Pin It
Favorite

To insure or not to insure? 

by Dan Richardson


Earthquake insurance for homeowners is cheap, unless an earthquake strikes. That's because the premiums are about $10 to $15 a month for a frame-built house, but the deductibles on a quake-damaged house start in the thousands, insurers say.


For a Spokane frame-built house built in the 1970s and valued at $150,000, one company offers earthquake insurance for $169.50 a year, says Beth Kummer at Buck & amp; Affiliates insurance agency. For that same residence built of bricks, the pricetag jumps to $498 -- and many other companies don't insure brick homes at all.


Spokane insurers report receiving only a couple of call apiece for earthquake insurance since the recent tremors. Many homeowners are put off by the high deductibles; they usually start at about 10 percent of the home value.


"Earthquake policies are really only for major events," says Kummer.


Some Washington seismologists have purchased earthquake insurance. Others, like USGS geologist Tom Frost in Spokane, do not. But Frost has made emergency home preparations, and has advised friends in Seattle to purchase the insurance.


A little preparedness, says Frost, "goes a long way." --
  • Pin It

Latest in Comment

  • Hiring Among Friends
  • Hiring Among Friends

    What's wrong with this picture? Todd Mielke wants the top job in Spokane County and his colleagues get to decide
    • May 20, 2015
  • Walking to Where, Exactly?
  • Walking to Where, Exactly?

    Publisher's Note
    • May 20, 2015
  • Too Early to Tell
  • Too Early to Tell

    What's your opinion of Emily Farris? Hint: You probably shouldn't have one yet
    • May 20, 2015
  • More »

Comments

Subscribe to this thread:

Add a comment

Today | Sun | Mon | Tue | Wed | Thu | Fri
The Battle of Deep Creek

The Battle of Deep Creek @ Medical Lake

May 23-25

All of today's events | Staff Picks

More by Dan Richardson

  • Book Review

    Opening the pages of To America is like sitting beside Stephen Ambrose as he tells stories from his deathbed. Dying of lung cancer, he seems to be racing with mortality to inscribe a record of his life as a historian, as an American, and
    • Dec 9, 2002
  • Eyes on the Prize

    A new city means new government, and that means more news coverage, especially from print publications. The region's two newspaper titans are looking from their respective headquarters over to a potentially huge core of readers, advertis
    • Jul 31, 2002
  • Air to the Throne

    Some climbers approach the vertical plane with a grace and balance honed by years on the rock. Others flash through tricky sequences of moves with inborn talent. Lucas Morgan climbs with a bit of both. Morgan, of Spokane, is an up-an
    • Jul 18, 2002
  • More »

Most Commented On

  • This Old House

    If it could talk, it could tell stories of three generations, along with a lot of griping from neighbors
    • Apr 29, 2015
  • On a Roll

    Just-announced reforms do little to safeguard Spokane against the danger of oil trains
    • May 6, 2015
  • More »

Top Tags in
News & Comment

Comment


Briefs


Publisher's Note


marijuana


education


© 2015 Inlander
Website powered by Foundation