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We Provide Earthquake Insurance for Californians

Coverages & Deductibles

We help your customers protect what's on the inside

Condo unit owners want reassurance that they will have the money to repair, replace and recover after an earthquake. California Earthquake Authority (CEA) has more coverage options and deductible choices to help condo unit owners protect what matters most.

Coverages
Condo Policy
Building Property
(condo interior)
Optional
Building Property covers the inside of your customer's condo unit, like interior walls, fixtures and windows.
Coverage Limit
Up to $100,000
Building Property is available in $25,000, $50,000, $75,000 and $100,000 limits.
Deductible
5% - 25%

Deductible options for Building Property are 5, 10, 15, 20 or 25 percent of the Building Property limit.

Example: If your customer's condo is insured for $100,000 (Building Property coverage), and has a 5 percent deductible ($5,000), and it suffers $75,000 in earthquake damage, your customer's claim payment would be $70,000 (the difference between the covered damage and the deductible).

Your customer does not have to pay any of the deductible out of pocket to receive a claim payment; it is simply subtracted from the total claim.

Personal Property
(belongings)
Optional

Personal Property covers damage to belongings, like TVs and furniture.

Personal Property is offered together with Loss of Use.

Coverage Limit
Up to $200,000
Your customer can cover their personal property for $5,000, $25,000, $50,000, $75,000, $100,000, $150,000 or $200,000.
Deductible
5% - 25%

Your customer can choose a 5, 10, 15, 20 or 25 percent deductibles.

Example: If your customer has $50,000 in Personal Property coverage with a 5 percent ($2,500) deductible, and an earthquake causes $52,500 in damage to their belongings, your customer will receive a payment for $50,000 (the difference between the covered damage and the deductible).

Your customer does not have to pay any of the deductible out of pocket to receive a claim payment; it is simply subtracted from the total claim. You can choose 5, 10, 15, 20 or 25 percent deductibles.

Loss of Use
(additional living expenses if your customer has to live elsewhere after an earthquake)
Optional

If your policyholder needs to live elsewhere after an earthquake (because of earthquake damage, or a civil authority prevents access to their home), Loss of Use can cover additional expenses that might be greater than what they would normally spend on housing.

Loss of Use is offered together with Personal Property.

Coverage Limit
Up to $100,000
Loss of Use is available in $1,500, $10,000, $15,000, $25,000, $50,000, $75,000 and $100,000 limits.
Deductible
None
There is never a deductible for Loss of Use.
Loss Assessment
(condo association charges collected from unit owners for shared costs of repair, or association policy deductibles)
Optional

Up to the chosen coverage limit, Loss Assessment coverage helps pay your customer's share of certain assessments levied by their HOA on its members for earthquake-damage repairs or to pay a master-policy deductible. This coverage can help with charges for repairs to the exterior of the condo development or certain common areas, as well as building code upgrades.

Coverage Limit
Up to $100,000
Loss Assessment is available in limits of $25,000, $50,000, $75,000 and $100,000.
Deductible
5% - 25%

Your customer can buy Loss Assessment coverage with a 5, 10, 15, 20 or 25 percent deductible.

Example: If your customer has $75,000 in Loss Assessment coverage with a 10 percent ($7,500) deductible, and their HOA assesses them $67,500 for their share of the covered damage for common areas damaged by an earthquake, your customer would receive a claim payment of $60,000 (the difference between covered damage and the deductible).

Your customer does not have to pay any of the deductible out of pocket to receive a claim payment; it is simply subtracted from the total claim.

Emergency Repairs
Included
Emergency Repairs pays for reasonable and necessary costs to protect the insured property from further damage, like fixing broken windows or glass removal. Your customer must purchase Building Property or Personal Property coverage to have (the included) Emergency Repairs coverage.
Coverage Limit
$1,500 for repairs to condo unit, $1,000 for personal property
Emergency repairs coverage is included, with a $1,500 limit, with CEA Building Property coverage. Emergency Repairs is also offered under Personal Property coverage as the lesser of $1,000 or 5 percent of the Personal Property coverage limit. The coverage deductible applies for each coverage.
Deductible
Emergency Repairs are paid after the Building Property and Personal Property deductibles are met

Emergency Repairs begin after your customer's Building Property and Personal Property (belongings) deductibles are met.

Example: If an earthquake breaks the windows in your customer's condo unit and the total covered damage exceeds their Building Property deductible, Emergency Repairs will pay up $1,500 to board up the windows so that the insured home does not sustain additional damage

Building Code Upgrade
(costs to bring your customer's condo unit up to current building codes while making covered repairs)
Included
If your customer's condo unit suffered earthquake damage, optional Building Code Upgrade coverage will help them meet current building code standards when making covered repairs. Coverage is included as a sublimit of CEA's Loss Assessment coverage.
Coverage Limit
$10,000

Loss Assessment coverage already includes a $10,000 coverage limit for building-code-related upgrades assessed by an HOA. Building Code Upgrade covers up to an additional $10,000 to help bring your customer's condo unit up to current building code standards as repairs are made.

Deductible
Building Code upgrade is paid after your Building Property deductible is met

Once the covered damage exceeds your customer's Dwelling or Loss Assessment deductible, they could be eligible for payment for Building Code Upgrades, up to the coverage limit, to help bring their home up to current building code standards as repairs are made.

Breakables
Optional
Breakables is an optional coverage that covers breakable belongings like dishes and ceramics.

Does your customer already have a policy with a start date in 2015? Learn more about their policy.