There were just a few sentences in this article/blog post about landslide insurance. Most geoprofessionals realize that home-owners insurance does not cover landslides, floods or most other geologic hazards. But what I found interesting in this article was a quote from an insurance agent that gave a rough estimate of the cost of “very rare” landslide insurance. He gave an estimate of $1,000 per year for a $300,000 house. I’m sure it depends on lots of factors, but at least that could get you in the ballpark. [Source: Central Illinois Proud. Image: USGS Landslides Page]
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Anyone who owns a house or is looking to buy one should be aware that nearly all home owner’s insurance policies will not cover them in the event their home is damaged by common geologic processes including floods, landslides, earthquakes, subsidence, and expansive or swelling soils. (Image by Geology.com)