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ASTM E2557-16a + Redline

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ASTM E2557-16a + Redline

Standard Practice for Probable Maximum Loss (PML) Evaluations for Earthquake Due-Diligence Assessments

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1.1 This practice establishes standard-of-care for evaluation and classification of the financial risks from earthquake damage to real estate improvements for use in financial mortgage transactions and capital investment evaluation. As such, this practice permits a user to satisfy, in part, their real estate transaction due-diligence requirements with respect to assessing and characterizing a property’s potential losses from earthquakes. This practice is intended to address only physical damage to the property from site and building response.

1.1.1 Hazards addressed in this practice include earthquake ground shaking, earthquake-caused site instability, including faulting, subsidence, settlement landslides and soil liquefaction, earthquake-caused tsunamis and seiches, and earthquake-caused flooding from dam or dike failures.

Author ASTM
Editor ASTM
Document type Standard
Format File
ICS 03.060 : Finances. Banking. Monetary systems. Insurance
Number of pages 14
Replace ASTM E2557-16 + Redline
Set ASTMVOL0412
Year 2016
Document history ASTM E2557-16 + Redline
Country USA
Keyword ASTM 2557;ASTM E2557;ASTM E2557;10.1520/E2557-16A