In one sentence
Specialized coverage for seismic risk, required by lenders in exposed markets, often informed by a seismic study.
The longer version
In seismically active areas, lenders may require earthquake coverage or a seismic risk study quantifying probable maximum loss. The requirement depends on the market and the building.
Where required, the seismic study and the coverage become specific diligence and closing items tied to the property's location.
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