With tile roofs, stucco siding, no storms, freezing, or “real” earthquakes, I average about $250-$300/mo in repairs and cap-ex combined.

Yes, Im exposed but is very minimal - an earthquake will wipe me out though.

So it really depends on how you take care of your properties. but I look at losing everything you have the same way I look at your going to get killed in an commercial aircraft accident. or you fall in a gaping hole in the middle of a huge earth quake or you get killed by lightning.. can it happen yes.. will it happen 99% it won't.If you take care of your properties and were talking about landlord tenant disputes.. then I think the risk is next to nothing ... tenants by and large have no money to sue.. the only time you would be at risk is if your a very poor slumlord. 

This is in SF Bay Area (may have some soil movement due to earthquakes). pH of our local water service is around 8.3-9.4.Trying to decide if we should repair the water line or replace it:A) repair- likely male adaptor cracked where copper joins PVC or maybe it's a 90 turn near by (per plumber) [no warrantee it won't leak elsewhere later]i) cost: under $1K, find cracked joint, repair it.A good idea: Possibly extend the copper at main under the concrete, so the concrete to PVC joint is in dirt.

I have some food that has a long shelf life (I am in earthquake country so that is a must anyway).

Are you safe from the outcome of the earthquake?

At least we have no wildfires, hurricanes, earthquakes, etc..... 

The last thing she used him for was a "earthquake resistant" install of a large mirror. 

It sounds crazy, but the earthquake risk here is something that can influence the price of coverage.

On the other hand, there is some real estate risk being assumed by the owner:  building deterioration, earthquake retrofit, key tenant bankruptcy or relocating, etc.