Most Quebec residents unfazed by and uninsured for earthquake risk

Only 3% of residents have coverage for the event

The vast majority (86%) of Quebec residents believes they should not worry about the possibility that their homes could be damaged after an earthquake, according to a study by the Insurance Bureau of Canada (IBC).

This is despite the fact that the St. Lawrence Valley is at risk of an earthquake and there have been a strong number of earthquakes in the province over the course of its history, states the IBC.

Related: Quake that hit parts of Canada shines spotlight on earthquake insurance

The study also finds that more than one-third (35%) of Quebec residents wrongly believe that their home insurance policy will cover damage associated with earthquakes. A slightly higher proportion (38%) admits they are unaware of whether this is the case.

Only 3% of individuals with home insurance in Quebec have earthquake coverage, according to the IBC.

In addition to being financially unprepared, most people in Quebec are also physically unprepared. Fewer than one in 10 respondents (8%) knew that they must drop, cover by getting under a solid piece of furniture and hold on in the event of an earthquake.

The IBC commissioned the study of 1,002 Quebec residents conducted by Som Research and Surveys in order to understand the level of awareness and preparedness for such an event. The study was released on Thursday, which is also the day that Quebec took part in the Great ShakeOut, an annual earthquake preparedness drill.

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