Re: Earthquake/disaster insurance | <– Date –> <– Thread –> |
From: dahako (dahakoaol.com) | |
Date: Sat, 9 Aug 2008 13:56:39 -0700 (PDT) |
Hi- I cannot emphasize this enough: get flood insurance for homes and common areas whether or not you are in a 100 year floodplain.? Floods are the single most common disaster and they happen every year to people who never thought they'd flood.? And your regular insurance does not cover floods in the US. Get earthquake insurance if you are in a seismically active area.? Pay attention to what you will need for deductibles.? Get replacement value homeowners or renters insurance. Make sure to regularly (every couple of years) check on the value of your property versus the cap on the replacement amount your insurer will pay. This goes triple if you are a condo type multi-unit development or building rather than simple single family. Build your buildings to deal with the issues likely in your area.? If you may get high winds, get the right windows, building anchors, roof construction, and garage doors.? Don't build in a 100 year? floodplain, it is a sucker's bet given the current projected ocean level increases and the increasing flukiness of the weather. If you are in a condo, talk about what people will do in case the building suffers major or severe damage.? Condos are one of the most difficult rebuilding challenges after a disaster unless all the members almost instantly support the board so it can get a developer to do the reconstruction quickly before the banks call the mortgages. Be smart. Jessie Handforth Kome Eastern Village Cohousing Silver Spring, Maryland And, once again, I am expressing my own opinions and in no way representing my employer.
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Earthquake/disaster insurance Flowers, August 8 2008
- Re: Earthquake/disaster insurance Larry Miller, August 9 2008
- Re: Earthquake/disaster insurance dahako, August 9 2008
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Re: Earthquake/disaster insurance OC611NGC, August 9 2008
- Re: Earthquake/disaster insurance Anne Fleck, August 9 2008
- Re: Earthquake/disaster insurance OC611NGC, August 9 2008
- Re: Earthquake/disaster insurance dahako, August 10 2008
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