In light of the recent earthquake and aftershocks that rocked Southern California, state authorities and experts are hoping the event convinces the public to secure earthquake insurance – especially when most of the region’s population lacks proper coverage.
According to a July 2018 study by the California Department of Insurance, only 13% of local residents had purchased earthquake insurance in 2017 – despite experts saying that there was a 99% chance that an earthquake of magnitude 6.7 or greater will hit California in the next 30 years.
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