I know how to compute the expected value. No, if I want to hedge I'd spend a lot of money on earthquake insurance and hope it actually pays out. Damaging earth

I know how to compute the expected value. No, if I want to hedge I'd spend a lot of money on earthquake insurance and hope it actually pays out. Damaging earthquakes are not unlikely event in these locales. In the next 20 years a 6+ magnitude quake is above 90% in the Bay. Something like 60% for a 7+. Cascadia subduction zone produces 9s almost periodically, and it is overdue as well.