What happens to condo after earthquake?

When the condominium is declared by the local government as habitable or safe for human use, the homeowners’ association/corporation can decide to repair the destroyed portion of the building, particularly the common areas. The affected condo owner shall repair his/her own condo.

Does earthquake coverage pay for extra living expenses while a home is being rebuilt?

Earthquake insurance covers repairs needed because of earthquake damage to your dwelling and may cover other structures not attached to your house, like a garage. Earthquake insurance covers the cost to remove debris. It also pays for extra living expenses you may have while your home is being rebuilt or repaired.

Does my homeowners insurance cover earthquake damage?

Earthquakes Are a Fact of Life in California Homeowners, renters, and condominium insurance policies do not cover damage from natural disasters such as earthquakes, floods, and landslides. Earthquake insurance can help pay for some of your losses.

Where was the Loma Prieta earthquake in 1989?

Bottom: A view of a garage at an apartment building on Beach Street that was built after the 1989 Loma Prieta earthquake, Oct. 15, 2014. Cars are sandwiched in damaged sections of the Bay Bridge, near Oakland, Oct. 17, 1989, after the bridge came apart following a major earthquake that rocked the San Francisco Bay area.

How much earthquake insurance do I need for my condo?

The insurance covers HOA special assessments due to earthquake damage but are often limited to $100,000.

How does an earthquake affect a building site?

How do earthquakes affect buildings? Ground shaking is the primary cause of earthquake damage to man-made structures. Many factors influence the strength of earthquake shaking at a site including the earthquake’s magnitude, the site’s proximity to the fault, the local geology, and the soil type.

How big is an earthquake in Los Angeles?

A great earthquake along the southern San Andreas Fault could cause many tall buildings to collapse in Los Angeles, explains USGS earthquake expert Dr. Ken Hudnut in a new video interview. Friday’s magnitude-5.2 earthquake in southern Illinois is a reminder that earthquakes are a national hazard.