Here are three facts to know about earthquakes and earthquake insurance.
Tag: Earthquake Insurance
Earlier this month, a swarm of earthquakes at the Salton Sea prompted scientists to issue a warning for an elevated risk of earthquakes.
Southern California’s section of the San Andreas fault is “locked, loaded and ready to roll,” according to Thomas Jordan, director of the Southern California Earthquake Center. The springs on the San Andreas system have been wound very, very tight, Jordan recently said at the National Earthquake Conference. The last big
California isn’t the only earthquake capital anymore — Oklahoma, mostly associated with weather-related disasters, has joined in. The U.S. Geological Survey labeled places in Oklahoma and Northern California with a 10%-12% chance of experiencing damage from an earthquake in 2016. The 2016 USGS earthquake forecast included both natural and human-induced
The California Earthquake Authority estimates that only 10% of homes in the state have earthquake insurance protection. While the costs of the primary insurance policy may not be too pricey ($798 statewide average), the high policy deductibles may cause homeowners to pause. Earthquake policy deductibles vary from 5% to 25%,
A new study from NASA’s Jet Propulsion Laboratory all but guarantees a sizable temblor will shake up Southern California in the near future. The study, published earlier this month by Earth and Space Science journal, claims there is a 99.9 percent chance of a magnitude 5.0 earthquake or greater in
What Assembly Bill 2064 Means For You If you are like many California residents, you have refrained from securing earthquake insurance despite living in an area with relatively high levels of seismic activity. Why do so many of us abstain from securing this coverage? Perhaps part of the reason is
The Importance of Every Californian Having Earthquake Insurance California residents are no stranger to the shakes that leave costly damages in their wake. Since earthquakes are one of the most unpredictable disasters, we must be prepared for their arrival at all times. Rather than leaving the well-being of your home
As seen on The LA Times: Officials are planning the first major rollout of California’s earthquake early warning system next year, providing access to some schools, fire stations and more private companies. The ambitious plan highlights the progress scientists have made in building out the system, which can give as
If you live in an earthquake prone area, like California, it is probably a good idea to be protected. Yet only about 17% of California homeowners make the decision to get earthquake insurance. We buy insurance not just to cover us for likely occurrences, but also to protect us against