The cost of California earthquake insurance is lower than most think

San Andreas Fault Line California earthquake insurance

The hope is to make the coverage more affordable so a larger number of homeowners will buy it. The leading barrier to the purchase of California earthquake insurance is its cost. It is an expensive form of additional coverage. Many homeowners feel it is simply out of their financial reach. CEO Glenn Pomeroy of the California Earthquake Authority says homeowners feel the premiums are too high. That said, Pomeroy also spoke to real estate agents in Santa Rosa this week and explained that his organization has new options. Homeowners frequently…

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