The 1906 San Francisco earthquake shook the city on Wednesday, April 18th at 5:12 am. Almost 300 miles of fault ruptured, and people felt shaking throughout California and parts of Oregon and Nevada. Today, the anniversary of the earthquake, is a great day to remember the effects of the quake and reflect on how we can prepare.
Most articles on “Is Earthquake Insurance Worth It?” reach a non-committal conclusion like, “If you have stuff you want to protect, you should seriously consider insurance.” Here’s a perspective that offers actionable recommendations.
So far in this series, we’ve covered proximity to fault lines in part one and liquefaction and landslides in part two. Another area to look into before buying a house in earthquake country is proximity to dams. Their watersheds cover vast areas, causing massive flooding downstream if the dam fails during an earthquake.
When buying a house, you’ll want to know how future earthquakes might affect you, and which of the natural hazard disclosures to read closely. This is part two of a three-part series looking at what to consider when buying a house in earthquake country.
When there’s a house you’re serious about, you’ll receive a substantial disclosure packet. In part one of this series, we looked at the earthquake fault zone disclosure. Here, we’ll explore the seismic hazard zone disclosure, which examines the risk of liquefaction and landslides for a property.
Oakland, CA, March 15, 2019 for immediate release
Jumpstart is delighted to announce that Sally Sproat has joined the team in a senior executive role. Sally will lead Jumpstart’s Business Development, to accelerate distribution of Jumpstart’s product through organizations and employers.
“No other person in the world is as well-suited to this role as Sally,” says Jumpstart’s CEO Kate Stillwell. “Her experience understanding parametric products, and selling them into large organizations, is sure to propel our growth. We are incredibly fortunate and grateful that she’s now part of the team.”
Ms. Sproat brings 30 years of insurance-industry experience, most recently as Senior Vice President at Swiss Re, where she led sales to public entity and large-organization clients, helping them transfer and manage risk, with a variety of products including parametric.
“I’m thrilled to be joining this energetic and forward-thinking team,” says Ms. Sproat. “Parametric has huge potential to help fill the protection gap, and I’m excited that Jumpstart has finally brought it to consumers. Even more so, I’m pleased to be a member of the high-caliber team that Kate is growing. I eagerly look forward to being part of Jumpstart’s success.”
Sally’s initial responsibilities include building a sales pipeline of organizational clients for Jumpstart, particularly public entity employers, membership organizations, and established insurance brokerages.
Jumpstart is the first to provide parametric earthquake insurance for renters and homeowners in the U.S., in partnership with leading financial institutions. Parametric is a form of insurance where payments are linked to measurable events, such as the shaking intensity of an earthquake.
Jumpstart Insurance Solutions, Inc. is a California Benefit Corporation and a licensed surplus lines insurance broker in California (#0K67793). Jumpstart complies with all state-mandated regulations for surplus line insurance brokers. For more information, please visit www.jumpstartrecovery.com.