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Earthquake risk

Last updated: July 25 2012
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  • Earthquake risk

    I am wondering what is the builder's liability in case, God forbid, a catastrophic earthquake strikes, causing significant damage to the under-construction buildings. With these 30+ floor apartment buildings, a strong earthquake could almost destroy the whole building structure. Do the typical builder contracts take any liability via some insurance or the buyer's hard earned money is gone forever??

    Thanks
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