The Earthquake Insurance Act

The Earthquake Insurance Act is a law designed to provide financial protection to homeowners against damage caused by earthquakes. It ensures that people can secure insurance coverage specifically for earthquake-related losses, such as structural damage to homes and personal property. The Act often sets guidelines for insurance companies, mandates transparency in policy terms, and may include government incentives to encourage residents in earthquake-prone areas to obtain coverage. By promoting earthquake insurance, the Act aims to reduce the financial impact of seismic events on individuals and communities.