Homeowners Gamble without Earthquake Insurance

The Daily Review: "Tougher bankruptcy laws and skyrocketing home values have increased the necessity for earthquake insurance even as trends show fewer and fewer California homeowners are purchasing coverage, officials say. Over a decade after record, devastating earthquakes rocked Northern and Southern California, less than 15 percent of homeowners have earthquake insurance...Insurance experts say it's typical for the purchase of coverage to drop with the passing of time since the last major earthquake. But they say homeowners without insurance should see the more stringent bankruptcy regulations and newfound wealth earned through the rise in the value of their homes as an alert to reassess the decision to forgo coverage and gamble on Mother Nature."

Posted by Angie on April 26, 2005 | 0 Comments

Comments

0 comments.

Thanks for participating. Comments are now closed.

Trackbacks

0 so far. To trackback this entry, ping this url:

http://www.nicheblogs.net/mt/mt-tb.cgi/123

« Irrevocable Life Insurance Trusts | Main | How to Buy an Insurance Friendly Vehicle »