We here in california are bombarded by adds for earthquake insurance (" remember, home owners ins doesn't cover earthquakes!!!"). I'm afraid the gullible will now buy.
It's a huge scam. Its designed to sound as if it's backed by the state, but its a private insurance company. Their premiums are high, the deductable is outrageous, they only payout on a total loss. Well,guess what? If your house is a total loss, then there will be thousands, if not tens of thousands that will be a total loss too. Multiple billions lost....instant insurance company bankruptcy .
California friends, don't be a sucker !