Tag Archives: Earthquake Insurance

Why Do I Need Earthquake Insurance in New England?

Why Do I Need Earthquake Insurance in New England

By Richard A. McGrath, CIC, LIA Earthquakes can happen in all 50 states and can cause severe damage that isn’t covered under your homeowners, renters, or condominium insurance policy. Yet, many people in New England neglect to purchase earthquake coverage for their homes because they think they are safe. At a recent Seismological Society of […]

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Nepal Quake: A Reminder to Have Earthquake Insurance

Nepal Quake: A Reminder to Have Earthquake Insurance

The 7.8 magnitude earthquake that struck Nepal on Saturday, has left the country in a state of complete devastation. The quake caused about $2 billion in economic losses to the country, with an estimated $800 million in property damage and long-term business interruption costs, according to an article by the Insurance Journal. My heart goes […]

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The Benefits of Earthquake Insurance in New England

The Benefits of Earthquake Insurance in New England

Living in New England, you might be asking yourself, is earthquake insurance worth it? Although New England doesn’t have a high frequency of quakes such as out in California, the answer might surprise you. Every state has some risk of damage from an earthquake, as illustrated by the 2008 U.S. Geological Survey National Seismic Hazard Map. The […]

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Natural disasters don’t necessarily have to be financial disasters

By Richard A. McGrath, CIC, LIA Recent earthquakes in Haiti and Chile, coupled with flooding throughout our own state of Massachusetts, provide reminders that natural disasters can strike anywhere, at anytime, and create billions of dollars in damages. Unfortunately, no one can predict when or where a natural disaster will strike.  And your homeowner’s insurance […]

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