Thinking Ahead: Do You Have the Right Earthquake Coverage?
In Squamish, earthquakes aren’t just a distant possibility — they’re something to plan for. That’s the purpose behind The Big If: what if an earthquake happens, and your insurance doesn’t cover what you expected?
Many homeowners assume their standard policy protects them in the event of an earthquake. In reality, earthquake coverage must be added as an optional part of your home insurance, and it often comes with a high deductible.
What Does Earthquake Insurance Typically Cover?
If added to your policy, it can include:
- Structural damage to your home
- Detached buildings (like sheds or garages)
- Your personal belongings
- Temporary housing costs if your home becomes unlivable
- Additional protection for earthquake-related fire or land movement, depending on the insurer
Managing High Deductibles
Earthquake insurance often includes a percentage-based deductible (e.g., 10% of your home’s value), which can mean significant out-of-pocket costs. At InsureBC Squamish, we also offer Earthquake Deductible Buyback coverage — a way to reduce that deductible and make your coverage more practical.
Let’s Go Over Your Policy
Not sure what you’re currently covered for? We’ll walk through your home insurance policy and show you your options — including earthquake coverage and deductible buyback — so you can make an informed decision.
