CDI Grant Program to Offer Protection from Catastrophic Earthquake Damage

The California Department of Insurance (CDI) is implementing Phase 7 of its Earthquake Retrofit Grant Program and including two central valley counties, San Joaquin and Stanislaus, to offer protection for valley homes from catastrophic earthquake damage.

Seismic research conducted in 1960 identified national earthquake hazard zones ranging from zero (less likely to occur) to four (more likely to occur). Much of California was identified within zones three and four. San Joaquin and Stanislaus counties, located just southeast of the seismically active Bay Area are considered vulnerable to possible earthquake activity.

“We know that retrofitting a home to current protection standards returns a rate of 10-1 in savings by hopefully avoiding catastrophic property damage in an earthquake,” said Walter Watson, earthquake grants program chief. “We encourage homeowners to take advantage of this valuable program.”

Grants are available to low-to-moderate income homeowners to retrofit single family, owner-occupied residential properties against earthquake damage. Grants range from $4,000 for mobile homes to $30,000 for site-built wood frame homes.