So if you had $100,000 in damages, out of pocket with insurance is $15,000...they pay $85000. For about $750 in premium. In Northridge, I had $400,000 in damages and out of pocket was zero. Insurance paid for me to live elsewhere for 2 years, paid for rebuild my house, replace my broken furniture, china, and moving expenses back and forth. My Homeowner's association assessed each owner $50,000 and they paid that too. Coverages now aren't that good, but, still I would not want the risk. I lived 2 miles from the epicenter.