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Oh Great: I Own Property In Earthquake Zones

by thunderbird
6 replies
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I own property in Vancouver and Ottawa, two earthquake zones. The Vancouver "deal," purchased at height of over-inflated real estate market prices, was to have more suitable housing to raise our baby, but otherwise not a wise investment. Now news from Ottawa, where I also have property:
Earthquakes Canada confirms quake centred near Ottawa | CTV Toronto News
  • Profile picture of the author Patrician
    Don't worry too much TB - I live in California right on top of or very close to several huge earthquake faults - I have lived in the general vicinity all my life - and been through a few earthquakes - none of which ever did any serious damage to me at least - and at least so far.

    Just hope for lots of little ones as they release the pressure that (would) create a big one -

    There are so many things that can get you from every direction that it is really best not to worry.

    That is NOT to say don't be prepared to 'tuff it out' -
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  • Profile picture of the author Don Schenk
    About all you can do is either move far, far away, or purchase an earthquake insurance rider for your property insurance.

    We get just over 100 earthquakes in Utah each year, so we added earthquake insurance. I can only remember a few mild quakes in Cincinnati, although we are within the possible range of the New Madrid fault, located in Missouri.

    "Many people don’t realize that north Alabama lies in the impact zone of the New Madrid fault line, a sleeping giant that is approximately twenty times larger than California’s famed San Andreas fault. The biggest earthquake in U.S. history happened in the New Madrid seismic zone in 1812..." from Nov 2012: Could A Big New Madrid Quake Be Next For The Midwest? | FOX2now.com

    :-Don
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  • Profile picture of the author HeySal
    That's a pretty large quake for that area. The worst problem you will probably have though is cracks in walls or foundation. It's not an area that things are just going to fall into rubble when a big one hits..........um..........unlike Vancouver. That town is going to be rubble if the Cascadia subduction zone blows and it's overdue. So..........I wouldn't worry that much about Ottawa. Just have an inspector in and have any weak areas in the building reinforced and it should be fine. Vancouver? Sell that thing and rent. LOL.
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  • Profile picture of the author Dennis Gaskill
    TB, when you discovered you own property in earthquake zones, did it shake you up? :rolleyes:
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    • Profile picture of the author Horny Devil
      Banned
      It could be worse . . .


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    • Profile picture of the author thunderbird
      Originally Posted by Dennis Gaskill View Post

      TB, when you discovered you own property in earthquake zones, did it shake you up? :rolleyes:
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