Special Coverage Maximizes Your Property's Value Effortlessly
Financial Benefits and Cost Considerations
While special coverage might seem like an added expense, it can actually be a cost-effective investment. The average cost of flood insurance, for example, is around $700 per year, but this can vary based on location and risk factors1. Earthquake insurance costs can range from $800 to $5,000 annually, depending on the property's proximity to fault lines2. These costs are relatively small compared to the potential financial impact of an uninsured disaster.
Real-World Examples
Consider the case of homeowners in California who, after the 1994 Northridge earthquake, faced significant financial losses due to insufficient coverage. Those with earthquake insurance were able to rebuild and recover more quickly, demonstrating the value of having the right coverage in place3.