29_35x90 knx_35x90
KNX Special Report: Running On Empty: Our Epic Drought | Listen Live | Twitter Q&A At #KNXDrought

Earthquake Insurance

(credit: CBS)

SoCal Homeowners Debate Value Of Earthquake Insurance After 5.1 Temblor

Insurance Information Network of California spokesperson Tully Lehman says often homeowners don’t opt in because premiums are pricey and don’t make long-term financial sense. Others aren’t taking the risk.

CBS2 / KCAL9–03/31/2014

Residents check the damage done to a road a house in Sukagawa city, Fukushima prefecture, in northern Japan on March 11, 2011.  A massive 8.9-magnitude earthquake shook Japan, unleashing a powerful tsunami that sent ships crashing into the shore and carried cars through the streets of coastal towns. (credit: FUKUSHIMA MINPO/AFP/Getty Images)

Less Than 12 Percent Of Calif. Homeowners Insured For Earthquakes

Less than 12 percent of California’s homeowners are estimated to have purchased earthquake insurance, despite the risk of earthquakes and tsunamis to the state.

03/11/2011