In most states, insurers offer earthquake insurance as a separate option to their standard homeowners policy for an additional premium. Most insurers in Oregon sell coverage with 10 percent or 15 percent deductibles. "For some reason Pacific Northwest residents simply don't think that much about earthquakes, probably because here they are few and far between. "We've gotten some minor wake-up calls recently with small earthquakes, but there may be another one some day soon in the form of a magnitude nine earthquake that devastates the whole Pacific Northwest. The user manual said O-HELP should serve as a "starting point" for experts in understanding certain areas and buildings. This might include: If you live in California, state law requires insurance companies to offer earthquake insurance when you purchase homeowners insurance. Mission: To create a prepared and responsive OSU that decreases the impact of incidents to OSU operations. Should I Purchase Insurance When Renting a Car? Susceptibility map for the Gales Creek watershed showing a probability of failure corresponding to a kh=0, m=0.25 and cr=0 scenario. If I have to vacate my home, will earthquake insurance cover the hotel expenses? Costs vary widely based on the type of house, its age, the nature of the soil, and the proximity to known fault lines. Visit www.floodsmart.gov. If your home is insured for $200,000 and has a 50% Extended Replacement Cost you have an additional buffer which brings your home replacement cost up to $300,000. This accessibility map presents the travel time from each zone to Portland International Airport when the network is disrupted, specifically, the eight bridges over the Willamette Rive near Portland downtown are set to be failed. Keep in mind that many insurers offer a cheaper option which is adding earthquake coverage to your homeowners policy for an additional fee but the coverage is usually less comprehensive than a standalone earthquake insurance policy. In some cases, older homes may have to be retrofitted to qualify for coverage. Use and access to this website or any of the links contained within this website do not create an engineering consultant-client relationship. This map uses bedrock one-second spectral acceleration (SA01) values from the model developed by USGS for a specific secnario of Cascadia subduction earthquake ground shaking in the Pacific Northwest (http://earthquake.usgs.gov/eqcenter/shakemap/global/shake/Casc9.0_expanded_se/) combined with a new map of NEHRP site class for Oregon (Madin and Burns 2013) and uses the soil factor relationships of Boore and Atkinson (2008) to calculate site-dependent SA01., The methods and data used to make this map are described in detail in : Madin, I.P., and Burns, W.J., 2013. Cars are not covered under home owner or earthquake insurance policies. Keep in mind that home insurance wont cover earthquake damage. Maximum of $5,000 for business personal property. A seismic retrofit is a way to strengthen your home against earthquakes even if you dont have an earthquake insurance policy. Published in a open file report (OSSPAC,2013) by Oregon Department of Geology and Mineral Industries (DOGAMI). This is a database of FM transmission towers in the U.S. provided by the Department of Homeland Security. This is a database of power plants in the U.S. provided by the Department of Homeland Security. A magnitude 9 quake has a 10% to 15% chance of occurring in that period, he said. Jason Metz is a writer who has worked in the insurance industry since 2007. Earthquake insurance does not cover a loss caused by landslides, erosion, tsunami, or volcanic eruption, even if an earthquake causes them to happen. Robert Yeats, a professor emeritus of geology at Oregon State University and author of a new book "Living with Earthquakes in California: A Survivor's Guide," says much of that book provides a blueprint for where Oregon should be in its earthquake preparation, but clearly is not. Does earthquake coverage exclude certain property and is breakage of fragile articles covered if I purchase earthquake insurance? Therefore a home made of wood most likely will experience a lower premium. ) or https:// means youve safely connected to the .gov website. Oregon State University Earthquake insurance policies can have high deductibles (the amount of money youll pay out-of-pocket toward repairs if you make a claim). 541-737-9355, Student Health Services Will a separate insurance deductible apply to the structure, contents, and detached structures, or does one deductible apply to the entire loss? This is a database of natural gas local distribution in the U.S. provided by the Department of Homeland Security. Published in a open file report (OSSPAC,2013) by Oregon Department of Geology and Mineral Industries (DOGAMI). Both publications by the OSU press can be found in local bookstores or purchased on the web at such sites as Amazon.com. Morrison Bridge, on the other hand, is at a high risk for lateral spreading and at medium risk for liquefaction. How much does earthquake insurance cost in Oregon? This is a database of natural gas liquid pipelines in the U.S. provided by the Department of Homeland Security. The data was created using Oregon Lidar Consortium (OLC) data, Susceptibility map for the Gales Creek watershed showing a probability of failure corresponding to a kh=0.1, m=0.25 and cr=8. Also, you must purchase your CEA policy from the same insurance company that has your home insurance policy. The afternoon peak traffic condition (4pm-5pm) is adopted for simulation in VISUM. If you smell gas, open the windows and turn off the main gas valve. An example would be if the policy had a replacement cost of $297,000 (includes dwelling, other structures, personal property, & loss of use) with a 10% deductible the responsibility of the homeowner would be $29,700. New Auto ID cards have been added to the Accident Report Packets. Coverage provided by Oregon earthquake insurance policies include coverage for earthquake related losses and does not provide coverage for losses attributable to other perils that may be covered under your homeowner policy. Your Oregon earthquake insurance deductible works as a stated percentage which is anywhere from 10% 25% this contrasts to a standard home insurance policy which generally has a dollar amount such as $500 or $1,00 for claims such as fire and theft. "This problem is not new," Yeats said. Phone: (541) 737-6748Contactus via email. This is a database of railroad bridges in the U.S. provided by the Department of Homeland Security. Expect aftershocks, which can happen in the hours, weeks, days and even months following an earthquake. Flood insurance will typically cover damage caused by a tsunami. The part of an earthquake insurance policy that covers hotel expenses is called Loss of Use. CORVALLIS, Ore. - New research shows that a big earthquake can not only cause other quakes, but large ones, and on the opposite side of the Earth. As a journalist and as an insurance expert, her work and insights have been featured in Forbes Advisor, Kiplinger, Lifehacker, MSN, WRAL.com, and elsewhere. In a 2009 Oregon Division of Financial Regulation survey of the Portland market, it was determined that the cost of earthquake insurance for a wood-frame home insured for $300,000 with $150,000 in personal property coverage cost around $200 to $300 per year. Lessons learned from the aftermath of disasters have revealed, time and again, that you can effectively manage risk and recover faster after a disaster if you have insurance. About 20 percent of Oregonians have earthquake coverage, which must be purchased separately. At this time, international students are mandated to have health insurance coverage and are automatically enrolled in the mandatory OSU Student Health Insurance Plan. If you own a condo or you are a renter, you can purchase earthquake insurance to cover your personal belongings and additional living expenses if you cant live in your home because of earthquake damage covered by your policy. In California, you can buy CEA earthquake insurance through home and renters insurance companies. Unfortunately, damage caused by an earthquake is a common exclusion for homeowners, condo and renters insurance policies. Through the DAM Ready movement, increase emergency preparedness in the campus community through planning and outreach. Maintain or consider getting earthquake insurance, especially if you live in an area that has been mapped as being particularly vulnerable to earthquakes or soil liquefaction. Street:350 Winter St. NERoom 410Salem, OR, 503-378-4140 (Salem)888-877-4894 (toll-free in Oregon)503-947-7862 (fax)Contact usAbout us. Standard homeowners insurance doesnt cover earthquake damage. Despite experiencing 90% of the countrys earthquakes, only 10% of Californias residents have earthquake insurance. The time for people to take actions to protect themselves and to take this issue seriously is now, Yeats said. Some other resources that show earthquake hazards: The Portland Bureau of Emergency Management released amap and database on unreinforced masonry buildings. The SA0p3 values are then converted into PGV values. Find your home inventory (if you have one). Cars and other vehicles are covered for earthquake damage under the comprehensive part of the auto insurance policy. This is a database of natural gas receipt points in the U.S. provided by the Department of Homeland Security. Some policies wont cover damage to a swimming pool or the deck surrounding it. A deductible is what youll pay out-of-pocket if you need to file an insurance claim. The California Earthquake Authority (CEA), which provides most of the earthquake policies in the Golden State, offers earthquake insurance discounts for homes retrofitted for earthquakes. In alignment with Oregon State Universitys Strategic Plan 4.0, Insurance and Risk Management Services dedicates its services to the stewardship of the human, fiscal and physical resources which are entrusted to OSU. Learn more about how to decide on earthquake insurance. Visitors are encouraged to confirm the information contained on this website with other reliable sources and agencies. I'm a renter. Learn how, An official website of the State of Oregon, An official website of the State of Oregon , DFR.FinancialServicesHelp@dcbs.oregon.gov, Securities.Registrations@dcbs.oregon.gov, Est preparado para enfrentar desastres naturales, Oregon Department of Geology and Mineral Industries (DOGAMI), DOGAMI map of earthquakes in Oregon since 1841, U.S. Geological Survey(historical earthquakes, interesting facts), Printer-friendly tips on earthquake coverage. Probability of earthquake-induced landslide under dry soil conditions. Wood frame homes generally benefit from lower rates than brick buildings because they have the ability to flex as a home made of masonry will shatter and cannot handle the stress as well as wood structures. The maximum amount of coverage you can buy will depend on your insurance company, but keep an eye on the coverage limits. Week of March 5: 1) Role of Federal and State Government in Earthquake Hazard Mitigation. This article has been reviewed by a licensed Policygenius expert to ensure that sources, statistics, and claims meet our standard for accurate and unbiased advice. State geological surveys often have maps of other earthquake hazards, such as those from landslides, liquefaction, or tsunamis. Your deductible is what you'll have to pay out-of-pocket before your insurance kicks in. This is a database of petroleum terminals in the U.S. provided by the Department of Homeland Security. In other words, the deductible is a percentage of the amount of coverage, not a percentage of the amount of loss. "When Californians first realized decades ago they had a serious earthquake concern, their initial reaction was one of denial. Student Health Services If you live in an area of Oregon thats near a fault line or subduction zone, you may want to consider adding earthquake coverage as an endorsement to your home policy, or purchasing a standalone earthquake insurance policy. Vision: OSU is DAM* ready (*Disaster and mission) Coronavirus Updates and Resources In percent. However, these types of structures are only covered when they are integral to the stability of your dwelling. It can be purchased through the National Flood Insurance Program or some private insurers. How Much Homeowners Insurance Do You Need? Get emergency instructions from a trusted source (radio, television, internet). The map uses a new landslide susceptibility map and a new map of site peak ground acceleration from Madin and Burns (2013, in references) as input to the model. Any insurance policy premium quotes or ranges displayed are non-binding. This is a database of wind turbines in the state of Oregon. This is a database of cellular towers in the U.S. provided by the Department of Homeland Security. Click photos to see a full-size version. For more generalized information regarding earthquake and other types of hazards in Oregon meant for the general public, please visit the web page of Oregon HazVu: Statewide Geohazards Viewer at: Oregon HazVu CLiP and the Geomatics research group are not responsible for errors or omissions in information provided on this website. This is a 3D mesh model of the buildings in Portland. A deductible is the amount you pay before your insurance kicks in. Premiums vary from state to state, depending on statistical and risk-assessment factors. If these types of items are important to you, its a good idea to compare a few different policies to get the coverage you want. In the event of an earthquake, if you want your insurance to cover the damage costs, you'd first have to pay 10% of $100,000, which would be $10,000. A 2009 survey of the Portland market indicated that earthquake coverage for a wood-frame home insured for $300,000 with $150,000 in personal property coverage could be purchased for $200 to $300 annually. Email us ateditorial@policygenius.com. Coverage for wood-frame homes costs less than coverage for brick homes, as wood-frame homes flex and are subject to less damage in case of an earthquake. Environmental & Historic Preservation Guidance, Real Estate, Lending or Insurance Professionals, State, Local, Tribal or Territorial Governments, Preparedness Activities, Research & Webinars, Voluntary & Community-Based Organizations, Environmental Planning & Historic Preservation, National Business Emergency Operations Center, National Earthquake Hazards Reduction Program. A lock icon ( ) or https:// means youve safely connected to the .gov website. Additional living expense normally extends for up to one year after a loss to pay extra expenses for moving and renting other space while your home is repaired. This is a compilation of all ODOT highway networks. googleplay.png Corvallis, OR 97331[emailprotected], Building Manager & Floor Monitor Information. Is the deductible for my earthquake insurance coverage different from the deductible for my basic homeowners insurance coverage? Permanent ground deformation due to earthquake-induced landslide under dry soil conditions, in centimeters. Oregon State University employees and departments may not directly purchase insurance (except for individual 4H accident insurance policies purchased by the local 4H organization). Most companies will define earthquake as means shaking or trembling of the earth, whether caused by volcanic activity, tectonic processes or any other cause. All Oregon State students are strongly encouraged to have some form of health insurance. * An acceptable CSV file format is comma-delimited with PID, Latitude, Longitude fields! Earthquake insurance deductibles are another major factor to consider when buying earthquake insurance they tend to be more expensive since theyre set at a percentage of your coverage instead of a flat dollar amount like standard home insurance deductibles. Here are some helpful tips on how to prepare for an earthquake from the California Earthquake Authority. If you are using a screen reader and are having problems using this website, please call 1-855-695-2255 for assistance. This means that each company has a maximum they will pay for damage to covered property identified in the special limit of liability category. Decades ago they had a serious earthquake concern, their initial reaction was of., damage caused by an earthquake insurance a 10 % of the amount of Loss on masonry... 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