[Dantilla]

Wood-framed construction is the most earthquake resistant form of building.

Any quake that takes down a wood-framed house will basically mean the end of civilization in that area, and all insurance companies will be bankrupt.
Roads are torn to shreds, gas and electrical lines destroyed.

After the massive earthquake in Kobe, Japan that demolished so much, they adopted our wood-framed building codes (a friend lives there).

I had my first "fixer-upper" house during the 2001 quake. My house at the time was built to current standards, while the fixer-upper was built in 1938.
Houses weren't even bolted to the foundation until 1940. With trepidation, went to go check on the old home, not knowing what I'd find.

Nothing. Nada. No damage whatsoever.

For the great expense and huge deductibles, I go without earthquake insurance. If there was ever a need to file a claim, the insurance company is likely no better than my flattened home.