Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: accountclosed who wrote (8666)	11/30/1999 1:45:00 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 63513

I have no idea. The San Fernando Valley seems to be on a 20+/- year cycle so we decided to wait until 2004 (10 years after the Northridge quake) before getting earthquake insurance. A gamble, but a reasonable one if you are not on a flood plane and are in a single story wood frame house (our situation).

To: accountclosed who wrote (8666)	11/30/1999 2:01:00 PM
From: Neenny	Read Replies (1) \| Respond to of 63513

Hello AM, how are you today??? Snow covered here in PA. Jane

To: accountclosed who wrote (8666)	11/30/1999 2:23:00 PM
From: The Phoenix	Read Replies (1) \| Respond to of 63513

HA!.. Earthquake insurance is more expensive than homeowners insurance. The deductible is either 10% or 15% depending on which insurance you take. It typically does not cover attached structures such as patio covers or detached buildings or garages. It does not cover damage to concrete patios or driveways. With a typical house costing $350K in So Cal and $600K in the bay area the insurance would only be useful if you had $50K of damange (SO CAL) or $90K of damage (NO CAL)...you pay that then the insurance will help with the rest. Given the single family wood structures of homes out here the only time insurance is helpful is if your home is knocked off the foundation - unlikely if you have the proper work done to secure the house to the foundation. In all - earthquake insurance is a friggn joke out here. OG