MalevolentCat

I'd bet that if an 8.0 earthquake hit, the insurance company would file bankruptcy and go under without providing you support. The damages they would have to pay would far outweigh any possible future profit and there would be no point in them even trying to stay open. Their bets are on there NOT being a major earthquake, and if there is, their execs have already made enough money to live comfortably. It might be helpful with lower-strength or more localized earthquakes, though. I personally think earthquake insurance is a bad investment for most people.

Source: see victims of the Hurricane Katrina who had hurricane insurance.

Thanks for the clarification :). I did not know this. I'll have to research the subject more. Im sorry for the misleading information I posted.

Im wondering, though, where would the insurance funding come from in the case of an extremely catastrophic earthquake if a large portion of the population was converted? Surly the repayments would outcost the money saved from premium and policy payments?