Nevada is among the most seismically active states in the country. The February 2008 Wells earthquake damaged older masonry buildings in Elko County, and the May 2020 Monte Cristo Range earthquake, centered in remote west-central Nevada, was the state’s largest in decades. Western Nevada, including Reno and Carson City, sits along active fault zones.
What a homeowners policy usually says
Most homeowners policies exclude earth movement, including earthquake. Some cover ensuing fire or water damage caused by an earthquake, such as a gas-line fire or a burst pipe. Earthquake damage to the structure itself generally requires a separate earthquake policy or endorsement.
Percentage deductibles
Earthquake coverage usually carries a deductible stated as a percentage of the dwelling limit, commonly 5% to 25%. On a $400,000 home, a 15% deductible is $60,000. Use our percentage deductible calculator to see your figure.
Where appraisal fits
Earthquake policies often contain their own appraisal provision. Disputes tend to involve cracking in stucco, drywall and foundations, and whether cracks are new or pre-existing. Documentation of the home’s condition before an event helps a great deal.