When it comes to protecting your home, most homeowners assume that their traditional home insurance policy has them covered for just about everything. But here’s the truth: standard homeowners insurance does not cover damage caused by natural floods or earthquakes.
That means if an earthquake shakes your foundation or a storm floods your home, the financial fallout could be completely on you—unless you’ve added specific coverage.
Why Aren’t Flood and Earthquake Covered?
Floods and earthquakes are high-risk, high-cost natural disasters. Due to the sheer magnitude of damage they can cause, most insurance carriers exclude them from base policies. Instead, these risks require separate policies or policy endorsements that must be purchased in addition to your standard coverage.
Common Misconceptions That Could Cost You
One scenario we see far too often: a homeowner has a swimming pool that overflows during heavy rain, causing water to flood their home. Since the water came from outside the structure, that damage would not be covered under a standard home insurance policy. Without flood insurance, you’re responsible for the repair costs—even though the water technically originated on your own property.
The Risk Is Real—Even If You’re Not in a “High-Risk” Zone
Think you’re safe because you’re not in a designated floodplain or earthquake zone? Think again.
- Floods are the most common and costly natural disasters in the U.S., and over 25% of flood insurance claims come from areas considered low or moderate risk.
- California is particularly vulnerable to earthquakes, with two-thirds of the nation’s risk concentrated in the state. Yet, a shockingly low percentage of homeowners have earthquake insurance.
What You Can Do
- Review your policy. If you’re not sure whether flood or earthquake coverage is included—spoiler alert: it’s probably not—contact your insurance agent or provider.
- Add supplemental coverage. At Grand Mutual Insurance Services, we can help you find affordable flood and earthquake insurance options tailored to your property and location.
- Stay proactive. Waiting until disaster strikes is too late. The time to protect your home—and your financial future—is now.
Protect More Than Your Home—Protect Your Peace of Mind
At Grand Mutual Insurance Services, we understand how important your home is. Let us help you fill in the coverage gaps that could leave you vulnerable. Whether it’s flood, earthquake, or any other specialized coverage, our team is here to guide you every step of the way.
📞 Ready to review your coverage? Call us today or email to schedule a personalized consultation.
info@grandmutual.com
888.732.5994