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Another poster was downvoted but raised a very valid point: what about the "big one", the earthquake that's supposed to hit SF sometime in this decade or the ne
by GFischer 12y ago
Another poster was downvoted but raised a very valid point: what about the "big one", the earthquake that's supposed to hit SF sometime in this decade or the next? That's one big Black Swan.
http://www.sanandreasfault.org/BigOne.html http://www.sanandreasfault.org/BigOne.html
I guess insurance can be depended upon to offset that particular risk? (do try to insure with a company that reinsures somewhere that won't go broke in the event of said earthquake).
Other post: https://news.ycombinator.com/item?id=7882603 https://news.ycombinator.com/item?id=7882603
- nostrademons 12y agoIt's nearly impossible to buy earthquake insurance (affordably) in the Bay Area, because all the big insurance companies know that it's going to happen and aren't willing to expose themselves to a potentially company-destroying event. Policies are available, but the cost of insuring against them is nearly as much as insuring against everything else that your homeowner's policy covers. Most Bay Area homeowners are depending on a combination of prayer and federal disaster-relief funds, figuring that the government will bail them out if an Act of God destroys San Francisco.