Earthquakes can be emotionally and financially draining. Share FEMA’s new fact sheet with your network to help raise awareness and get people thinking about the steps they can take now to reduce their financial risk from earthquakes.
The fact sheet was developed by FEMA and its partners Jumpstart and United Policy Holders. It’s the first of several items in a Financial Resilience Tool Kit under development. These materials will help people build financial resilience to earthquakes and other natural disasters and make their communities more resilient places to live.
Earthquake insurance is a key component of financial resilience and can help people recover faster and more fully. Standard homeowners’ policies don’t cover earthquake damage, so a core part of the message is to consider purchasing earthquake insurance. While total-loss coverage offers the most financial protection, partial coverage—such as parametric earthquake insurance—is better than none. Savings and income can also help fill gaps immediately after an event.