late Sunday night they had a 4.7 magnitude earthquake. It has caused homeowners to call in droves. "I think we've talked to 50 or 60 people about earthquake insurance just today," Rister said. He says that's highly unusual. "I've been in this office for 2 and a half years and I never sold a earthquake policy until September of this last year." Since then, he's gotten many inquires about the insurance. He says the price of the policy, depends on how much your house is worth.
Here is a link about earthquake insurance. Read it closely and between the lines. ww1.prweb.com...
It looks like it's almost identical to the other larger one. I would have to say it's right around 3.5M. Unless it's location is different.