Affordable quake insurance - Los Angeles Times

state insurance earthquake

Affordable quake insurance

Earthquake insurance remains unappealing to the vast majority of Californians, but a bill sponsored by the state's two U.S. senators could help remedy that by slashing the cost of coverage.

The earthquakes that devastated Christchurch, New Zealand, and northern Japan in quick succession have prompted many California homeowners to bolt their houses to the foundations and stock up on emergency supplies. But the ultimate in protection for their homes — earthquake insurance — remains unappealing to the vast majority of state residents. A new bill (S 637) sponsored by the state's two U.S. senators could help remedy that by slashing the cost of coverage. It may be hard for other lawmakers, whose constituents live far from the San Andreas fault, to see why the federal government should get involved. But there's a good reason for Congress to act, espec... http://life-insurance.ucoz.com/news/state_insurance_earthquake/2013-06-04-3019