Building Damage in the Napa Earthquake

john's picture

One of the questions we are often asked is whether one should buy earthquake insurance, or put the money into seismic retrofitting.  While this is a question for the individual, we can show that retrofitting can save considerable money by reducing damage.

For this exercise, I assume a fictitious building in downtown Napa.  I use the home damage estimator for this purpose.  For one of the calculations, I assume the building was constructed in 1950 and conformed to the bulding code as it then existed.  For the other calculation, I assume the building was constructed in 2010 and conforms to the current code. 

The results are shown below.  For the building constructed in 1950, we find 29% damage or $74,000 in damage for a $250,000 structural cost.  For the building constructed in 2010 we find 9.9% damage or $25,000 in damage for a $250,000 structural cost:

For the building built in 1950:

For the building constructed in 2010:

Comments

Bethany Ford's picture

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Kareko's picture

These tips are very helpful and useful. 

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