WHAT TO EXPECT IN
THE NEXT 30 YEARS
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Will there be any additional charges should we experience a loss due to earthquake?
None of our carriers are an assessment policy and will not charge additional fees. However, the California Earthquake Authority (CEA) can charge an additional 20% of the annual premium to their policy holders after a major earthquake.
How financially stable are the insurance companies you represent?
All our carriers are admitted and backed by the California Insurance Guarantee Association (CIGA) up to $500,000 for every policy they write! The CEA is not an admitted carrier in the State of California and therefore is not backed by CIGA. Meaning, they will not have to pay their claims as promised if they become insolvent.
Will my swimming pool be covered under an earthquake policy?
The Carriers we partner with offer the following for Pool Coverage: Aegis and Universal offer up to $25,000, Palomar offers up to $50,000, ICat offers up to $100,000 (depending on policy type), and QBE includes Pool Coverage in their Other Structures Limit with no Sub-Limit! The CEA does not offer any coverage for swimming pools, spas, or hot tubs.
What is the lowest deductible offered?
How much financial damage can an earthquake cause?
What is Earthquake Retrofitting?
According to EarthquakeSafety.com: “The primary purpose of earthquake retrofitting is to keep your home from being displaced from its concrete foundation — making the building safer and less prone to major structural damage during an earthquake.” To learn more about Earthquake Retrofitting and making sure your home is secure, please click here.