Earthquake could hit North and South California simultaneously
An earthquake along the San Andreas Fault could impact both North and South California simultaneously, according to new data from CoreLogic. A stateside earthquake such as this could result in 126% more property damage and increase the risks from 1.6 million homes to over 3.5 million for a magnitude 8.0 or higher earthquake along the fault, it warns. This increased risk means a rise in the amount of capital that insurers need to hold in reserve and will hit other areas, such as infrastructure, public safety, utilities, supply chains and transportation. Furthermore, homeowners and businesses need to consider purchasing additional insurance, since earthquake coverage is not included in standard liability policies.    
The number of homes affected by a large earthquake along the San Andreas Fault could increase 126 percent according to a new risk model. (Photo: iStock)

New data from property information and analytics company CoreLogic, finds that an earthquake along the San Andreas Fault could impact both Northern and South California simultaneously.

Once thought an impossibility, a statewide earthquake could result in 126 percent more property damage, increasing the risks from 1.6 million homes to more than 3.5 million for a magnitude 8.0 or higher earthquake along the fault.