[quote=ocrenter]So worse case scenario, the big one hits and the house comes crashing down. I would have to find $218k somehow before the earthquake insurance kicks in?[/quote]
As opposed to having to come up with $1,455,000 if you don’t have insurance?
The way I look at it: if the big one comes and the house comes crashing down, there will probably be state and federal loan assistance and other ways to scratch together the deductible. In our case, we have plenty of equity in the property so I think we’d be able to come up with the deducible one way or another. Beats walking away from the home and the equity.
