Number Getting Earthquake Insurance Increasing
The recent increase in earthquakes within the state has raised both awareness and the purchase of earthquake insurance, according to Kelly Collins, communications director with the Oklahoma Insurance Department.
According to Collins, in 2011 only 3 percent of most insurance companies’ customers had earthquake insurance.
That number has now tripled with an estimated 15 percent of customers holding such policies.
This conclusion came from a survey done by Collins of the top five homeowners insurance companies in the state who make up 70 percent of the industry.