Earthquake Insurance

1 July, 2024

Earthquake Preparedness: Should You Retrofit, Insure, or Both?

By |2024-09-25T23:06:08+00:00July 1st, 2024|AAGLA, Earthquake Insurance, Earthquake Retrofit|

Insurance carriers closely monitor California’s earthquake liabilities, similar to how they track trends in fire, flood, hurricanes, and other hazards that lead to property damage, injury, or death claims. Seismologists’ warnings that California is overdue for a major earthquake have raised concerns among property owners and insurance actuaries. As the […]

3 November, 2020

Major Earthquake? Insurance Alone Won’t Protect You

By |2020-11-08T18:59:23+00:00November 3rd, 2020|AAOC, Earthquake Insurance, earthquake preparedness|

Nobody should be caught without insurance. It’s an essential tool to guard against excessive risk associated with our automobiles, our property, our health, even our lives.

But while insurance may help to cushion the blow of an accident or worse, it does nothing to prevent these adversities from occurring.

If you own […]

4 June, 2020

Retrofits Lower Risks, Insurance Costs for S.D.’s new Grim Scenario

By |2020-06-17T23:49:03+00:00June 4th, 2020|Earthquake Insurance, Earthquake Retrofit Benefits, SDCAA|

San Diego is more seriously at risk of earthquake devastation than previously thought.

A new, five-year study unveiled this year by the Engineering and Environmental Research Institute projects grim outcomes for the San Diego area should the Rose Canyon fault explode with a devastating 6.9-magnitude earthquake:

  • $38 billion in building and […]
5 September, 2017

Earthquake Retrofits and Insurance: Your Best Defense Against the “Big One”

By |2018-01-04T18:20:28+00:00September 5th, 2017|Earthquake Insurance, Earthquake Retrofit Benefits, Earthquake Retrofits, Earthquakes|

News accounts of the Northridge earthquake of 1994 presented shocking images of the widespread destruction, the loss of life, and the injuries suffered from the 6.7 magnitude blind-reverse-thrust quake, which produced the largest ground motions ever recorded in an urban environment in the U.S.

Fifty-seven people were killed; more than 40,000 […]

22 May, 2017

Why Earthquake Insurance is on the Rise in California

By |2018-01-18T23:58:03+00:00May 22nd, 2017|Earthquake Insurance|

(As published in California Apartment Association’s Industry Newsletter)

A record number of Californians are getting earthquake insurance, and more and more cities throughout the state are passing laws to make buildings safer in a quake.

In 2016, the number of people signing up for an earthquake policy […]

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