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Tennessee Department of Commerce and Insurance Earthquake Preparedness Begins With Insurance Assessment
Posted By Clarksville Online News Staff On Wednesday, October 16, 2019 @ 11:30 pm In News | No Comments
Nashville, TN – As thousands of Tennesseans take part in the ninth annual Great Central U.S. ShakeOut on Thursday, October, 17th, 2019, the Tennessee Department of Commerce and Insurance (TDCI) reminds consumers that earthquake insurance can lower consumers’ financial burden in the event of a devastating earthquake.
Earthquakes frequently occur in Tennessee because the state’s eastern and western areas sit along seismic zones (the East Tennessee Seismic Zone and the New Madrid Seismic Zone respectively) where earthquake activity happens more frequently.
In 2018, the United States Geological Survey reported 301 earthquakes occurred in Tennessee.
While most quakes that occur in Tennessee are small, scientists have said there is a 25-40% chance that an earthquake with a magnitude of 6.0 or greater will occur within the next 50 years in the New Madrid Seismic Area, which is in western Tennessee. The Mid-America Earthquake Center at the University of Illinois  estimates that a 7.7 magnitude earthquake along the New Madrid seismic zone would damage 256,000 buildings and cause $69 million in economic loss in Tennessee.
“It is a common misperception that earthquake coverage is provided in a typical homeowners or business insurance policy when, in fact, you need an earthquake insurance policy to cover home repairs after an earthquake,” said TDCI Commissioner Hodgen Mainda. “Unfortunately, consumers typically take earthquake insurance for granted until they experience a significant earthquake. I urge Tennesseans to assess their risk and learn more about earthquake insurance today.”
Because of Tennessee’s earthquake risk, TDCI shares the following information about protecting your home, your belongings, and your family from a potential earthquake:
During the ShakeOut drill, participants will practice the Drop, Cover, and Hold On technique, which is the proper self-protection measure in an earthquake. The technique’s actions are:
You can also ask your insurance company to help you identify possible repairs and improvements to minimize damage.
Protecting Tennesseans through balanced oversight of insurance and regulated professions while enhancing consumer advocacy, education, and public safety. Our divisions include the State Fire Marshal’s Office, Insurance, Securities, Regulatory Boards, Tennessee Law Enforcement Training Academy, Tennessee Emergency Communications Board, and TennCare Oversight.
To check a license of a professional regulated by the Department, go to http://verify.tn.gov/ .
Article printed from Clarksville, TN Online: https://www.clarksvilleonline.com
URL to article: https://www.clarksvilleonline.com/2019/10/16/tennessee-department-of-commerce-and-insurance-earthquake-preparedness-begins-with-insurance-assessment/
URLs in this post:
 The Mid-America Earthquake Center at the University of Illinois: https://www.in.gov/dhs/files/NMSZ_threats_flyer.pdf
 Image: http://www.clarksvilleonline.com/cols/www/delivery/ck.php?n=aa8e5b9a&cb=762638791
 Image: http://www.clarksvilleonline.com/cols/www/delivery/ck.php?n=aa8e5b9a&cb=1433997402
 gov/insurance: https://www.tn.gov/commerce/insurance-division.html
 http://verify.tn.gov/: http://verify.tn.gov/
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