Delaware Business Insurance Update from CNC Insurance Associates, "Napa Valley May Open up New Conversations About Earthquake Insurance 9-1-14

Most business owners in the US do not have earthquake insurance.  The frequency of earthquakes is so rare in most parts of the country that insurance coverage is not bought. Last week Napa valley registered a 6.1 earthquake that caused an  estimated 4 billion of damage. Early reports state that most of this damage will be uninsured.  So how do insurance professionals get more people to buy the right earthquake protection. The first step is starting the conversation.  In most insurance meetings earthquake conversations are like earthquakes, very rare. It is time for agents and brokers to educate clients that earthquake insurance should be part of their insurance protection. In areas where quakes are rare, the insurance premiums are usually very affordable.  Lets hope that more business owners will consider earthquake coverage in the near future. As the damage from Napa, is revealed and more stories of uncovered damage surface, maybe the conversation of buying earthquake coverage will begin sooner than later.
Until next time be careful out there and know your risks
G. Kevin Nemith,, President CNC Insurance Associates & The Small Business Insurance Center
Serving DE, MD, PA, VA, & NJ
www.cncinsurance.com
www.bizinsurancetv.org



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