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Erin O'Connor Smith's profile image
Erin O'Connor Smith's profile image
Erin O'Connor Smith
  • from Los Angeles, CA
  • Member since Apr 18, 2017

User Stats

75
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24
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Erin O'Connor Smith's profile image
Erin O'Connor Smith's profile image
Erin O'Connor Smith
  • from Los Angeles, CA
  • Member since Apr 18, 2017
Erin O'Connor Smith
  • Los Angeles, CA
24
Votes |
75
Posts
General Landlording & Rental Properties

Earthquake insurance or not for MF in LA?

Erin O'Connor Smith
  • Los Angeles, CA
Posted

I have about $2M of equity in three single homes (technically a triplex but not connected) on a hillside in Eagle Rock in NorthEast LA. Annual rents are $160k. I haven’t had earthquake insurance for the last 15 years but I am considering it. The homes were built in 1990 and I purchased them in 2004.

I got a quote to cover each of them separately: full dwelling amount is $333k, 15% or $50k deductible, rent coverage $75000. Annual premium for each about $600.

Thoughts welcome to help me analyze is it worth it?

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