Delaware Business Insurance Update , "Earthquake in NJ Starts Conversations About Earthquake Insurance" 1-5-16

On January 2 in the early morning a small earthquake hit New Jersey. Most people did not even notice it, and  no property damage was reported.  So is it time now to start talking about insurance coverage for earthquakes?  In most property insurance policies , damage by earthquakes is not covered. In the Mid-Atlantic region earthquake coverage is rarely purchased by small business owners. However it may be time to start adding this coverage to your insurance portfolio. A few years ago there was an earthquake in Delaware and tremors hit PA and NY.  Many business owners do not purchase the coverage because damaging earthquakes just don't happen in our area of the MidAtlantic. However based on recent small "shakes" that our area has experienced , it is now time to have a conversation with your insurance professional about earthquake coverage.
Until next time be careful out there and know your risks.

G. Kevin Nemith President CNC Insurance Assoc. & Small Business Insurance Center
Serving DE,MD,NJ, PA, & VA
www.cncinsurance.com
www.bizinsurancetv.org




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