Q: If Walt Disney returned, what do U think he would do first? SUBSCRIBE FOR MORE BLACK NERD COMEDY: bit.ly Brenda Song Caused the East Coast Earthquake??? – Black Nerd Rants A 5.8-5.9 earthquake from Virginia shook the entire east coast the same day it was announced that Brenda Song is…
1. Hurricane Irene: dead aim at US east coast 2. 5.9 earthquake in Virginia rattles US east coast 3. Australia’s Suncorp makes profit despite huge CAT losses 4. Omega’s travails over past year sees shares down 40% 5. CNA Select Risk names Stark 6. Branson’s Necker Island wrecked by Irene Video Rating: 4 / 5
Magnitude 5.8 Date-Time Tuesday, August 23, 2011 at 17:51:04 UTC Tuesday, August 23, 2011 at 01:51:04 PM at epicenter Time of Earthquake in other Time Zones Location 37.936°N, 77.933°W Depth 6 km (3.7 miles) Region VIRGINIA Distances 8 km (5 miles) SSW (195°) from Mineral, VA 11 km (7 miles) SSE (148°) from Louisa, VA 29 km (18 miles) NE (45°) from Columbia, VA 61 km (38 miles) NW (317°) from Richmond, VA 135 km (84 miles) SW (217°) from Washington, DC Location Uncertainty horizontal +/- 2.3 km (1.4 miles); depth +/- 3.1 km (1.9 miles) Parameters NST= 22, Nph= 23, Dmin=50 km, Rmss=0.44 sec, Gp= 79°, M-type=centroid moment magnitude (Mw), Version=B Source Southeast US Seismic Network Event ID se082311a Video Rating: 5 / 5
Question by Mikey B: Where can I purchase a stand-alone earthquake insurance policy for a residence in the state of Virginia?
I had earthquake insurance for several years with a well known company as part of a home owners’ policy. Unfortunately, they have recently notified me that they are no longer going to cover residents of Virginia. I could change companies but, this is a hassle and I lose the discounts that I have earned over the years for not having filed a claim. Therefore I would like to find a policy that covers only earthquake damage. Thank you for your help with this matter. It is greatly appreciated.
Answer by mbrcatz17 Well, ANY property carrier should be able to do it, but it’s NOT going to be as cheap as it was on your homeowners policy.
So if your current policy is through an independent agent, ask them to get you a quote on stand-alone earthquake coverage. If it’s through an Allstate, or State Farm, they likely won’t be able to help you, as you’re MOST likely looking at a surplus lines carrier.
SO. You’ll need a referral from your current agent, to an independent that will be willing to help you.
Keep in mind, this policy will PROBABLY have a minimum premium of around $ 2500, with a 5% deductible. That’s the cost to issue this type of policy. You were PROBABLY paying around $ 200 to $ 300 on your homeowners policy. There’s a HUGE price difference. You REALLY might be better off moving the homeowners policy.
Know better? Leave your own answer in the comments!