City leaders in Johnston, Iowa have decided against earthquake insurance in the wake of two tremors this spring in Illinois and Missouri.
The City Council on Tuesday, May 20th rejected spending $4,000 a year for an earthquake policy with a $10 million limit.
City staffers say while the Des Moines suburb could experience tremors, major damage is unlikely.
Some other Iowa cities carry earthquake insurance. Cedar Rapids has $5 million in coverage, Des Moines and Urbandale have $20 million.
According to the National Weather Service, there have been 13 earthquakes with epicenters in Iowa. The first was in Sidney in 1867. The latest was near Shenandoah in 2004.
Topics Catastrophe Natural Disasters
Was this article valuable?
Here are more articles you may enjoy.
Nationwide: Consumers Say Insurance Should Evolve for Micromobility Vehicles
Three Sentenced in Bear-Suit Attacks Insurance Fraud Case
AI Ruling Prompts Warnings From Lawyers: Your Chats Could Be Used Against You
Viewpoint: Japan’s $550B Bet on America—What it Means for the US Insurance Market 

