Q: I was recently offered earthquake insurance from my carrier. My thoughts are that it would make more sense to retrofit the house, as you mentioned in a recent article, rather than pay a monthly premium for insurance. What are your thoughts on this? I live about 45 minutes north of San Francisco.

A: The answer of whether to buy earthquake insurance lies in a cost-benefit analysis and your tolerance for risk. A rider covering earthquake damage on a homeowner’s insurance policy can double the cost of the coverage and typically comes with a whopping 15 percent deductible.

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