3 ms·
The insurance premiums and deductibles for earthquake insurance are sky high, so many are of the mindset that it just isn't worth it (of course regular insuranc
by shostack 11y ago
The insurance premiums and deductibles for earthquake insurance are sky high, so many are of the mindset that it just isn't worth it (of course regular insurance won't cover you at all in that case). Are earthquake retrofits really $100k? This guide seems to indicate they are relatively inexpensive. [1]
[1] http://www.seismic.ca.gov/pub/CSSC_2005-01_HOG.pdf http://www.seismic.ca.gov/pub/CSSC_2005-01_HOG.pdf
- ramses0 11y agoAhh... figured out my miscalculation... RENTERS insurance for earthquake is very inexpensive, I didn't factor in that you'd need OWNER (ie: structure) insurance. The estimates for contracting work (seismic reinforcement) seem ludicrously low to me, but I don't have any basis for that opinion as I've not had to work with contractors here in the Bay Area. I just find it hard to believe that doing major structural reinforcements to your home would be in the $20k range.