City leaders in Johnston, Iowa have decided against earthquake insurance in the wake of two tremors this spring in Illinois and Missouri.
The City Council on Tuesday, May 20th rejected spending $4,000 a year for an earthquake policy with a $10 million limit.
City staffers say while the Des Moines suburb could experience tremors, major damage is unlikely.
Some other Iowa cities carry earthquake insurance. Cedar Rapids has $5 million in coverage, Des Moines and Urbandale have $20 million.
According to the National Weather Service, there have been 13 earthquakes with epicenters in Iowa. The first was in Sidney in 1867. The latest was near Shenandoah in 2004.
Topics Catastrophe Natural Disasters
Was this article valuable?
Here are more articles you may enjoy.
After Losing Job and Crypto, Man Falsely Claimed $1.3M From 107 Class Actions 
Hellman & Friedman’s Hub International Seeks $3 Billion in IPO 
Farmers to Pay $2.8M to Settle TPCA Class Action Lawsuit 
Florida Property Tax Cut Plan Relies on Population Boom That Has Slowed Dramatically 
