Over 90 Percent Of Napa Residents Don't Have Quake Insurance: Report [1]
"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. [2]
SEE ALSO:
"After Injuries, Widespread Damage From Napa Quake, Cleanup Ensues" (Sacramento Bee) [3]
"California Wine Country Quake Losses Seen in the Billions" (Reuters) [4]
"Napa Mops Up Wine and Tallies Its Losses After Quake" (New York Times) [5]
"Napa Quake Seen Costing Up to $4 Billion as Wineries Shut" (Bloomberg) [6]