Large Scale Central

So Bruce you pick yourself up off the floor yet?

General Discussion
#21

Here’se what you would get for insurance in California.

California

Earthquake insurance has become a political issue in California, whose residents purchase more earthquake insurance than residents of any other state in the U.S. After the 1994 Northridge earthquake, nearly all insurance companies completely stopped writing homeowners’ insurance policies altogether in the state, because under California law (the “mandatory offer law”), companies offering homeowners’ insurance must also offer earthquake insurance. Eventually the legislature created a “mini policy” that could be sold by any insurer to comply with the mandatory offer law: only earthquake loss due to structural damage need be covered, with a 15% deductible. Claims on personal property losses and “loss of use” are limited. The legislature also created a quasi-public (privately funded, publicly managed) agency called the CEA California Earthquake Authority. Membership in the CEA by insurers is voluntary and member companies satisfy the mandatory offer law by selling the CEA mini policy. Premiums are paid to the insurer, and then pooled in the CEA to cover claims from homeowners with a CEA policy from member insurers. The state of California specifically states that it does not back up CEA earthquake insurance, in the event that claims from a major earthquake were to drain all CEA funds, nor will it cover claims from non-CEA insurers if they were to become insolvent due to earthquake losses. [1]

UGLY!!!

#22

What’s earthquake insurance? I lived for the past 26 years in WA state and for the last 6 owned a home, and had earthquake coverage, until the insurance company changed the policy. Now if I want earthquake coverage the deductible is 15-25% of coverage, and it is not covered when (I’m paraphrasing) "the earth moves, land shifts, and or if any other movement of the earth, not including landslides. So if you read the fine print they DON’T cover earthquakes even though you have coverage. Made so much sense I canceled! For those of you who do have earthquake coverage take the time to read the fine print, and see what exactly it covers!
Craig

#23

There was a vibration in City Hall that felt like someone running the floor buffer upstairs … I wouldn’t even have noticed, except that it was followed by all 8 of our 9-1-1 trunks, our four police emergency lines and our four fire non emergency lines ringing continually for about 30 minutes, many calls being rerouted from Guilford Metro 9-1-1’s overflow as High Point residents mostly on the northside, and Greensboro residents called 9-1-1 to report vibrations, moving furniture, swinging lamps, items falling from shelves etc. Most people called just to ask if there had been an earthquake, and to inquire what they should do now … and then it was over nearly as suddenly as it started. As far as I can tell, no reported injuries or damage worthy of an emergency response in our area.

#24

Was felt by employees at Altoona’s “Rose Yard”. Until the news broke, all of us thought the 2.0 was just several out of round wheels on the departing coal train.

#25

Here’s a good one. My son works in D.C. and they evacuated the building in an orderly fashion, as they do for fire drills. They are told to cross the street and wait.

Of course, the folk across the street have the same instructions, so they passed in the middle of the street, and those folk stood under my son’s building waiting for it to collapse, while he stood by theirs!!

#26

lol, Pete… sounds like a plan to me… :slight_smile:

#27

see, I can ask a good question.

#28

Bruce,
Now you know the steps to dance to Elvis “I’m All Shook Up”! :slight_smile: