Thinking about dropping earthquake since so much value in the land.

Just came across a listing of home with earthquake damage. 

You rented it out, and then in future the home gets destroyed by earthquake?  

I then called my insurance company to have the homeowner and earthquake policies cancelled.

That said, we're probably talking 10% more expensive, nothing ridiculous.This will also depend on jurisdiction -- in some places, you'll have additional regulation for things like major snow threats, earthquake threats, flooding threats, etc. 

I saw a 12 unit property a few months back over in Little Haiti (I think) that was going for $800k.

Soon after I found myself working in the aftermath of the '94 Northridge Earthquake whence it became incumbant on me to remove and store an inordinate amount of damaged manufactured homes and since I had the only 10 acre construction yard in Simi Valley I was asked by insurance companies and FEMA to store them on my property. 

· Most policies have exclusions for losses such as earthquakes, water and sewer backup, and flood coverage.

For those who own homes or rentals in California, do you buy earthquake insurance?

If he was looking at investing in Haiti for example, there would be huge political risks, problems finding property managers, as well as a language issue.