Finding a house to buy is whirlwind of emotions. It’s important understand how future earthquakes might affect you, and which of the natural hazard disclosures to read closely. This is part one of a three-part series looking at the importance of location, location, location when buying a house in earthquake country.
A bit of planning now can pay off when the next major earthquake hits California. A few small steps can help make an earthquake less of a disaster.
Californians live with the threat of earthquakes every day. Most people are aware that a large earthquake, especially along the San Andreas fault, is inevitable. Yet, financially we’re woefully underprepared. Did you know that less than 10%* of Californians have earthquake insurance? Why is that?
When earthquake shaking hits your home in California, do you run for the door frame, or run outside the building, or find the triangle of life? Hopefully not because these are all proven myths. Instead, just remember: Drop, Cover, and Hold on.
Natural disasters happen, usually with little to no warning, and can wreak havoc on the lives of the people affected. You can’t always predict how much damage a natural disaster will cause, but you can ensure that you prepare your finances for an emergency.