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Okla. insurance commissioner tours Pawnee to answer questions after earthquake

Insurance Commissioner John Doak said there are two things people should know about earthquake insurance: it's not part of a homeowner's policy unless it's added in, and earthquake insurance is not retroactive. (KTUL)

PAWNEE, Okla. (KTUL) -- Following last weekend's record earthquake, many Pawnee residents had questions about insurance.

John Doak, the insurance commissioner of Oklahoma, paid the city a visit to help answer questions. Doak toured the damage from the earthquake with Mayor Brad Sewell, and Doak and his team spent the day in town talking to residents about insurance coverage.

"To be able to help them with any question that they might have," Doak said. "Whether they have coverage, whether they don't have coverage...Do they have some basic questions about oil and gas exposures?"

Mayor Sewell said the help is much appreciated. Since the earthquake, he said the city has been overwhelmed with questions about earthquake insurance coverage.

"The Insurance Commission can really help these people navigate through the process," Doak said.

Doak said there are two things people should know about earthquake insurance: it's not part of a homeowner's policy unless it's added in, and earthquake insurance is not retroactive.

"If you [have] preexisting damage, you can't go insure that," Doak said. "Much like if you have damage on your car, you can't go buy coverage and then get it covered."

And if you're thinking of getting insurance now, you'll likely have to wait a bit. Many insurance policies put a waiting period on new policies due to the possibility of aftershocks.

Doak said he recommends calling your insurance agent to learn more.

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