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Document ASTM E 2557 is offered by IHS as part of an online subscription. This subscription contains many documents on the same topic.
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ASTM E 2557 Document Information:
Title
Standard Practice for Probable Maximum Loss (PML) Evaluations for Earthquake Due-Diligence Assessments
ASTM International
Publication Date:
May 1, 2007
Scope:
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 transactions. 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.
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.
Earthquake-caused fires and toxic materials releases are not
hazards considered in this practice.
This practice does not purport to provide for the preservation
of life safety, or prevention of building damage associated with
its use, or both.
This practice does not address requirements of any federal,
state, or local laws and regulations of building construction or
maintenance. Users are cautioned that current federal, state, and
local laws and regulations may differ from those in effect at the
times of construction or modification of the building(s), or
both.
This practice does not address the contractual and legal
obligations between prior and subsequent Users of PML reports or
between providers who prepared the report and those who would like
to use such prior reports.
This practice does not address the contractual and legal
obligations between a provider and a user, and other parties, if
any.
It is the responsibility of the owner of the building(s) to
establish appropriate life-safety and damage prevention practices
and determine the applicability of current regulatory limitations
prior to use.
Considerations not included in the scope: the impacts of damage
to building contents, loss of income(s), rents, or other economic
benefits of use of the property, or from legal judgments, fire
sprinkler water-induced damage or fire.
The values stated in inch-pound units are to be regarded as
standard. The values given in parentheses are mathematical
conversions to SI units that are provided for information only and
are not considered standard.
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