Should I Consider Earthquake Insurance?

In the 10 years spanning 1997 to 2007, there were 45 earthquakes recorded in Maine by the Maine Geological Survey (READ MORE). While most of the tremors were small, three incidents registered above 5.0 on the Richter Magnitude Scale.

There is clearly the history of and the opportunity for earthquake activity in Maine. While your lender may not require you to purchase earthquake insurance in Maine, it might be worth exploring what your premium would be to add this coverage endorsement to your policy.

Earthquake insurance riders are much less expensive in New England than they are in states with more volatile earthquake histories. Please discuss this coverage with your Cole Harrison Insurance agent. You may call your local office or use the EMAIL or QUOTE links at left to initiate contact with the Cole Harrison Agency via the Internet.