California stands at high risk for a major earthquake. Buildings with soft story problems are at high risk for a collapse in an earthquake, and the earthquake doesn’t have to be a strong one to create a serious problem. Tackling earthquake retrofitting as quickly as possible means your building will be protected when the next earthquake strikes. This protects your investment in your building. It also protects the lives of those who live in your properties.
REDUCE LIABILITY RISK
Risk of financial loss is just the first type of risk you face with a building that’s not prepared for the reality of a California earthquake. You also face liability risk. If someone is injured or killed in an earthquake due to the collapse of a building you own, and that building has a known structural flaw like a soft story, you could be held liable.
DO THE WORK BEFORE COSTS RISE
As more and more property owners receive their orders, demand for soft story retrofitting is going to increase. The laws of supply and demand state that increased demand is going to cause increased prices for the retrofitting of structures. If you get the work done now, you will be compliant with the ordinance and be able to invest in Los Angeles soft story retrofitting before the costs go up.
ENJOY SPECIAL PROPERTY-ASSESSED FINANCING
Most property owners are putting off the soft story retrofitting process because of the cost. Those who act early may be able to access special property-assessed financing. This can help you afford the process now, while prices are lower, with monthly payments that work for you.
REDUCED INSURANCE RATES FOR PROPERTY INSURANCE
Some insurance companies are offering property owners discounts on their insurance policies once buildings are retrofitted. Since the risk of a structural collapse is much lower, the risk for the insurance provider is lower, and the reward for this is a more affordable rate.
Are you ready to take advantage of these benefits? While you may have the luxury of time to comply with orders, investing in seismic retrofitting of buildings you own now is going to give you these benefits and the peace of mind that comes from knowing that your building is as safe as possible. Don’t put your building and its occupants at risk. Call SOCAL Retrofitting today to discuss the retrofitting process for your Los Angeles or Orange County buildings.
