Earthquake insurance can be expensive, particularly in high-risk areas. Its deductibles are higher than a standard Homeowners policy’s, usually ranging from 5 to 15% of the policy limit. For example, a common Homeowners policy deductible is $500, but a 15% deductible on a $200,000 policy limit would be $30,000. In cases of major damage, this is a welcome tradeoff. However, with minor to moderate damage, an Earthquake insurance claim may not be worth it.