Should you get earthquake insurance?

The factors stirring up a home insurance storm

The cost of the average home insurance premium shot up 33% between 2020 and 2023 in the US, a trend mimicking heightened inflation. But beyond the cost, insurers are also pulling out of major markets like Florida and California, and millions of policies aren't being renewed as the number of $1B weather disasters continues to increase each year. Read up on the difficulties the home insurance market faces here.

Earthquakes of identical magnitudes are unlikely to cause equal damage because magnitude only measures energy released, and earthquake severity depends on environmental factors, such as local architecture and geological conditions.

Homes in areas increasingly prone to natural disasters often aren't covered by private insurance

Instead, they're often covered under insurance plans of last resort, known as FAIR (Fair Access to Insurance Requirements) plans. However, as more and more homes become covered by FAIR, the program is facing strain. This interactive visual helps explain the new problems FAIR is facing.

Rather than predicting them in advance, earthquake early warning systems detect tremors moments after they begin and send notifications that reach users before the seismic activity does.

The frequency of earthquakes and the distribution of their magnitudes have not changed significantly over long-term records, but technological improvements have enabled scientists to detect more of them as they occur.

Because the Richter scale was calibrated to crustal and mantle properties in Southern California, seismologists have instead used the moment magnitude scale to quantify earthquakes since the 1970s.

Flood insurance policies from the National Flood Insurance Program cost just over $1,100 per year on average

Private residential policies range from $600 to $2,800 per year. Taking steps to lower flood risk in your home, such as installing flood vents or elevating home utilities, can make premiums cheaper.

If, not when: An earthquake is destined to destroy the Pacific Northwest.

When the Cascadia fault line ruptures, it could be North America’s worst natural disaster in recorded history. Read a deep dive into the history of the region and the potential impact of the eventual seismic boom.

What makes the Earth shake?

Researchers are demystifying the science of earthquakes—from their origins deep within the Earth to the scales that measure their strength. This article, which was part of a series of weekly reports from Cornell University, serves as a guide to...

Visualize the power and frequency of earthquakes across the moment magnitude scale, where a whole number increase corresponds to about 32 times more energy released.

Predicting earthquakes is difficult because different rock types can withstand different amounts of stress before breaking and melt at different temperatures within Earth's interior, introducing uncertainty into predictive models.

View the 10 largest earthquakes ever recorded as of 2025, led by a 1960 magnitude 9.5 earthquake in Chile, which left about 2 million people unhoused.

Mortgage insurance offers help to buyers who can’t afford to put down 20% up front

Buyers who need mortgage insurance end up paying more per month on top of their loan to cover the added insurance. At its core, mortgage insurance helps buyers purchase a home they can’t afford, letting them put down 20%, while protecting lenders offering potentially risky loans.

View a map of the world's major earthquakes from 1956 to 2022, which can be used to identify tectonic plate boundaries.

Although earthquakes cause about 80% of tsunamis, almost all earthquakes lack sufficient energy to cause the sudden shift in the ocean floor needed to substantially displace enormous volumes of water.

Small elevation differences drastically protect homes in hurricanes

The construction of seaside homes has long involved building residences on elevated stilts, but this feature adds costs—and some elevated homes still fail. Explore the engineering behind the ideal height of a hurricane-proof building.

Some earthquakes can produce smaller tremors called boomerang earthquakes, which travel in the opposite direction and ripple back to the original earthquake's source.

Life insurance policies are often recommended for people with financial dependents

If you’re a parent, spouse, business owner, homeowner, or if you hold a lot of debt, you might want to consider life insurance. It can replace a loss of income or pay off debt.

Tectonic earthquakes are caused by tectonic plates sliding past one another at fault zones, deforming rock through friction as energy builds like a stretched rubber band.

If you decide to buy term life insurance, coverage will eventually expire

If you decide to buy term life insurance, you’ll no longer have coverage once the agreed-upon timeframe is over. You can always plan ahead to pay off major expenses before your coverage ends, but if this doesn’t happen, you may need to renew or replace your policy.

The world's largest earthquake simulator is an 800-ton shake table facility in Miki, Japan, which was built to test the resilience of structures after the 1995 Kobe earthquake killed over 6,000 people.

Most life insurance policies cover death by natural causes or accidents

However, some other causes aren’t always covered. Suicide in the first two years of coverage, high-risk activities or jobs, and war or terrorism aren’t typically covered by life insurance, for instance. However, some added benefits (or “riders”) can account for some of these situations.

Life insurance can can cover funeral expenses, loss of income, and more

Life insurance can act as a financial safety net if your main financial provider dies. Among other things, it can cover any debts that were left behind. In this video, a Yahoo Finance contributor dives into why life insurance could be the key financial protection your family needs.

Techniques to earthquake-proof a building include the use of counterweights, such as a massive column or pendulum, to dampen the impact of seismic activity and isolating a building's structure from its base.

Private mortgage insurance protects the lender rather than the borrower

Also known as a “PMI,” private mortgage insurance may be required for those who have a conventional loan and put less than 20% down on their home. A PMI could also be required for someone refinancing their mortgage if they have less than 20% equity remaining in the property.

Should you give up a car in retirement?

Did you know that drivers over the age of 74 tend to pay higher car insurance rates than most other age groups? That small fortune in auto insurance payments is just one reason some people give up a car when they retire. If you're curious about the pros of getting rid of your car when you retire, read this article.

Some people don't like talking about life insurance—perhaps because they fear death

But CBS News business analyst Jill Schlesinger makes a case for why life insurance is worth discussing anyway on this "CBS Mornings" segment. She also reviews the different types of life insurance, who can be a beneficiary, and other basics.

Surprising costs associated with homeownership include taxes and roof maintenance

Owning a home includes not just expected costs such as a mortgage, homeowners insurance, and landscaping, but also less-obvious expenses like property taxes, repairing and maintaining one’s roof and HVAC system, and HOA fees.

States with the most million-dollar homes

As of 2024, the US has 621 cities where a typical home costs $1M or more. California has more million-dollar cities than any other state by a long shot, with 218. New York comes in second with 76. Want to see where other states rank? Check out this map to learn more.

Life insurance offers peace of mind, ensuring that loved ones are financially supported after one's passing

People typically apply for life insurance policies through specific companies or online marketplaces. This video offers more information that's important to know when considering buying life insurance.

The Ring of Fire, which spans 40,000 kilometers (24,900 miles) around the Pacific Ocean, is the most geologically active region on Earth.

California has the highest median rent in the US at $2,104

Hawaii has the second-highest median rent in the US at roughly $1,942 per month, including utilities. That's as of 2024, based on data from the US Census Bureau.

About 88% of all homebuyers feel their home is a good investment.

Scientists determine earthquake locations by comparing how long it takes different seismic waves to be detected at three stations around the world, from which an origin, or hypocenter, can be triangulated.

A life insurance cost calculator

The overall cost of life insurance coverage ranges widely. Factors like your term length, death benefit (the money paid out after death), health and lifestyle, and any added benefits can drastically change your monthly cost. This calculator can help you determine how much your desired coverage could run you per month.

See the annual income required to purchase a typical three-bedroom home in each state as of 2025, based on a 10% down payment, a 6.65% interest rate on a 30-year fixed mortgage, and a 30% income-to-housing cost threshold.

Permanent life insurance policies can sometimes help you cover expenses, access cash, and more

If you’re planning on purchasing permanent life insurance, your policy will come with a cash value (which acts like a savings account). To make the most of this account, you could pay your life insurance premium, apply it towards a loan, or put it towards long-term or terminal care.

Reported earthquake magnitudes often change because initial values are based on limited information, whereas revised magnitudes account for factors such as fault size, rupture duration, and seismic wave behavior.

Why car insurance rates are skyrocketing

The average annual premium for auto insurance coverage in the US rose 26% in 2024, and rates are only expected to increase. The rate hikes aren't simply a result of more people getting into crashes. This video explores how a lack of trained auto mechanics, a tighter supply of used vehicles, record healthcare bills, and litigation are contributing to higher monthly insurance bills.

Most states don't require homeschool students to take standardized tests.

57% of future homebuyers plan to put down less than the recommended 20% on a house

Historically, experts have recommended buyers put down 20% on a house when buying. But due to rising housing costs and the cost of living, this goal is unattainable for many buyers.

The San Andreas Fault is an example of tectonic plates sliding past each other

The transform boundary divides the opposing movements of the Pacific and North American tectonic plates, which create shear zones that distort and fracture rock. These movements produce shallow earthquakes as rocks are gradually displaced hundreds of miles.

Thunderquakes—seismic waves created when lightning strikes the ground—have enabled scientists to image underground environments near Earth's surface by detecting vibrations along subterranean fiber-optic cables.

The two main types of life insurance are term and permanent

The biggest difference between the two is how long they cover the life of the insured person and how much they cost. This guide can help you learn more about term and permanent life insurance, plus their different variations, to choose the right policy for you.

Many 'cheap' retirement destinations contain hidden costs

Considering factors outside of housing and state income tax is crucial when thinking of an inexpensive place to retire. High energy bills, grocery tax, and insurance premiums are just a few things to look out for when picking where to live.

What is the Cascadia subduction zone?

A look at the Cascadia subduction zone, where the historical record suggests the Pacific Northwest is due for a devastating mega-earthquake in the coming years.

See how a 2018 fire in Paradise, California, exposed the limits of emergency coordination

This Frontline documentary shows how the Camp Fire stretched and ultimately overwhelmed the complex web of agencies involved in emergency response, including fire suppression, 911 dispatch, law enforcement, and emergency management, with catastrophic results.

America's most expensive ZIP codes

Real estate brokerage Clever evaluated home prices using Zillow and listed the top 10 priciest ZIP codes. Eight of the top 10 regions are located in California. Check out the full list here.

Securitization has become common practice in home financing

When a homebuyer finances with a lender, they aren’t necessarily the one footing the bill. After a buyer secures a home loan, the lender can sell the loan to another financial institution or a private institution. That group can later sell that mortgage to investors. This is called securitization.

Term life insurance costs about $80 per month

Permanent life insurance, on the other hand, can run you anywhere between $540 and $700 a month. However, the average monthly cost can vary depending on your age, sex, and policy type.