Hi all RE experts,
We bought our house @ 1 year back.
I was watching TV news today and saw a news item which showed California Firefighters preparing hard for earthquake situations. News item also said that experts have found the following:
Two of the Bay Area’s most infamous and potentially deadly earthquake faults may be linked, potentially packing a greater punch than even the 1989 Loma Prieta temblor.
The pair-up is troubling: once thought to be two miles apart under the bay, the Rodgers Creek Fault, running from near Santa Rosa into the San Pablo Bay, and the Hayward Fault, stretching from below San Jose through the Oakland and Berkeley hills into West Contra Costa County, may indeed form one 99-mile-long fault that could deliver a blow greater than the sum of its parts.
Our property was built in 1971. We have the regular home insurance. My question is what are your opinions on Earthquake insurance? Do people have earthquake insurance? Under what circumstances should we consider it?