Top 3 Ways to Prepare for an Earthquake (and Life)

Getting through life is hard enough—who can afford to think about earthquakes? Well, here’s some good news: the same things that help us get through life are what will help us most in an earthquake: good friends, a financial cushion, and a phone charger.

(And yes, I did just reveal the secret of life in a top-three.)

Continue reading “Top 3 Ways to Prepare for an Earthquake (and Life)”

What Is Parametric Insurance?

Parametric describes a type of insurance that works differently than the conventional “indemnification” insurance types (e.g. Home, Life, Auto)  familiar to most consumers. Parametric insurance involves a special type of financial contract that transfers money to policyholders upon the occurrence of specific, predefined events.

Parametric insurance contracts define the characteristics or thresholds of events that will trigger payments. Those characteristics are also known as the events’ “parameters” (thus the name “parametric.”)

Continue reading “What Is Parametric Insurance?”

The No. 1 Thing to Prepare for an Earthquake

If you live in earthquake country, properly preparing yourself for a major disaster can seem overwhelming–for example, the CDC lists more than 70 “suggested supplies” for an earthquake kit. Strap down your water heater, bolt your foundation, secure top-heavy furniture, make a family plan — all great ideas, but there’s one thing to do first:

Continue reading “The No. 1 Thing to Prepare for an Earthquake”