If you thought that earthquakes were just an isolated phenomenon, last year’s east coast shaker that trembled even Connecticut may be an eye opener. h fact is that about 5000 earthquakes occur yearly in the US, according to the Insurance Information Institute, with quakes of various magnitudes occurring in 39 states since 1900. When it comes to insuring against quake-related damage, you should know that earthquake damage is not covered under the standard homeowners or business insurance policy. While it is common for property insurance to cover fire resulting from an earthquake, these policies typically exclude damage from earth movement. For that, it is necessary to purchase a rider to existing property insurance. Otherwise, a supplemental policy might be necessary.
Not Good Enough
While a recent report released by the Substance Abuse and Mental Health Services Administration indicates that fewer Americans are driving drunk or on illicit drugs than previously, the number who are doing so is still alarmingly high. During a recent three-year period, more than 30 million Americans admitted to driving drunk, and more than 10 million said that they drove on illicit drugs. These numbers represent slight reductions in the number of impaired drivers, but they are certainly nothing to be proud of. The problem seems to be most serious among drivers in the 16-to-25 age group, nearly 20 percent of whom indicated that they had driven while drunk during the previous 12 months. Impaired driving remains a serious problem.
NOTE: According to the Substance Abuse and Mental Health Services Administration, 11.4 percent of drivers aged 16 to 25 said they drove on illicit drugs during the previous 12 months.
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Here you will find information regarding the value of coverage and news related to insurance coverage and financial services.
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