Statistical data compiled by the Federal Emergency Management Agency and the California Earthquake Authority indicates that only about 10 to 13 percent of California homeowners carry active earthquake insurance. Despite the state's well-documented seismic hazards and proximity to major fault lines, many residents choose to forgo coverage due to high premium costs and substantial policy deductibles (which typically range from 10 to 25 percent of the home's structural replacement value), leading most homeowners to rely on personal savings rather than specialized policies.
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