Question 1

Do I really need earthquake insurance in Lynnwood?

Accepted Answer

Given the 85% probability of a magnitude 6.5+ earthquake in the Puget Sound region over the next 50 years, earthquake insurance deserves serious consideration. Standard policies exclude earthquake damage entirely, meaning you'd pay out-of-pocket to repair foundation cracks, structural damage, or a collapsed chimney. While the coverage is expensive, the alternative could be financially devastating if the big one hits.

Question 2

Is flood insurance necessary if I'm not near the water?

Accepted Answer

Absolutely. Flood risk in Lynnwood isn't just about proximity to Puget Sound—it's about topography, drainage, and heavy rainfall. Storm systems regularly dump 2-6 inches of rain, causing creeks and streams to overflow and creating flooding in low-lying areas and places with poor drainage. Check FEMA's flood maps for your specific property, and strongly consider coverage if you're in or near a flood zone.

Question 3

Why did my home insurance rate go up so much this year?

Accepted Answer

Washington state saw a 21% average increase in home insurance premiums for policy renewals recently. This reflects nationwide trends of rising construction costs, more frequent severe weather events, and increased claims. Insurers are adjusting rates to cover their increased costs, and unfortunately, homeowners are feeling the impact across the state.

Question 4

Will my home insurance cover wind damage from Pacific Northwest storms?

Accepted Answer

Yes, standard home insurance policies typically cover wind damage to your dwelling and attached structures from the 55-65 mph gusts Lynnwood experiences during windstorms. This includes damage from falling trees that hit your house or garage. However, standalone trees in your yard that fall but don't damage structures are generally not covered, and you'll need to pay your deductible for any covered damage.

Question 5

How much dwelling coverage do I need with Lynnwood's rising property values?

Accepted Answer

Your dwelling coverage should reflect the cost to completely rebuild your home at today's construction prices, not your purchase price or market value. With Lynnwood's growth and rising construction costs, this amount has likely increased significantly. Get a replacement cost estimate from your insurer or a contractor every few years, and consider adding inflation guard protection that automatically increases your coverage limits annually.

Question 6

Does homeowners insurance cover landslide damage?

Accepted Answer

Most standard home insurance policies exclude landslide and mudflow damage, which is a real concern in Lynnwood given the heavy rainfall that saturates soil on steep terrain. You may be able to add earth movement coverage through an endorsement, but it's often limited and expensive. Check your policy carefully and ask your agent about available options if you live on or near a slope.

Insurance Agents in Lynnwood, Washington (WA)

Insurance agencies serving Lynnwood

City Insurance Center

Empire Insurance Brokers

Insurance Agents in Lynnwood, Washington (WA)

Insurance agencies serving Lynnwood

City Insurance Center

Empire Insurance Brokers

Firstmark Insurance Group

Guidance Northwest Insurance

Joeun Insurance

Lynnwood Ace Insurance & Retirement Services

Mosaic Insurance Alliance, LLC

Seattle Best Insurance Team

Sound Choice Insurance Agency Inc

Sunny CHO Insurance - 조선용보험

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