This morning I got the scoop from insurance broker Clay Hart with Home Team Insurance. Here is what you want to know about earthquake insurance in Dallas:
- Earthquake endorsement insurance is available from just a few companies in Texas. Home Team Insurance is one of them.
- It is inexpensive - only $100-$250 a year depending on the value of the property.
- Earthquake insurance is considered to be catastrophic insurance and carries a deductible of about 10%.
- It's used when there is devastating earthquake damage - which we have no records of in Dallas.
- The chances of significant earthquake damage in Dallas are so low that almost no one has earthquake insurance here.