I know, I know ....... much like health and car insurance, when you have it nothing happens; when you don't, something happens.
So I live in 'foot massage' state. I have had earthquake insurance for the last 15 years. Our ex-insurance agent once said that this insurance is actually not worth it. Reasons:
1. Too expensive.
2. Likelyhood of happening is very very small.
3. If it does happen, the whole area would be a disaster and FEMA would kick in.
4. My current deductible is 20%.
5. It also does not cover the pool, block walls, etc. (basically just the house structure.)
So what do you think. What concerns me is that my equity on this house is over 3X what I owe!.
And yes, don't bother telling me to sell now....just like you, it is way too late!
