Earthquake Insurance for Memphis SFR

[Brian Stinson]

I am buying my first rental which is a single family home in Memphis and was reading it’s near a fault line. I talked to a few insurance agents and have received mixed messages on if earth quake coverage is actually needed. I saw the last major earthquake was back in the 1800’s. The cost is around $100 to add and the deductible is garbage at 10% if rebuilt cost so $11,500 if I file a claim. Any Memphis investors here? If so does anyone have earthquake insurance?