Earthquakes happen in California. They’re probably happening right now. They will happen again (and I don’t know if you’ve heard, but there’s a Big One coming). Preparing for an earthquake is one thing; recovering from one is another.
Even if you have renters insurance or homeowners insurance, you might not have earthquake insurance because it’s a totally separate insurance beast. So, how does it work? Let’s shake it down.
Glenn Pomeroy knows a thing or two. He’s the CEO of the California Earthquake Authority — a state-created “publicly managed, privately funded” entity that provides the majority of residential earthquake insurance policies sold here.