Wow, yeah I wonder if I could get earthquake insurance (If im ever able to get a house), where I currently live is less than a 6 min drive from the actual fault (san andreas). The other thing is, the fault disects the only freeway (14)that connects us to LA, if there was a big earthquake in the summer with tems over 110, no food coming in, no way to get out, I could easily see that becoming a bad situation.
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Not only am I not a lawyer, the California BAR association has sent me numerous letters telling me not to even THINK about going to law school. In fact, the lay advice I provide is not even good. In the end remember, you get what you pay for, and here in BK land were not the best at paying. -
I bet they just view it like any other natural disaster like building too close to water for floods, tornados & such. Only thing is we are not so sophsiticated yet to know & get a warning to run when a fault is going to really move in terms of feet. I was in a 7.2 out there when the 10 collapsed near Santa Monica. It bounced my friends car right into the next lane and gave him a flat.
It is just recent that they really took notice of the one around Memphis & declared that would cause more damage than all of the faults in the USA combined, due to how people are situated.
I am sure that the price of a home & insurance has to be considered because some of them were built right on top it.
That is a good thing for you to check into before buying & see how the market in that area has been evaluated over time with insurance rates also. That is why I questioned those prices when were first talking about it. I do remember about 12 years ago you could get a real nice big 5 bedroom 3 bath house for around 350,000 in Van Nuys which I thought was fair for that area.
Not that I could afford it but that was what they ran.Comment
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I lived in Santa Clarita when the 1994 earthquake hit.Originally posted by Priceless ProSe View Post
I remember the 14 Freeway bridges collapsed, and the motorcycle officer that was killed from riding on the freeway overpass, not seeing that damage. You were kind of stuck up there, with the only way out being the Newhall Pass.
I think it was right after that when the insurance companies stopped selling insurance, or if they did, it was pretty pricey, with a 10K deductible to start.
Not sure if they have relaxed since then, but I kind of doubt it. Earthquakes are threats you just can't forecast.Comment
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