Frequently Asked Questions
Do I need flood insurance if I'm not in a flood zone?
Yes - FEMA reports more than 25% of NFIP claims come from outside high-risk zones. Standard homeowners policies exclude all flood damage. NFIP policies average $786/year; preferred-risk policies start near $400/year.
How much does earthquake insurance cost?
In California (the highest-risk state), CEA earthquake policies average $800-$3,000/year with deductibles of 5-25% of dwelling coverage. Outside California, premiums are typically $100-$500/year. The high deductible means it's catastrophic coverage, not nuisance coverage.
What disasters are covered by standard home insurance?
Fire, lightning, windstorm, hail, explosion, vandalism, and theft are typically covered. Hurricane wind is covered, but separate hurricane deductibles (1-5% of dwelling coverage) apply in coastal states. Storm surge is flood, not wind, so it's excluded.
How long does an NFIP policy take to kick in?
30 days from purchase for new policies, unless it's required by a lender at closing on a home purchase. Don't wait for a storm to approach: buy well ahead of time.
Is earthquake insurance worth it outside California?
It depends on your seismic zone. The New Madrid fault area (Missouri, Tennessee), the Pacific Northwest (Oregon, Washington), and parts of Alaska carry real risk. The high deductible (10-25%) makes the coverage useful only for catastrophic damage.
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This calculator provides estimates based on general assumptions. Actual insurance costs and coverage vary by insurer, location, and individual risk factors. Not a quote or binding offer. Contact insurance providers directly for accurate quotes and coverage options.