and You

Does your Small Business Are You Prepared? Have a Recovery Plan? What plans do YOU have?

Alaska Seismic Hazards Safety Commission Http://www.seismic.alaska.gov

See other websites of interest:

Alaska Earthquake Information Center • A business disaster-recovery plan will Are you prepared for the next big make your business better able to earthquake in Alaska? http://www.aeic.alaska.edu/Seis/html_docs/ survive in a post-disaster nextbigeq.html environment. • Although physical assets can be State of Alaska Division of Insurance Alaska Seismic th replaced, emotional and social 550 W 7 Avenue, Suite 1560 Anchorage, AK 99501 Hazards Safety changes that affect businesses and Phone: 907-269-7900 Commission their customers may remain long Fax: 907-269-7910 after a disaster. Toll free In-state: An advisory board consisting of 11 members 1-800-467-8725 • from the public and private sectors serving Businesses may not return to their http://www.dced.state.ak.us/insurance previous revenue levels after a the Alaska Governor and Legislature. disaster; however, some businesses and such as construction are likely to be in great demand following an Alaska Division of earthquake. Insurance

Earthquakes and Homeowners:

It may cover increased costs to stabilize How much coverage is right for you the land under your home. Earthquake will depend on your situation. insurance covers the cost to remove Insurance policies have “limits of debris. It also pays for additional living coverage” that tell you the largest expense you may have while your home dollar amount covered for the is being rebuilt or repaired. Coverage for different types of losses. A policy may other kinds of damage that may result have sublimits. For example, a policy from , such as fire and could have a $50,000 limit for water damage due to burst gas and personal and a $5,000 water pipes, is usually provided by sublimit for computers. That sublimit standard home and business insurance Don’t be fooled by the would mean that the insurer would policies. Car and other vehicles can be pay no more than $5,000 to repair or myth: covered for earthquake damage by auto replace your computers. comprehensive insurance. “HOMEOWNER’S INSURANCE WILL COVER ANY DAMAGE TO Think about you and your Insuring your home for its appraisal or loan value likely means you’ll only MY HOME OR BELONGINGS family—where will you be and have enough coverage to repay your CAUSED BY AN EARTHQUAKE.” what will you need if an lender. It may not be enough to repair earthquake strikes? or rebuild your home, especially if it is Most residential a total loss. Usually the dwelling policies do not cover damage coverage limits will be the same on resulting from earthquakes. A your homeowners separate insurance policy is one way and your earthquake insurance. If you to protect your home and the don’t have enough homeowners investments you have made in insurance coverage, you may not have personal belongings. Investigate your enough earthquake insurance either. options carefully to ensure that your A is the amount the assets are sufficiently protected. homeowner is responsible for on each Earthquake insurance covers repairs claim. The insurer is responsible for needed because of earthquake damage the amount greater than the like shaking and cracking to your dwelling deductible, up to the coverage limit. and may cover other structures not The deductible for earthquake attached to your house, like a garage. It insurance may be 10 to 20 percent of insures your personal property for damage the coverage limit. Read the policy caused by earthquake. provisions as they apply.