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Fewer Homeowners Have Earthquake Insurance

In the late 1990s, nearly a third of California homeowners had earthquake insurance, but currently fewer than 12 percent of households carry the insurance, reports the Daily News' Barbara Correa. For most, it's a cost issue: From 1996 to 2006, the average premium for single-family homes rose from $326 to $742 per year, figures that can spike based on the age of a home. For example, a San Fernando Valley home built in 1965 costs $5,400 a year to insure. Other people forgo getting the insurance because their type of insurance doesn't cover damage to artwork or because their building has survived previous quakes. Insured or not, here's your daily check-in with the latest earthquakes to hit the Southland this week.
· More homeowners gambling without earthquake insurance [Daily News]