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California quake hits Napa liquor store losses and insurance doubts
In Napa a 6.0 magnitude quake damaged about half of Redwood Liquor and $75,000 worth of bottles spilled into aisles. Owner says annual earthquake premiums of 7 to 8 percent on a $100,000 policy make insurance impractical. Experts note high costs and limited coverage versus flood policies and disaster relief assumptions.
MENTIONED IN THIS ARTICLE
APA
Masani
California
Napa
Bay Area
San Francisco
Insurance Information Institute
Bob Hartwig
Institute
United States
Northridge
Los Angeles
Ricane Center
Karen Clark
Karen Clark & Co
Patricia Grossi
RMS
Pomeroy
Grossi