Recent major seismic events, including the 2011 New Zealand Earthquake and the 2010 Chile Earthquake, have demonstrated similar trends to previous earthquakes; that current state-of-the-art seismic design codes ensure, for the most part, that loss of life is avoided. It is accepted in the engineering community that significant damage can be expected for major earthquakes. However, building officials and owners are not aware that many structures will not be serviceable after a major earthquake, resulting in significant economic consequences.