Earthquake Retrofit Strengthening - Good Insurance?
Our house was built in 1984 and has virtually no positive connection between the 1st floor and the foundation. None, zip, nadda. The floor joists just rest on the imbedded mudsil (there aren't any cripple walls).
Since we are spending more than $100K on remodeling the downstairs I'm thinking it may not be a bad idea to spend another $5-7,000 to have the home retrofitted for Earthquake protection... essentially, help prevent the house from sliding off the foundation during an Earthquake.
If anyone has done this I would like to know how you arrived at the decision to go forward. I don't really want to spend the money to protect against something that will most likely never happen. On the other hand I would certainly kick myself if the house was severely damaged and this retrofit work could have prevented it.
We are hoping to stay in this Seattle area home for another 20 years or more, so I'm looking at it as a long-term insurance policy. Good idea?