- This topic has 5 replies, 6 voices, and was last updated 9 years, 2 months ago by The-Shoveler.
March 23, 2014 at 8:58 PM #21025March 23, 2014 at 10:39 PM #772171scaredyclassicParticipant
Got a quote recently at 15 percent deductible quite a bit less than 2k a year. Not sure what to make of it.
Kind of thinking I’ll have about 15 percent deductibles worth of damage.March 24, 2014 at 9:06 AM #772177UCGalParticipant
We had it until my husband added seismic retrofits to the house. Our house was built in the 60’s and the codes have changed since then. He added additional diagonal bracing, reinforced the weight load of the brick surrounding our fireplace. Added additional strapping between the 2nd and 1st floor. Added more sill to foundation bolts, Added more shear walls (replace sheet rock with plywood). And stiffened all the corners of the house.
When he was done with all that, we canceled the policy.March 24, 2014 at 9:17 AM #772178paramountParticipant
Insure what you can’t afford to replace.March 24, 2014 at 3:33 PM #772188zkParticipant
Whether it’s worth it depends on where you live, imho. The potential for earthquakes of a size to significantly damage a wood-frame home varies drastically within California.
You can zoom in pretty close on the maps and it’s quite detailed.
In the red areas, it might be worth it. In the green areas, probably not.March 24, 2014 at 4:31 PM #772189The-ShovelerParticipant
I think coastal SD is very fortunate to be in a low risk area for quakes, BUT it’s the ones they don’t know about that will get you LOL.
Anyway in the event that there is a major quake, the insurance only is good until their money runs out from what I understand so that is something to think about.
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