DALTX Real EstateDALTX Real EstateDALTX Real Estate
  • Home
  • Guest Post
  • Agents
  • Contact Us
  • About
  • Advertise With Us
Reading: Earthquake Insurance: It Ain’t Worth It, Say Some, but Carriers Planning Coverage in Texas
Share
Font ResizerAa
DALTX Real EstateDALTX Real Estate
Font ResizerAa
  • Home
  • Guest Post
  • Agents
  • Contact Us
  • About
  • Advertise With Us
  • Home
  • Guest Post
  • Agents
  • Contact Us
  • About
  • Advertise With Us
Follow US
© DALTX. All Rights Reserved.
DALTX Real Estate > Blog > Earthquake Insurance: It Ain’t Worth It, Say Some, but Carriers Planning Coverage in Texas
Blog

Earthquake Insurance: It Ain’t Worth It, Say Some, but Carriers Planning Coverage in Texas

1 Min Read
SHARE

Earthquake-damage

We told you all about this last week, day after Quake Day in Dallas. Under Texas law insurance carriers are not required to offer earthquake insurance, and veteran agents say they have never felt the need to write such policies.

This weekend, Pamela Yip at the Dallas Morning News quoted Randall Guttery, director of real estate programs at the University of Texas at Dallas’ Jindal School of Management, as saying earthquake insurance isn’t worth it. I think his quote is classic:

“At some point, you have to self-insure some stuff in your life or you’ll be broke.”

No duh.

Well, a source just read me a memo from a major carrier. Yep, the Texas markets are looking at carrying earthquake insurance, but it will be fluff coverage, kind of like mold. Look for coverage only for a quake of 5.0 on the Richter scale, with 5 to 10% deductibles. I love my homeowners insurance more than you will ever know, but I will not be buying earthquake insurance.

Maybe these Texas earthquakes are just nature’s way of helping us minimize?

 

This Historic Estate Near Downtown Grapevine Marries Past With Present
Winter Wonderland: What Do Your Listings Look Like All White and Snowy?
Big Box Stores Battle Deja Vu: One Walmart in Miami is the Highest Grossing WalMart in the U.S.A.
Warm Up to Five Fireplaces This Weekend on Maplewood – Traditional Out, Sleekly Contempo Inside
Don’t Let the Chilly Weather Keep You From These Incredible Dallas-Fort Worth Open Houses
TAGGED:Dallas Earthquake InsuranceDallas Natural Disasters
Share This Article
Facebook Email Copy Link Print
Previous Article High Caliber Home of the Week: Modern Style and Luxury, Squared
Next Article TIMBER! Contingent of Luxury Dallas Agents Heads to East Texas to Sell Timber Creek Ranch, Lake Cypress Springs
Popular News
DFW real estate news

Plano, Arlington Rank in the Top 25 for Best Places to Drive

MetroTex Receives NAR’s Platinum Global Achievement Award For International Programming
From Traditional To Contemporary, It’s All Under One (Faux) Roof
Novel Turtle Creek Legally Right But Dings Spirit of Zoning
White Rock Home Tour Features The Fabulous Modern of New Leaf Custom Homes Owners
about us

DaltxRealEstate.com is the largest real estate blog and the only one in North Texas.

Links

  • Privacy Policy
  • Terms of Service
  • Contact Us
  • Paid Guest Post Submission

Categories

  • Wednesday WTF
  • East Dallas
  • Monday Morning Millionaire
  • Upon Closer Inspection

Get Involved

  • Advertise With Us
  • Write for Us: Submit Guest Post

Find Us on Socials

© DALTX. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?