Do you need earthquake insurance in Oklahoma?

With the bizarre increase in seismic activity in Oklahoma, several Tulsa-area clients have recently asked whether they need earthquake insurance for their home. While there is no easy answer to this question, there are a number of factors that can help you make this decision.

The Oklahoma Geological Survey reports that the Sooner State has rumbled through more than 2100 recorded earthquakes in the last year alone, occurring primarily in the central portion of the state. Tulsa residents may feel comforted to know that Wetumka and Pawnee are the closest sites to Tulsa of any earthquakes recorded at a magnitude greater than 3.01.

The U.S. Geological Survey reports that, while there are several variables that affect the amount of damage that can occur due to an earthquake, things don’t typically start falling apart until earthquakes reach a magnitude of 4.0 to 5.02. Those factors can include proximity to the seismic activity, the type of soil on which your home is built, and the type of construction used.

One great benefit of having earthquake (or any other) insurance coverage is that it can help you to rest easier, knowing that your blessings are protected in the event of a catastrophic loss. A typical earthquake policy for a 2000 square foot home might cost an average of $2-$3 per day.

For more information about Oklahoma earthquakes, visit 1 or 2

For a quote on earthquake insurance, contact me at [email protected].

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