4/19/2010

Many of California's small-business owners forgo earthquake insurance because of its high cost. A typical policy could carry a premium of $5,000 for $2.5 million in property coverage, according to brokers, and most policies have high deductibles. "If you have to pick and choose, some of those additional policies don't hit the top of the priorities," said Clark Payan, CEO of an insurance trade group.

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