The reason people don’t buy earthquake insurance is because they already do understand it. You pay outrageous rates and the deductible is 20%. I lived in a town that had a 6.9 and I doubt that I will live to see a stronger quake. My damages were repaired out of pocket and did not exceed the 20% deductible I would have incurred if I would have had insurance. Of course you need to save the money that would have been paid in premiums so you will be able to afford the repairs if needed. If they are never needed and for most people they won’t be, you get a little more for your retirement fund.
Clarity in a regulatory notice? Interesting.
The reason people don’t buy earthquake insurance is because they already do understand it. You pay outrageous rates and the deductible is 20%. I lived in a town that had a 6.9 and I doubt that I will live to see a stronger quake. My damages were repaired out of pocket and did not exceed the 20% deductible I would have incurred if I would have had insurance. Of course you need to save the money that would have been paid in premiums so you will be able to afford the repairs if needed. If they are never needed and for most people they won’t be, you get a little more for your retirement fund.