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Old 2012-04-29, 08:58 PM   #1
e268
 
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Default House Insurance

My house insurance is up for renewal. Just read that it does not cover earthquake. There is no mention of tornado damages.
It covers weight of ice, snow or sleet, ice damming, roof water damage.

Just wonder how it compares with yours.
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Old 2012-04-29, 09:36 PM   #2
nfitz
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Pretty much the same. You can add earthquake, but very few do. I actually did, but the I think the deductible was over $20,000. Didn't actually cost much ... about double the cost I think of the savings I got at the same time by increasing the basic deductible from $500 to $1000.

An earthquake that causes significant damage, compared to just some cracked plaster, is extremely unlikely. But it's nice to know that if we get flattened, that at least I'm not completely screwed ... or at least my estate get's something ...

I can look up the details on my policy if your interested.
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Old 2012-04-30, 12:14 AM   #3
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Default Tsunami Coverage Added

I was delighted to learn when my policy was up for renewal that I am now covered for any damage caused by a tsunami! Now, I can sleep better.
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Old 2012-04-30, 09:40 AM   #4
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Thanks for your replies. Last year (I think), I was home when there was a tremor from earthquake, and I felt my house shaken a bit. My next door was doing construction work, and I thought they dropped something heavy. After I read the news the next day, I realized it was the tremor from the quake. I'll give my insurer a call to get a quote.
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Old 2012-04-30, 12:11 PM   #5
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Insurers probably figure selling earthquake (and tsunami) insurance in Ontario is a safe bet. Well, unless fracking actually does cause all kinds of earthquakes.

It's quite a bit more on the west coast but there's a much higher risk of actual claims. 10% deductible here.

I live in a centenarian house and my wife owns another as an investment. We're not worried so much that they'll collapse but could suffer structural damage. More likely, they'll be consumed by ensuing fires from ruptured natural gas lines.
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Old 2012-04-30, 01:22 PM   #6
talljak
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I got a notice from my insurance company that nuclear war or nuclear holocaust is no longer covered in my home insurance.
Nuclear plant meltdown though will still be covered.
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Old 2012-04-30, 10:43 PM   #7
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Quote:
Originally Posted by talljak View Post
Nuclear plant meltdown though will still be covered.
Lots of those in Alberta?
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Old 2012-05-01, 01:02 PM   #8
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Guess my insurance is nation wide and everyone got the same notice.
Or they are planning for the future of there being on near my part of the city.
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