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libitina

Buying A Property In An Earthquake Zone

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I watched a programme on Discovery earlier focusing on San Fransisco. A USGS guy said that many people living in the bay area (most dangerous area due to typical style of houses and the sandy soil they were built on) didn't realise how dangerous it was. Surely they have surveys done don't they? Or will at least do some research on the area?

What happens with insurance in places like these? It's bad enough for houses on the flood plains in Britain, but SF or tornado alley must be expensive...?

Edited by libitina

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Guest muttley

What happens with insurance in places like these? It's bad enough for houses on the flood plains in Britain, but SF or tornado alley must be expensive...?

I would imagine that earthquakes are classed as an Act of God.Therefore insurance companies won't pay out.Same for tornadoes and hurricanes.

There is some debate in New Orleans about whether the damage is classed as flood damage (in which case you're insured) or hurricane damage (in which case you're not)

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I would imagine that earthquakes are classed as an Act of God.Therefore insurance companies won't pay out.Same for tornadoes and hurricanes.

There is some debate in New Orleans about whether the damage is classed as flood damage (in which case you're insured) or hurricane damage (in which case you're not)

You can get earthquake insurance. I live in an earthquake zone and my LL has earthquake insurance to the value of the house (about C$250000). Cost him about C$400/annum.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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