Earthquake Insurance: It Ain’t Worth It, Say Some, but Carriers Planning Coverage in Texas

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Earthquake damage

We told you all about this last week, day after Quake Day in Dallas. Under Texas law insurance carriers are not required to offer earthquake insurance, and veteran agents say they have never felt the need to write such policies.

This weekend, Pamela Yip at the Dallas Morning News quoted Randall Guttery, director of real estate programs at the University of Texas at Dallas’ Jindal School of Management, as saying earthquake insurance isn’t worth it. I think his quote is classic:

“At some point, you have to self-insure some stuff in your life or you’ll be broke.”

No duh.

Well, a source just read me a memo from a major carrier. Yep, the Texas markets are looking at carrying earthquake insurance, but it will be fluff coverage, kind of like mold. Look for coverage only for a quake of 5.0 on the Richter scale, with 5 to 10% deductibles. I love my homeowners insurance more than you will ever know, but I will not be buying earthquake insurance.

Maybe these Texas earthquakes are just nature’s way of helping us minimize?



Candy Evans

A real estate muckraker, Candy Evans is one of the nation’s leading real estate reporters. She is also the North Texas real estate editor for, CultureMap Dallas, Modern Luxury Dallas, & the Katy Trail Weekly. Candy has written for Joel Kotkin’s The New Geography, Inman Real Estate News, plus a host of national sites. Constantly breaking celebrity real estate news, she scooped former president George W. Bush's Dallas home in 2008. She is the founder and publisher of her signature, and, devoted to the vacation home market. Her verticals have won many awards, including Best Blog by the venerable National Association of Real Estate Editors, one of the nation’s oldest and most prestigious journalism associations. Candy holds an active Texas real estate license but does not sell. She is on the Board of Directors of Braemar Hotels & Resorts (BHR).

Reader Interactions


  1. Denise Todd says

    Nice blog! Having home insurance itself covers all the damage caused by natural disasters so earthquake insurance is quite worth it. To restore your damage having insurance is much important, but sometimes the insurance companies deny to pay you back so some people hire a public adjuster such as for claiming insurance and can restore the damage.

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