Insurance Email:DFR.InsuranceHelp@dcbs.oregon.gov, Financial services Email:DFR.FinancialServicesHelp@dcbs.oregon.gov, Securities and investments Email:Securities.Registrations@dcbs.oregon.gov. Some other resources that show earthquake hazards: The Portland Bureau of Emergency Management released amap and database on unreinforced masonry buildings. 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. Do most policies have guaranteed replacement cost coverage? The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. You have 30 days to accept the offer. This map uses the methods of section 4.2.2.2 of the HAZUS-MH MR4 (FEMA, 2011 in references) to create a new coseismic landslide probability map for Oregon. A deductible is the amount you pay before your insurance kicks in. Oregon Recreational Cannabis Law and Home Insurance. Normally, this coverage is provided with no dollar limit and no deductible. This map uses bedrock one-second spectral amplification (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. 601 SW 17thStreet After this 72 hour period another seismic event would constitute the use of another earthquake deductible. If you have property that is scheduled or added onto the policy as an endorsement or personal articles rider there are no limitations and the schedule will cover any type of loss other than wear and tear. Earthquake insurance typically covers the following: The following items are commonly excluded on earthquake insurance policies: In addition, a California Earthquake Authority policy will cover structures such as bulkheads, piers, retaining walls and masonry fences. Prepare your own home for an earthquake, using basic and often inexpensive steps that are outlined in his new book as well as free publications about earthquake preparation. He has a B.S. The cost of your earthquake insurance is going to vary greatly depending on the age of your home, its location, its build, and more. This is a database of natural gas receipt points in the U.S. provided by the Department of Homeland Security. Yes, we have to include some legalese down here. This dataset is shapefile representing the areas which will be inundated in a Large (L1) tsunami scenario for Oregon coast. At this time, international students are mandated to have health insurance coverage and are automatically enrolled in the mandatory OSU Student Health Insurance Plan. Oregon State University launched a tool to help engineers, planners and geologists evaluate earthquake hazards in Oregon -- just in case the 9.0 magnitude earthquake strikes from the. Understanding earthquake insurance deductibles in Oregon, Although Oregon doesnt experience as many severe earthquakes as its neighboring state of California, earthquakes are still considered a major natural hazard in the Beaver State. Will a separate insurance deductible apply to the structure, contents, and detached structures, or does one deductible apply to the entire loss? As an insurance broker I help individuals throughout Oregon and the Pacific Northwest manage risk. Published in a open file report (OSSPAC,2013) by Oregon Department of Geology and Mineral Industries (DOGAMI). Rates are lower in states with lower seismic activity. What earthquake insurance deductible options are available? If your homeowners insurance doesn't cover earthquake damages, then you will have to pay the repair costs as well as the cost of living elsewhere while rebuilding your home. Vision: OSU is DAM* ready (*Disaster and mission) Coronavirus Updates and Resources The article quotes an Oregon State University scientist who said the odds of the . If earthquake damage to your home is so severe that you must move out, coverage for additional living expenses is available only if you have earthquake coverage. This is a database of POL pumpig stations in the U.S. provided by the Department of Homeland Security. For example, if you buy an earthquake policy with only $100,000 of dwelling coverage, that might not be enough to rebuild your home if it were destroyed. This is a 3D mesh model of the buildings in Portland. Earthquake insurance does not cover a loss caused by landslides, erosion, tsunami, or volcanic eruption, even if an earthquake causes them to happen. Most companies offer deductibles ranging from 10% to 25%. Both publications by the OSU press can be found in local bookstores or purchased on the web at such sites as Amazon.com. Only 13 percent of these buildings have been updated and another 8 percent have been demolished since the 1990s, according to the press release. Right click and save image to download. Oregon State University Suite 300A Premiums vary from state to state, depending on statistical and risk-assessment factors. If you live in an area of Oregon that experiences frequent, strong earthquakes and you can afford the premiums on top of home insurance earthquake insurance may be worth it. Commissions do not affect our editors' opinions or evaluations. I own a condominium. Check with your agent when purchasing earthquake coverage to make sure that the additional living expense coverage extends to earthquake damage. ) or https:// means youve safely connected to the .gov website. This is a hillshade map in the state of Oregon, which is provided by the Oregon Lidar Consortium. Visitors are encouraged to confirm the information contained on this website with other reliable sources and agencies. They can happen in all 50 states. Contact us OSU Student Health Insurance Plan office Phone: (541) 737-6748 Contact us via email Earthquake insurance offers coverage for your home and belongings if they are damaged or destroyed in an earthquake. The deductible could range from 10% to 25% of the dwellings policy limit. 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. Water supply systems, such as wells, irrigation systems, sprinkler systems and water reclamation systems, Underground structures or equipment outside the foundation wall of the dwelling, such as underground pipes, cables, flues and drains, Bulkheads, piers, wharves and retaining walls, Exterior masonry veneer, walls and fences, Personal property located outside of the dwelling, Landscaping, trees, shrubs, lawns or plants, Data (stored electronically or on physical records, like paper or accounting books), Trailers designed for use with a motor vehicle, Decorative items or works of art, such as murals, sculptures, fountains, aquariums, stained or leaded glass, mirrors, and chandeliers, Property of tenants, roomers or boarders not related to you, Any business property or property rented to others, Personal property in any other dwelling owned, rented or occupied by you, Fire (however, fire damage may be covered by your homeowners insurance), Earth movement from a non-seismic event, such as sinking, rising, expanding or contracting of earth because of the increase or decrease in the moisture content of the soil, Water damage such as flood water, tidal water or an overflow of a body of water, Water damage which backs up through sewers or drains, Water below the surface of the ground, including seepage or flows from any part of a building or other structure, sidewalk, driveway or swimming pool, Neglect (meaning you didnt take reasonable steps to protect your property), Nuclear action, including radiation or discharge of a nuclear weapon, even if accidental, War (declared or undeclared), civil war, insurrection, rebellion or revolution, Smog, rust, corrosion, mold, wet or dry rot, settling and animals, Defect, weakness, inadequacy, fault or unsoundness, including planning, zoning, development, design, workmanship, construction, materials and maintenance, Enforcement to repair or demolish a building or structure to comply with local building codes, Discharge, release or escape of pollutants, Theft, burglary, looting, vandalism and malicious mischief. Here are some helpful tips on how to prepare for an earthquake from the California Earthquake Authority. Your share of the cost of a covered services (in addition to co-pays), calculated as a percentage of the service cost. Oregon HazVu CLiP and the Geomatics research group are not responsible for errors or omissions in information provided on this website. Site spectral acceleration at 0.3 sec, in g (standard gravity). Youll need to weigh up several factors when purchasing earthquake insurance, like how close your home is to a fault, how frequent earthquakes are, the age and build of your home, if you can afford to repair your home after an earthquake, and more. "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. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. If your electric power goes on and off, turn off your homes circuit breaker to prevent a power surge. The data in this raster depicts landslide susceptibility at a 10-meter resolution, across the state of Oregon. Expensive rates every $100,000 of earthquake coverage will cost you $500 to $1,000 in annual premiums High deductibles between 5% and 25% of both your dwelling coverage and personal property coverage You may be able to add earthquake coverage to your existing homeowners policy Only 11.3% of Washingtons residents were covered in 2017 despite having the second-largest market in the seismic space. National earthquake hazard reduction program which depicts the site class based on the site soil properties and shear wave velocity in accordance with geotechnical data. Site peak ground velocity, in centimeters per second. Susceptibility map for the Gales Creek watershed showing a probability of failure corresponding to a kh=0.1, m=0.25 and cr=8. 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. This is a complete, digitally compiled, general geology file with a vector polygon format from the Oregon Geologic Data Compilation by DOGAMI. Best for California: Amica. "When Californians first realized decades ago they had a serious earthquake concern, their initial reaction was one of denial. Research in the field can and should be increased. I'm a renter. If your quake damage amount is less than your deductible, insurance wont pay out. A July 2020 Insurance Information Institute survey found that 23% of homeowners with home coverage also have earthquake insurance. 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