Damage to a commercial building after the Northridge earthquake. Source: USGS Earthquakes are among the most common natural disasters, yet standard property insurance rarely covers them. Property owners in high-risk areas often need separate earthquake insurance, which provides financial protection for rebuilding, repairs, and other expenses. While the risks of earthquakes are well-known in high-seismic […]
Probable maximum loss (PML), 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 […]
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 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 While California is […]