The Insurance Fixer
Scott Simmonds, CPCU, ARM
April 18, 2006 - Earthquake Special
Unbiased Insurance Info & Advice --- http://www.InsuranceFixer.com
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Feel free to forward this newsletter to your colleagues. Comments, questions, and suggestions are always welcome. Email: Scott@InsuranceFixer.com.
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100 Years Ago - The San Francisco Earthquake
At 5:12 a.m. on April 18, 1906 the San Andreas fault gave way resulting in an earthquake of 8.7 magnitude. Some 28,000 buildings collapsed. Fires ensued and more than 3,000 people died. The homeless numbered some 200,000. Damage was estimated at 500 million 1906 dollars. The same quake today would cause damage of over $80 billion.
Most property insurance policies exclude earthquake - even in areas where the chance of quake is low. Earthquake is one of the most devastating causes of property loss for which most people have no insurance (flood and terrorism being the others).
To learn more about earthquakes in your area visit your state's geological survey web site - Google your state name along with, "geological survey."
Consider adding earthquake to your insurance, even if the chance of loss is low in your area. Get quotes from your insurer. You may be surprised at how inexpensive the coverage is. Quakes can occur even in areas of low risk. The 1755 earthquake that hit Boston caused 100 chimneys to fall. Boats in Boston Harbor were tossed about as if they had run aground. Imagine the damage a similar quake would cause today.
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Workers' Comp Experience Modification Teleseminar - April 21st -- Learn what you need to know to control your workers' compensation premium - http://www.InsuranceFixer.com/Teleseminar-mod.html. There is still room!
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Do You Have The Right Insurance? Contact me to discuss an unbiased review of your insurance program. Do you have the right coverage? Can your policies be fine-tuned to improve the protection? Can changes be made to ease the administrative burden insurance causes? Are you getting the service you should from your broker? I can help. Call 207.284.0085 or email me at Scott@InsuranceFixer.com. Remember, I don't sell insurance so I'm unbiased.
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Scott Simmonds,
CIC, CPCU, ARM
Insurance Consultants of Maine, Inc.
Phone 207-284-0085
Scott@InsuranceFixer.com
http://www.InsuranceFixer.com
Unbiased Insurance Solutions
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Insurance Consultants of Maine, Inc. is an unbiased, fee-only insurance and risk management advisory firm. We don't sell insurance and never accept fees or commissions from insurance companies or agents.
© 2006 Insurance Consultants of Maine, Inc. All Rights Reserved. We encourage sharing this newsletter in whole or in part if copyright and attribution (including my web address) are always included.
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