Earthquake Today California

Earthquake Today California

January 21, 2021

We don’t want to forget earthquakes occur every day in California.  We highlight the January 17, 1994 Northridge California earthquake when there was a 6.7 magnitude earthquake.  In 30-seconds there was $20 billion in damages and $49 billion in economic loss.  Not to mention the loss of life.  It took years to rebuild and recover.

The best thing we can do is to be prepared. 

Make sure you have an earthquake preparedness plan for your family, home and business. Have common contact lists for family and friends.  Have first aid supplies available along with extra food and water. Secure your valuables and valuable papers Check your home to make sure breakables and heavy objects are well secured.  Have an evacuation plan at your workplace.

Don’t forget your most valuable asset, your home and property. 

Many people don’t know damage due to earthquakes is not covered under your homeowner insurance policy.  Or people think the government will step in and pay for the damage.  This is not true.  Having earthquake insurance to protect your property and give you peace of mind is the best thing you can do.  There are many options today for earthquake insurance that weren’t available after the Northridge earthquake.  After a major earthquake, could you afford to repair or replace your home, cover the costs of living outside your home while still paying your mortgage?  Or what about the cost to replace the valuable contents of your home?  Compare those big-ticket expenses to an investment in earthquake insurance coverage—combined with the value of having peace of mind when the big one strikes.

The two main factors that drive the cost of earthquake insurance are the location and the age of the building.  The older the structure the more expensive earthquake insurance can be.  This is because of the lessons learned in construction and the technology today used to build safer and more secure structures.

If you have questions let us know.  We’re here to protect the things that matter to you.