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Insurance Coverage in Earthquake Disasters

Earthquakes bring to mind a number of issues: How likely is an earthquake to occur at any location? What is the amount of insurance coverage is there on property in a prone area? And what coverage is provided by such insurance?

By Christine G. Barlow, Susan Massmann | Updated on January 20, 2010

Copyright (C)2010 The National Underwriter Company. All rights reserved. Cannot be reprinted or republished without expressed written content.

On January 12, 2010, a magnitude 7.0 earthquake struck the island of Haiti. The quake has affected almost three million people, and aid is arriving from many countries. Estimates put the economic damage in the low billions of dollars, and fatalities are expected to be in the hundreds of thousands.

On May 12, 2008, a 7.9 magnitude earthquake hit the Sichuan Province in Western China, killing 87,587 people and leaving more than 18,000 missing.

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