How Much Does Earthquake Recovery Cost?
When the ground starts shaking and you realize that you could be experiencing an earthquake, one of the last things to cross your mind is probably the cost to recover from an earthquake.
Undoubtedly, your first concern is to make sure that everyone you love, including yourself, makes it through the event safe, with life and limb intact. Hopefully, you never have to experience such a terrible event. For those that do have the experience, the question of earthquake recovery will become the main concern once the shaking stops.
How Much Will It Cost To Recover From an Earthquake?
The specific earthquake recovery costs you experience will depend on various factors. Obviously, the severity of the earthquake itself and the age of your structure are going have the most to do with your final repair costs. You also might be surprised to find out that it will likely be more affordable to recover from an earthquake in areas that are more earthquake-prone. Not only will there already be earthquake recovery experts, experienced in dealing with the natural disaster right in your area, but there's a good chance that your structure was actually built with the possibility of an earthquake in mind.
For those of you who experience a quake in areas not commonly prone to earthquakes, you're likely to pay the most for earthquake recovery work.
For a hard-and-fast quote, you're going to want the expert consultation of local earthquake recovery experts. In a case with only minor damage, a repair bill would be $4,000 whereas in extensively damaged homes, it will be $30,000. For the average earthquake recovery bill, expect to pay $10,000.
Hopefully, if you're in a position to pay a large bill for these sort of repairs, you have a homeowner's insurance policy in place that covers damage from earthquakes. In that case, there's a possibility that you'll only be paying your deductible, or perhaps slightly more.
Consider The Following Global Estimates
Most expensive earthquakes in modern times:
- 2011 Tohoku earthquake & related tsunami in Japan — Over $300 billion
- 2008 Sichuan earthquake in China — $148 billion
- 1995 Great Hanshin earthquake in Japan — $102.5 billion
- 1994 Northridge earthquake in California, USA — $20 billion
Understanding the overall costs for a nation to rebuild after a major earthquake does very little to mitigate the immediate costs that an individual or family has to lay out to recover their own immediate lives. It does, however, put the generally large price tag into perspective. Aside from the bigger picture, consider on a small scale just how many repairs are needed for an individual homeowner in the case of an earthquake recovery job.
Typical Forms Of Damage From Earthquakes
- Broken plumbing and gas pipes
- Damaged and severed electrical wires and components
- Foundation repair
- Spackling, replacing drywall and painting cracked walls
- Repair or replacement of flooring in many, if not all rooms
How To Get a Free Quote For Earthquake Recovery
If you have had the terrible misfortune of experiencing an earthquake and have earthquake recovery repairs to complete, you need to start getting estimates. Online references are better than nothing, but the best way to understand how to plan out your own personal repair budget is to get quotes from local repair specialists.
For a no-obligation, 100% FREE earthquake recovery and repair estimate, simply enter your home zip code in the space provided on this page and qualified specialists will reach out to you with specific quotes. Take advantage of this free offer now to get an accurate estimate.
