With an average premium of $700 per year and deductibles of between 10 and 15 percent, earthquake insurance is quite expensive and policies are quite strict - typically covering just the property directly damaged by the earthquake, which in this case creates ambiguity of whether the inventory would be covered. Business owners, meanwhile, could apply for low-interest loans to cover up to $2 million for earthquake damage. The Wall Street Journal estimates a reduction in economic activity by as much as $100 million for the region due to reduced sales and tourism. The earthquake struck just before 3:30 a.m. about 10 miles northwest of American Canyon, which is about 6 miles southwest of Napa, in California wine country, Leslie Gordon of the U.S. Geological Survey said. Those who have earthquake insurance would be eligible for assistance to pay for uncovered losses. Sunday morning, the San Francisco Bay area awoke to shaking; a 6.0 magnitude earthquake, California's strongest since the 1989 Loma Prieta earthquake, rocked Napa and Sonoma counties. Funding will be distributed over the next eight to 12 weeks in two specific areas: Nor does it take into account the cost to the Napa Valley wine industry, which is still being tallied. Dissuading a property-owner even more is the implied guarantee of a state or federal bailout after the fact. One independently run school, Stone Bridge Charter School southwest of Napa, remained closed for repairs. Built in 1886 the building was currently used as the winery's tasting room. The ripples of destruction left by a powerful earthquake came into sharp focus Wednesday when Napa officials estimated a $300 million hit to homes and businesses in that city alone - … While the quake's cost to the wine industry remains unknown, the Napa Valley Vintners Association announced Wednesday that it will donate $10 million for earthquake relief. M 6.0 - South Napa Fewer than 500 customers were expected to be without water Wednesday due to crews turning off service during their work. “Most of the impact of the earthquake centered in around the city of Napa and points south where the epicenter was,” Fuller said. Did we need to suspend outdoor dining? Many historic businesses, homes, and structures were damaged during the earthquake. Despite California's above average risk, problematic earthquakes are still quite rare. Following the South Napa Earthquake on August 24, 2014, the Earthquake Engineering Research Institute (EERI) convened a small team of researchers to develop an approach for studying the resilience of businesses impacted by major earthquakes. The epicenter of the earthquake was located to the south of Napa and to the northwest of American Canyon on the West Napa Fault. Carson Bruno is the assistant dean for admission and program relations at the Pepperdine School of Public Policy. On average, the Napa Valley sees over 13,400 visitors spending $3.82 million a day. The latest in the wake of Sunday's magnitude 6.0 earthquake in southern Napa County: Damage: Napa officials estimated $300 million in damage to homes and businesses, with no estimate yet on public buildings or infrastructure. The state can then call on the Federal Emergency Management Agency to come and review the damage as well. The team comprised a diverse mix of perspectives and backgrounds, including Weis said the damage included crushed barrels and thousands of gallons of lost 2013 vintage wine, along with hoses, pumps, barrel lifts, washers, valve shutoffs, tank fixtures, portable cooling units, forklifts and "whatever you can think of that would be damaged by barrels bouncing of the top of it.". An earthquake alert system would have given residents notice, but not enough time to secure the barrels and bottles of wine, something that probably should have been done years ago. The Economic Impact Of the Napa Earthquake. In addition, a new approach to home earthquake vulnerability assessment was piloted. There's clearly never been this kind of earthquake damage in the city before.". Why California's update on Disneyland reopening is bad... Glass Fire devours California's oldest resort. The communities are taking stock as they tend to more basic needs. The Economic Impact Of the Napa Earthquake. Henry K. Lee, Hamed Aleaziz, Peter Fimrite. And the Napa wine industry is responsible for $1.2 billion in state and local taxes. Renters without insurance can get loans up to $40,000 to cover personal items. The Napa tremor is the largest to hit the Bay Area since the magnitude 6.9 Loma Prieta event in 1989. August 26, 2014. The Earthquake Event Page application supports most recent browsers, view supported browsers. As of Monday, some 150 buildings have been either red- or yellow-tagged meaning they are either too dangerous to enter at all or can only be entered for limited purposes by the owners. The Napa County Board of Supervisors is expected to approve an emergency proclamation at its meeting Thursday. As of Wednesday, inspectors had red-tagged 116 buildings in Napa as uninhabitable, with 513 more yellow-tagged and in need of repairs. She reported on Black Lives Matter demonstrations, the Occupy movement, the Napa earthquake, the Rim Fire and the World Series riots as well as on homicides, criminal street gangs, sexual assaults, domestic violence cases and police personnel matters. ... "I request that you declare a major disaster for the State of California as a result of the South Napa Earthquake … The U.S. Small Business Administration also comes along to review destruction to local businesses. Brown cites extensive 'economic impacts' By Melody Gutierrez. UCSF scientists weigh in. Jerry Brown - could go a long way in helping homeowners and businesses, as well as the government agencies responsible for repairing roads, schools and municipal buildings. And reduced tax revenues and possible relief aid from the state could severely impact an already-stretched state budget. San Francisco Mayor Ed Lee got a tour of some of the downtown damage in Napa, Calif. due to the earthquake on Sunday. There are roughly 800 wineries in the Napa Valley selling approximately 50 million cases of wine representing almost $6 billion in sales. Government agencies, usually on the hook for much larger repair projects, would generally get 75 percent of their costs reimbursed by the government. 5/6/2019 - In 2018, the Napa Valley welcomed 3.85 million visitors, who spent $2.23 billion and provided $85.1 million in tax relief to residents. Following.. Repairs will continue around the clock. "It's a picture of damage that runs the gamut from very visible historic buildings to the smallest, most humble dwelling," said Barry Martin, a Napa spokesman. Vivian Ho has worked for the San Francisco Chronicle since 2011, covering crime and breaking news as a Go Team reporter with a desk in the Hall of Justice. I never understood it, but when it happens to you. 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