OSU Extension's Cascadia Earthquake Preparedness project has been recognized with two 1st Place National Extension Disaster Education Awards. Additional federal financial help is often in the form of loans that have to be paid back. He has a B.S. This is a parameter which depicts the land level change in a Cascadia subduction earthquake event. Oregon Hazard Explorer for Lifelines Program. The amount you owe for healthcare services your health insurance or plan covers before your health insurance or plan begins to pay. 108 SW Memorial Place Bridge damage map for the selected Cascadia subduction zone earthquake scenario using earthquake ground shaking + landslide + liquefaction fragility functions. 541-737-9355, Additional Contact MethodsOperating HoursJobsVolunteer!Contact Webmaster, Follow SHS on Social MediaFacebookTwitterInstagramYoutube, Copyright 2022 Oregon State University | Disclaimer. An example of an earthquake deductible would be if your home is insured for $200,000 and your earthquake insurance policy has a 10 percent deductible, you would have to pay the first $20,000 in repair or replacement costs before the insurance company will pay for the remainder of the repairs that are necessary. Published in a open file report (OSSPAC,2013) by Oregon Department of Geology and Mineral Industries (DOGAMI). The methods and data used to make this map are described in detail in: Madin, I.P., and Burns, W.J., 2013. That's what has happened in California, and that's the approach we should be taking here in the Pacific Northwest.". If your quake damage amount is less than your deductible, insurance wont pay out. How you know However, the increase in insurance premiums has made coverage hard to get in many areas, contributing to the decrease of insurance covering seismic claims. If so, how would this coverage apply if I suffer a loss? The time for people to take actions to protect themselves and to take this issue seriously is now, Yeats said. It shouldn't be incorporated in building plans without verification. Where can I buy earthquake insurance in Oregon? Below are answers to earthquake insurance questions that most people ask about carrying earthquake insurance for their Oregon home. Also, you must purchase your CEA policy from the same insurance company that has your home insurance policy. Please note that all the probabilities in this dataset are scaled to 30 percentage. Understand various vehicle use rules and how insurance applies to different modes of ground travel. The goal in that course, as in much of the rest of his activities these days, is to raise student and public awareness of earthquake risks and build a consensus to address them, Yeats said. Corvallis, OR97331 This is a database of natural gas compressor stations in the U.S. provided by the Department of Homeland Security. When deciding to purchase earthquake insurance, youll need to consider how at risk you are for earthquakes and how much you'd be able to pay out of pocket to repair your home after a quake if you decide to forgo earthquake coverage. At this time, international students are mandated to have health insurance coverage and are automatically enrolled in the mandatory OSU Student Health Insurance Plan. Most policies state that any shocks that occur within a 72-hour period constitute a single earthquake. Please see the relevant text report for more details. As a former claims handler and fraud investigator, hes seen a lot, and enjoys helping others navigate the complexities and opaqueness of insurance. Data from the USGS National Elevation Dataset were used in the remaining gaps where lidar data were not available. The exact cost depends on the amount of coverage, deductible, homes risk and other factors. And that doesn't even consider the major risks the state faces from crustal earthquakes and shallower faults, some of which run right under the Portland metropolitan areas. Landslide displacement value corresponding to a 2% in 50 years event. Learn more about how we use and vet external sources as part of our, Senior Editor & Licensed Home Insurance Expert. Right click and save image to download. CORVALLIS, Ore. - New research shows that a big earthquake can not only cause other quakes, but large ones, and on the opposite side of the Earth. Published in a open file report (OSSPAC,2013) by Oregon Department of Geology and Mineral Industries (DOGAMI). You might be using an unsupported or outdated browser. A .gov website belongs to an official government organization in the United States. Always verify that the company or individual you are working with has a license. This is a complete, digitally compiled, general geology file with a vector polygon format from the Oregon Geologic Data Compilation by DOGAMI. This map uses the methods of section 4.2.2.1 of the HAZUS-MH MR4 (FEMA, 2011 in references) to create a new coseismic liquefaction probability map for Oregon. 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. CORVALLIS - It's time for Oregonians to wake up to the earthquake risks of the Pacific Northwest and adopt the regulations and programs of their neighbors to the south if Oregon is to avoid a major catastrophe in its future, says one of the region's leading earthquake experts. How much earthquake insurance coverage should I buy? Preparedness: Think through your evacuation scenario from different parts of the campus or your commute and be familiar with the tsunami evacuation route map. Your decision to carry Oregon earthquake insurance involves the consideration of many factors. This map uses bedrock PGA 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 PGA. The methods and data used to make this map are described in detail in : Madin, I.P., and Burns, W.J., 2013. Both publications by the OSU press can be found in local bookstores or purchased on the web at such sites as Amazon.com. The deductible could range from 10% to 25% of the dwellings policy limit. In some cases, older homes may have to be retrofitted to qualify for coverage. Your financial situation is unique and the products and services we review may not be right for your circumstances. All rights reserved (About Us). Contact us OSU Student Health Insurance Plan office Phone: (541) 737-6748 Contact us via email Phone: 541-737-7252[emailprotected]. Site peak ground velocity, in centimeters per second. For example, we found a policy that only allowed for $500 to replace a computer and another policy that pays only up to $1,000 for felled tree removal (and no more than $500 to remove any one tree) regardless of how many trees fell. In percent. This is a database of watershed regions in the U.S. provided by the Department of Homeland Security. Oregon State University employees and departments may not directly purchase insurance (except for individual 4H accident insurance policies purchased by the local 4H organization). In percent. Vision: OSU is DAM* ready (*Disaster and mission) Coronavirus Updates and Resources The methods and data used to make this map are described in detail in : Madin, I.P., and Burns, W.J., 2013. This is a database of retail service territories in the U.S. provided by the Department of Homeland Security. The linked websites are not under Geomatics research groups control and the research group does not assume any responsibility or liability for any communication or materials available at such linked websites. Landslide displacement value corresponding to a 10% in 50 years event. Earthquake risk in Oregon Experts have recorded more than 6,000 earthquakes in Oregon, most too small to feel, since 1841. Policygenius uses external sources, including government data, industry studies, and reputable news organizations to supplement proprietary marketplace data and internal expertise. Homeowners insurance doesnt cover earthquake damage. googleplay.png Cookie Settings/Do Not Sell My Personal Information. If your home is insured for $200,000 and it ends up costing $375,000 the company will rebuild it without carrying any of that cost over to the insured. Some earthquake insurance policies will not cover certain types of problems that occur right before, during or after an earthquake. CORVALLIS - It's time for Oregonians to wake up to the earthquake risks of the Pacific Northwest and adopt the regulations and programs of their neighbors to the south if Oregon is to avoid a major catastrophe in its future, says one of the region's leading earthquake experts. The interactive map shows which buildings were built prior to 1974, when Oregon adopted a statewide building code, and after seismic standards were adopted in 1993. A .gov website belongs to an official government organization in the UnitedStates. SHSoffers student health insurance for students that may not have had access previously. The repeat interval of such earthquakes in geologic history has at times been less than 300 years, and an earthquake such as this, at magnitude eight or larger, would now cause a catastrophic level of damage, billions of dollars in property losses and thousands of deaths. However, these types of structures are only covered when they are integral to the stability of your dwelling. For more information on adding a dependent to your OSU health insurance, contact the Student Health Insurance office at 541-737-7600. This is a database of natural gas storage facilities in the U.S. provided by the Department of Homeland Security. A July 2020 Insurance Information Institute survey found that 23% of homeowners with home coverage also have earthquake insurance. Premiums for earthquake insurance differ widely by the type of house, its age, the nature of the soil, and proximity to known fault lines. In that case, your home insurance policy should cover the fire-related damage since the policy covers fires. This accessibility map presents the travel time from each zone to Portland International Airport when the network is intact. Forms include those for volunteers, waivers, photo opt out release, and claims. Washington state joins it in May, which will complete coverage of the West Coast of the contiguous United States. For example, if you have $250,000 of dwelling coverage and a 10% deductible, you would have to pay $25,000 for repairs before the insurance would start paying. If you have a $100,000 dwelling policy limit, you could be responsible for paying $10,000 to $25,000 if you file a claim. Life insurance teamMonday-Thursday 9am-10pm ETFriday-Sunday 9am-8pm ET, Home & auto insurance teamMonday-Friday 9am-9pm ET, Disability insurance teamMonday-Friday 9am-6pm ET, 555 S. Mangum St., 6th FlDurham, NC 27701. 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. As a combined single limit policy at time of claim settlement coverage may be applied as needed to dwelling, contents, loss of use, etc. The Oregonian/OregonLive has also compiled data on building construction and earthquake preparedness in the Portland-metro area. Check with your homeowners insurance company to learn if they offer standalone policies or earthquake coverage endorsements. Repairing or replacing you home damaged by an earthquake will typically cost more than a home that is damaged by a fire, water leak or other relatively small-scale disaster. Earthquake insurance covers direct physical loss to property. To create a prepared and responsive OSU that decreases the impact of incidents to OSU operations. This is a database of land mobile broadcast towers in the U.S. provided by the Department of Homeland Security. Earthquakes are considered a hazard in Oregon, so homeowners in Oregon may want to consider earthquake coverage. Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement, Privacy Policy and Cookie Statement, and Your Privacy Choices and Rights (each updated 1/26/2023). "This problem is not new," Yeats said. . Many insurance companies stopped insuring earthquakes in the 1990s after projections suggested that a major earthquake could potentially bankrupt them. 601 SW 17thStreet Earthquake Insurance: General Principles (Chapter 10) . This is a database of transmission lines in the U.S. provided by the Department of Homeland Security. A homeowner with $300,000 in dwelling coverage and a 10 percent deductible would pay $30,000 before insurance pays. water wells, hydrocarbon exploration, etc). All Oregon State students are strongly encouraged to have some form of health insurance. Your share of the cost of a covered services (in addition to co-pays), calculated as a percentage of the service cost. The methods and data used to make this map are described in detail in : Madin, I.P., and Burns, W.J., 2013. 541-737-9355, Student Health Services This article has been reviewed by a licensed Policygenius expert to ensure that sources, statistics, and claims meet our standard for accurate and unbiased advice. Generally, earthquake insurance deductibles are between 10% and 25% of the dwelling coverage policy limit. Permanent ground deformation due to earthquake-induced landslide under wet (or saturated) soil conditions, in centimeters. Coverage provided by Oregon earthquake insurance policies include coverage for earthquake related losses and does not provide coverage for losses attributable to other perils that may be covered under your homeowner policy. If you want coverage for problems related to earthquakes, you can purchase an earthquake insurance policy. Most insurers place a moratorium on selling earthquake coverage for a period of time after any significant seismic event. Unfortunately, damage caused by an earthquake is a common exclusion for homeowners, condo and renters insurance policies. This would include land shock waves or tremors before, during, or after a volcanic eruption as well. Below is what earthquake insurance does and does not cover. 200 Cascade Hall Any insurance policy premium quotes or ranges displayed are non-binding. There are 4 classes of landslide susceptibility: Low, Moderate, High and Very High. We took a look at some prominent buildings to see how they would fare. Get emergency instructions from a trusted source (radio, television, internet). Questions about this page? There are typically a lot of exclusions and limits on coverage, which should give you pause. Past performance is not indicative of future results. Probability of earthquake-induced landslide under dry soil conditions. Editor's note: This is a revised version of the press release. You can find out how a company defines what an earthquake is by reviewing the policy language under the Definition portion of any insurance contract. Earthquake Insurance, Seismic Retrofit or Both. The user manual said O-HELP should serve as a "starting point" for experts in understanding certain areas and buildings. 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. 'The Really Big One' earthquake and tsunami explained by hand. The information is set out in Bulletin 12 , "Residential Seismic Strengthening - Methods to Reduce Potential Earthquake Damage.". You would want to have your own individual earthquake policy because the master policy will not provide you coverage for your personal property and any extra expenses associated with a loss caused by an earthquake. A magnitude 9 quake has a 10% to 15% chance of occurring in that period, he said. Keep in mind, you may be able to purchase a policy that covers commonly excluded items. You choose what you set your deductible to when you purchase your policy. Standard homeowners insurance does not cover damage resulting from land movement or landslides. Earthquakes have occurred in 39 states since 1900, and about 90% of Americans live in areas considered seismically active. Learn So, buy earthquake insurance before an earthquake. Just type in a location in the search bar at the top right and wait for the assessment to pop up (you may have to wait a couple of minutes). Student Health Services Keep in mind that home insurance wont cover earthquake damage. A standard homeowners insurance or renters insurance policy doesnt cover earthquake damage, as earthquakes arent covered by hazard insurance. The top three markets in the country California, Washington and Missouri highlight how unprepared the nation is. Take control of your financial future and download the Earthquakes Can Drain Your Bank Account infographic. in School of Civil and Construction Engineering at the If you live in an area prone to earthquakes, you should at least consider the pros and cons of earthquake insurance. hazadaptweb.png Many people find earthquake insurance to be pricey, especially considering the high deductibles that theyd have to cover anyway. 2023 Advance Local Media LLC. If you missed the notice, you can contact your homeowners insurance agent and ask to add earthquake insurance. Best for Bundling Policies: American Family Insurance . Costs vary widely based on the type of house, its age, the nature of the soil, and the proximity to known fault lines.