earthquake insurance

[scaredyclassic]

does anyone actually buy this?

how does it work. do you just get the money? can you walk away with the cash and let the bank take the destroyed house back if you have not some much equity? could it be justa way to make sure you get your down payment back if the house collapses, if you just insured for the amount of equity you ahve in the place?

[joec]

I’ve read the deductibles are incredibly high so many people skip it (like 100k or more). I’ve also read, knock on wood that San Diego isn’t on any of the major fault lines. No comfort during the 2 or 3 recent pretty strong earthquakes here though.

We didn’t buy it.

[joec]

I’ve read the deductibles are incredibly high so many people skip it (like 100k or more). I’ve also read, knock on wood that San Diego isn’t on any of the major fault lines. No comfort during the 2 or 3 recent pretty strong earthquakes here though.

We didn’t buy it.

[joec]

I’ve read the deductibles are incredibly high so many people skip it (like 100k or more). I’ve also read, knock on wood that San Diego isn’t on any of the major fault lines. No comfort during the 2 or 3 recent pretty strong earthquakes here though.

We didn’t buy it.

[joec]

I’ve read the deductibles are incredibly high so many people skip it (like 100k or more). I’ve also read, knock on wood that San Diego isn’t on any of the major fault lines. No comfort during the 2 or 3 recent pretty strong earthquakes here though.

We didn’t buy it.

[joec]

I’ve read the deductibles are incredibly high so many people skip it (like 100k or more). I’ve also read, knock on wood that San Diego isn’t on any of the major fault lines. No comfort during the 2 or 3 recent pretty strong earthquakes here though.

We didn’t buy it.

[an]

Earthquake insurance is so cheap, I consider it worthwhile for me. They’re going for around 150-300/yr. for your typical tract homes. That’s $4500-9000 over 30 years. Even if nothing happen, I’ve wasted <$10k over 30 years. But if something does happen... after all, that's the whole point of insurance, right?

[an]

Earthquake insurance is so cheap, I consider it worthwhile for me. They’re going for around 150-300/yr. for your typical tract homes. That’s $4500-9000 over 30 years. Even if nothing happen, I’ve wasted <$10k over 30 years. But if something does happen... after all, that's the whole point of insurance, right?

[an]

Earthquake insurance is so cheap, I consider it worthwhile for me. They’re going for around 150-300/yr. for your typical tract homes. That’s $4500-9000 over 30 years. Even if nothing happen, I’ve wasted <$10k over 30 years. But if something does happen... after all, that's the whole point of insurance, right?

[an]

Earthquake insurance is so cheap, I consider it worthwhile for me. They’re going for around 150-300/yr. for your typical tract homes. That’s $4500-9000 over 30 years. Even if nothing happen, I’ve wasted <$10k over 30 years. But if something does happen... after all, that's the whole point of insurance, right?

[an]

Earthquake insurance is so cheap, I consider it worthwhile for me. They’re going for around 150-300/yr. for your typical tract homes. That’s $4500-9000 over 30 years. Even if nothing happen, I’ve wasted <$10k over 30 years. But if something does happen... after all, that's the whole point of insurance, right?

[UCGal]

We had it for the first few years of owning our current house – it was $127/year. We dropped it after my husband (architect) went through and did a “seismic retrofit”. He basically improved the diagonal bracing, stiffened certain walls so they’d act as sheer walls, and added additional bolts and strapping from the sill to the foundation. He said we’ll withstand a decent earthquake now… and if it’s bigger than what the house will take, we have different problems.

Depending on where you are in San Diego – you *could* have a major fault near you. We’re close to the rose canyon fault… so it was a concern for us.

The work my husband did is overkill – but the standards are so much more rigorous now, compared to when the house was built in 63 or 64.

If your house was built in the past decade or so – you probably don’t need any retrofit.

[UCGal]

We had it for the first few years of owning our current house – it was $127/year. We dropped it after my husband (architect) went through and did a “seismic retrofit”. He basically improved the diagonal bracing, stiffened certain walls so they’d act as sheer walls, and added additional bolts and strapping from the sill to the foundation. He said we’ll withstand a decent earthquake now… and if it’s bigger than what the house will take, we have different problems.

Depending on where you are in San Diego – you *could* have a major fault near you. We’re close to the rose canyon fault… so it was a concern for us.

The work my husband did is overkill – but the standards are so much more rigorous now, compared to when the house was built in 63 or 64.

If your house was built in the past decade or so – you probably don’t need any retrofit.

[UCGal]

We had it for the first few years of owning our current house – it was $127/year. We dropped it after my husband (architect) went through and did a “seismic retrofit”. He basically improved the diagonal bracing, stiffened certain walls so they’d act as sheer walls, and added additional bolts and strapping from the sill to the foundation. He said we’ll withstand a decent earthquake now… and if it’s bigger than what the house will take, we have different problems.

Depending on where you are in San Diego – you *could* have a major fault near you. We’re close to the rose canyon fault… so it was a concern for us.

The work my husband did is overkill – but the standards are so much more rigorous now, compared to when the house was built in 63 or 64.

If your house was built in the past decade or so – you probably don’t need any retrofit.

[UCGal]

We had it for the first few years of owning our current house – it was $127/year. We dropped it after my husband (architect) went through and did a “seismic retrofit”. He basically improved the diagonal bracing, stiffened certain walls so they’d act as sheer walls, and added additional bolts and strapping from the sill to the foundation. He said we’ll withstand a decent earthquake now… and if it’s bigger than what the house will take, we have different problems.

Depending on where you are in San Diego – you *could* have a major fault near you. We’re close to the rose canyon fault… so it was a concern for us.

The work my husband did is overkill – but the standards are so much more rigorous now, compared to when the house was built in 63 or 64.

If your house was built in the past decade or so – you probably don’t need any retrofit.

[Author]

Posts