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.)

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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.”)

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