Throughout 2016, about 1,000 homeowners across the state of California will get up to $3,000 from the government to retrofit and protect their homes from potential earthquake damage. This is a relatively new program brought to homeowners by state officials and the California Earthquake Authority. Known as the Earthquake Brace + Bolt program, it will be expanding next year to more than 150 zip codes in vulnerable areas across California.
Assembly member Adrin Nazarian secured $3 million in the 2015-2016 state budget that will be used to increase the scope of the program and make it available to those who are living in earthquake-prone areas. Those who are eligible to get money from this program can apply for federal funding in January 2016. Homes eligible for funding are typically those that were built before 1979 and have a crawl space underneath with short and weak walls.
Seismologists from the United States Geological Survey predict a majorly devastating earthquake will hit California within the next few years, which will impact millions of homes and structures across the state. According to experts, there are approximately 1.2 million homes in California that are currently vulnerable to large tremors and need to be retrofitted in order to be better protected. If not, those homeowners could face major losses during a natural disaster.
As the leading provider of web-based property valuation solutions, e2Value can assist you with all of your Insurance-to-Value (ITV) needs. Whether you are looking for valuations for high-value homes, mainstreet homes, condos, co-ops, commercial properties, manufactured homes, log cabins, or farms and ranches, our patented estimator can quickly calculate the cost of replacing a residential, commercial or farm structure, and provide you with a fast, cost-effective and accurate replacement cost valuation.