How to earthquake-proof your finances

The back-to-back major earthquakes that shook Southern California were a reminder that the “Big One” could strike at any moment, but many households remain woefully unprepared for the potential financial fallout from such a disaster.

On Independence Day, a 6.4-magnitude hit the region, only to be followed by a 7.1 magnitude earthquake the next day, the strongest temblor in the area in decades.

While none of the quakes resulted in any major injuries or fatalities, the incident did displace many residents in the towns located near the epicenter of the first two major temblors. The magnitude of the two big quakes has also stoked concerns about the next “Big One,” an earthquake of roughly magnitude 8.0 or greater.

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