Category: earthquake insurance
What comes to mind when contemplating geological disasters? The two at the forefront of most peoples’ minds would be volcanic eruptions and earthquakes. Although these types of disasters affect vast regions near and far across the planet, we have yet to see a global pandemic that affects all regions simultaneously as we are experiencing now. […]
Written by Saunders Construction on 24th June 2020
Soft-story apartment buildings are prevalent in Los Angeles and Orange County which are also considered earthquake-prone territories, specifically Los Angeles. Soft-story / apartment buildings are at risk of earthquake damage however; seismic retrofits will help mitigate the destruction for vulnerable structures. The main feature Soft-story buildings are easily recognized by is also the main reason […]
Written by Saunders Construction on 6th June 2020
It is a common theme across the globe. The coronavirus is changing our day-to-day lives. The impact of the pandemic affects different industries in different ways. Earthquake experts are considering the potential for the big one during the Covid-19 outbreak and shelter-in-place order. What does this mean for Californians or other earthquake-prone regions? Well, for […]
Written by Saunders Construction on 14th May 2020
Probable maximum loss (PML) or now known as SEL and SUL is an important metric if you live or work in an earthquake zone. It’s a number that matters to insurance companies because it reflects the amount of damage a building might suffer from an earthquake. Here are reasons why a seismic retrofit to a commercial […]
Written by Saunders Construction on 7th May 2019
Unless you live on the West Coast, you probably aren’t even aware of or worried about having earthquake insurance. In all actuality, according to the California Earthquake Authority, only 10% of Californians even have earthquake insurance! If you’re wondering why this statistic is so low, continue reading for more information. 42 States Are At Risk […]
Written by Saunders Construction on 12th February 2019
Earthquakes are one of the most common natural occurrences — and yet most standard property insurance doesn’t cover it. This leads business owners to purchase separate earthquake insurance, especially in areas with significant seismic activity. While earthquakes are more prevalent in California, don’t be fooled into thinking they don’t happen in other parts of the country. […]
Written by Saunders Construction on 8th August 2018