MENLO PARK (KCBS) – Despite the many seismic improvements throughout Bay Area since Loma Prieta, most Californians remain woefully underinsured against damage from a major quake, according to a leading earthquake expert.
“From the point of view of infrastructure, and I’m talking about highways, power delivery systems, water delivery systems, we’ve really done a great job,” said Jack Boatwright, a geophysicist with the US Geological Survey.
But the money that will be needed to rebuild after a large earthquake is effectively not there, he said.
“California is critically underinsured right now. There’s only ten percent insurance in California.”