Over 90 Percent Of Napa Residents Don't Have Quake Insurance: Report

"The 6.1-magnitude earthquake that shook Napa Valley early Sunday morning could total more than $1 billion in losses. As many as 100 homes were left in unlivable condition, and it’s likely most residents will be paying out-of-pocket for repairs.

'The percentage of homeowners and renters who have earthquake insurance in the affected area is very low -- in Napa less than 6 percent, and in Sonoma less than 10 percent,' insurer California Earthquake Authority (CEA) said in a press release Sunday. "The statewide average for residents who have an earthquake insurance policy also is low -- about 10 percent.'"

Lydia O'Connor reports for the Huffington Post August 25, 2014.

SEE ALSO:

"After Injuries, Widespread Damage From Napa Quake, Cleanup Ensues" (Sacramento Bee)

"California Wine Country Quake Losses Seen in the Billions" (Reuters)

"Napa Mops Up Wine and Tallies Its Losses After Quake" (New York Times)

"Napa Quake Seen Costing Up to $4 Billion as Wineries Shut" (Bloomberg)

Tuesday, August 26, 2014