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 […]
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. […]