[Howard Agency]

OK, here is the generic advice we give our clients. It may not apply to you, so contact me if you have a specific question.

In California, EQ coverage is usually written with a 15% deductible, so it takes a mighty shake to collect anything. The cost varies widely depending on the 'zone' your home is in, but figure anywhere from $500 to $1500 per year. You can cover the structure or the structure and contents.

Makes some sense if:
You have a ton of equity in your home. If not, you can just walk away and give it to the bank. Not nice, but hey.

Your only real asset is your home.

It helps you sleep better or keeps your wife off your back.

And Supe, Standard home insurance covers wind and water damage, but excludes 'rising water'. So if you're the belt and suspenders type, and/or live in a high hazard area, you may need Homeowners, Flood, and Earthquake policies.