$640/yr with 10% deductible is vastly better than what is offered in CA. Here, earthquake insurance is definitely not worth it. Might be up there.
Bolt your house down. One of the best things you can do to mitigate damage. Much of the preventable damage from the 1989 Loma Prieta quake down here was from older houses hopping off of their foundations.
Too late to bolt; most of the basement is finished would be a major and expensive undertaking. The scary thing about where we live, is that a megathrust event would make 1906 or 1989 SFO look like child's play.
In that case you might never see an insurance payout before the company goes bust. WA is predominantly white, so Trump might let the feds help you out, tho
We? are fucked in Cali then. The cost benefit analysis doesn't work here but 640$ a year is cheap
Another reason I enjoy being a enter in the golden years
I had CEA insurance when I lived in beachwood canyon. It was about $500 a month for a 2000 sq ft home. Even worse, are you seeing what trump's tax plan is doing to $200k plus gross income earners like us? No state income tax deduction and a likely 25% tax bracket?
$640/yr with 10% deductible is vastly better than what is offered in CA. Here, earthquake insurance is definitely not worth it. Might be up there.
Bolt your house down. One of the best things you can do to mitigate damage. Much of the preventable damage from the 1989 Loma Prieta quake down here was from older houses hopping off of their foundations.
Too late to bolt; most of the basement is finished would be a major and expensive undertaking. The scary thing about where we live, is that a megathrust event would make 1906 or 1989 SFO look like child's play.
In that case you might never see an insurance payout before the company goes bust. WA is predominantly white, so Trump might let the feds help you out, tho
We? are fucked in Cali then. The cost benefit analysis doesn't work here but 640$ a year is cheap
No we aren't, because CA's strike-slip faults don't do the damage that the Cascadia Subduction Fault will do. If you were referring to the region's brownskin population, then I argee
When we bought our house 15 years ago our insurance agent told us that, by law, he had to offer us earthquake insurance and to give us the overview. At the end of the overview he said he wouldn't recommend buying it because it was far too expensive for what it actually covered; the deductible was too high and the payout too low.
$640/yr just to cover an earthquake actually doesn't sound that great. Maybe just put $640/year into a mutual fund and cash it out when the exceedingly rare huge earthquake actually hits. You'd probably come out ahead.
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