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Earthquake Las Vegas: Faults Shake Wallets As Home Insurance Premiums Are Set To Spike

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**Earthquake Las Vegas: Faults Shake Wallets As Home Insurance Premiums Are Set To Spike**

Hold onto your wallets, Las Vegas! Not only can we feel the literal tremors today, but a new report reveals that the recent earthquake in Las Vegas has triggered a critical review from major insurers. Homeowners should prepare for rate increases of up to 20% as companies recalculate risk across the valley. For renters, term life insurance policies are also tightening, with some providers requiring seismic endorsements that add $40 to $60 to monthly premiums. Local auto shops are bracing for a surge in suspension claims as potholes worsen from the shaking. Bottom line: if you haven't locked in an annual insurance rate today, your budget just got shaken, not stirred.