The area north of Oklahoma City is rocked by several earthquakes, one a 4.5 magnitude. There was no major damage but it makes me wonder how many people in Oklahoma have earthquake insurance. Or, how many people in Oklahoma think they have earthquake insurance and do not!!

 

Earthquake insurance is not covered by a homeowners policy unless it has been specifically added by endorsement. One can also obtain earthquake insurance by purchasing a separate earthquake policy.

 

Some areas in central Florida have gotten 11 inches of rain recently due to a very slow moving low pressure system. Many coastal Florida residents probably have flood insurance policies but I suspect many inland residents do not. Flooding (meaning rising water) is not covered by a homeowners policy. Flood insurance is usually purchased through the National Flood Insurance Program.

 

Every homeowner should know what their policy covers and, more importantly, what it does not cover!!

Henry Lowndes, Jr.

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