What is Disaster Insurance? 

Disaster insurance protects individual residences or businesses from natural and man-made catastrophes. These low-probability, high-cost events are generally excluded from standard homeowners insurance policies, which is why it’s so important to ensure you’re fully covered. 

Many homeowners policies cover only named perils—this is where the disaster is named by the insurance policy, flood insurance for example—which can vary from policy to policy and by the insurance company. Even an “all perils” policy may not include some events or contain specific policy limits. That’s where catastrophe insurance comes in. 

Different types of catastrophe insurance are available to cover the damage done by natural disasters and by man-made events. Special catastrophe insurance is available for specific natural disasters, such as flood insurance, storm insurance for hurricanes and tornadoes, earthquake insurance, and volcano insurance.

Fire vs. Earthquake vs. Disaster Insurance in California

Fire, earthquake, and disaster insurance in California serve distinct yet interconnected purposes. Fire insurance provides coverage against damages caused by fires, including property destruction and loss of personal belongings due to flames or smoke. Earthquake insurance, on the other hand, addresses the unique risks posed by seismic events, safeguarding properties against tremors, ground shaking, and structural damage. 

Disaster insurance is a comprehensive option that combines both fire and earthquake coverage, offering a broader shield against various calamities such as floods, mudslides, and other catastrophic incidents. Given California’s susceptibility to natural disasters, these insurance policies are crucial for homeowners and businesses seeking financial protection and peace of mind amidst the region’s volatile environment.

Do You Need Disaster Insurance Claim Lawyers?

If you suspect your insurance company has wrongfully denied your disaster insurance claim, it may be in your best interest to contact a lawyer who can investigate your claim for unlawful mishandling and breach of contract.

Our team at Lari-Joni & Bassell, LLP works tirelessly on behalf of every one of our clients. We don’t quit until you feel satisfied with the claim amount and feel heard by the insurance company.