What do you know about securing the earthquake in Utah – even if you are renting

Magna, Utah – shook the buildings. The facades collapsed.

And paid insurance companies. They paid document holders who submitted claims after an earthquake of 5.7 in Magna, which was rocked northern Utah five years ago in 2020.

The Magna earthquake appears to have reinforced what was already a steady rise in Yunan to purchase the earthquake insurance.

The number of the year of independent earthquake approvals 201857,473201959,372202064,123202157,906202264,855

The earthquake insurance, direct installments in Utah (the amount of insurance premiums received by a policy insurance company that it writes):

2006: 24 million dollars; The fourteenth rank is the largest total of the United States 2019: 60 million dollars; In the eighth rank in the United States 2023: 138 million dollars; In the fifth rank, the total is the largest among the states

Matt Childe, CEO of independent Utah agents, has explained, whether that the earthquake must be purchased to the amount of risk that anyone can bear if he owns a house or another building.

And if [homeowners are] The child said: “Certainly, it is worried about it, certainly, bought it,” and understands that the peace of mind is equal to $ 1,000, 2000 dollars, or $ 3000 a year. “

The earthquake coverage is not standard in the policies of home owners, and some insurance companies will not sell the earthquake policies in Utah.

The child said that anyone who wants the earthquake's policy should speak to their insurance agent. He said that anyone who does not have an agent and finds that the provider will not sell a policy, find an independent agent, or search for your own policy in the open market.

Watch below when the earthquake occurred while Fox 13 lived on the air:

March 18, 2020, shit in Fox 13

Understand the coverage you buy and what he will do and will not cover it. The child said that if you have a brick house, the policy you buy may only cover the cost of rebuilding a house made of cheaper materials. If you want to rebuild construction, you may have to pay a higher bonus.

If you wait for a policy after the earthquake, you may be too late. The child said that many insurance companies will refuse to sell new policies during a period of final tremors.

What about tenants? Can they buy an earthquake insurance of some kind?

The child said: “If you are damaged to your personal things, things are falling from the shelf, preventing heaven from fire or the tubes explode as a result of the earthquake, all of this will be covered in the ordinary tenant's policy.”

But what if the rented drug is damaged, you can't live there anymore?

The child suggests speaking to the owner about whether the owner of the building holds an insurance policy that provides for the losses of the tenants.

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