In California, earthquakes are a part of life. What most people don't realize is that most residential insurance policies do not cover earthquake damage - a separate earthquake policy is required. Without earthquake insurance to help you cover the cost of repairs and other expenses that come with catastrophic damage, you will pay out-of-pocket to fix up your home, to replace your personal property, and to live and eat elsewhere.

When you decide to purchase earthquake insurance, remember you should buy enough to cover the costs of rebuilding your house and replacing broken possessions. The amount of insurance you buy should be based on replacement and reconstruction costs, not the market value of your property and possessions.  A generally accepted rule of thumb is that you should not risk more than 10 percent of your liquid assets. A large earthquake could mean:

• 10 to 100 percent of your home's structure could be damaged or destroyed
• Up to 20 percent of your belongings could be damaged
• $700-$3000 a month for temporary rent and relocation costs

Do not make the mistake of thinking earthquakes are regional or too far in-between - every area of the country is at risk for earthquake damage. Although some areas are much more of a risk than others, no area is immune.

For more information or to get an Earthquake Insurance quote, call 916-739-8989.

Jack Chew & Co. Insurance has over 60 years of experience helping families and businesses in Sacramento, Elk Grove, Roseville, Natomas, Citrus Heights, Carmichael, Vacaville, Stockton and Modesto. As California insurance brokers, we are confident that we can find the best combination of price, coverage and service to meet all your insurance needs.