That original earthquake, together with all related shaking that occurs within 15 days, are collectively referred to as the "seismic event" in the CEA policy. If you do choose to purchase a new CEA earthquake insurance policy shortly after the occurrence of an earthquake in your area, and if there are aftershocks or other quakes that are related to that same earthquake, then you should be aware that your new CEA policy will not cover losses from these aftershocks or other related ground-shaking that occurs within 15 days (360 hours) after that earthquake, though would cover damage from completely unrelated earthquakes that may occur immediately after you purchase your policy. CEA has never imposed a moratorium on selling new earthquake insurance policies following any earthquake, even in the areas directly affected by the earthquake.* All terms and conditions of CEA insurance coverage are found in the CEA insurance-policy form. *We encourage you to read your entire CEA policy-and its policy declarations page-to understand your coverages and how they work. You can add the coverage today-no need to wait until your homeowners policy comes up for renewal.ĬEA works with 25 residential insurance companies that serve the majority of California homeowners. Only Californians whose home is insured by those companies are eligible to purchase a CEA earthquake policy. Contact your home insurance agent to discuss adding a separate earthquake policy to your homeowners insurance. Where to Buy Earthquake InsuranceĬEA homeowners earthquake insurance is easy to buy. Grants to help pay for a house retrofit are available under the Earthquake Brace + Bolt (EBB) and Earthquake Soft-Story (ESS) programs. CEA offers earthquake home insurance premium discounts (up to 25%) for older houses that have been properly retrofitted to better withstand earthquakes.įind out about our discounts for retrofitted older houses. Check to see if you qualify for a discount of up to 25% on your CEA earthquake insurance premium.Ī seismic retrofit involves strengthening your home’s foundation to make it more resistant to shaking. ![]() Get more details about our homeowners policy coverages and deductibles.CEA premiums are determined by several factors including your home’s age, earthquake-risk location data such as proximity to a fault and soil type, foundation type, construction type, and roof type.įor the best choice of CEA earthquake home insurance policies, select deductibles from 5%-25%. For new policies written on or after Augand renewals on or after November 1, 2023, homes with a Coverage A dwelling limit greater than $1,000,000, or dwellings built before 1980 on a raised or other type foundation that do not have a verified retrofit, are only eligible for a 15%, 20% or 25% deductible. Our affordable earthquake insurance policies let you select the coverage that best fits your budget. If you choose not to protect yourself with earthquake insurance, you will be responsible for all the related expenses, such as 100 percent of the cost to repair your home, replace your belongings, and live elsewhere after a major earthquake. One thing is certain: California with nearly 16,000 known faults could suffer a devastating earthquake in the near future.Įarthquake insurance is not required in California, unlike home fire insurance for those with home mortgages or automobile liability insurance for drivers. ![]() There aren’t any warning signs or advanced notice. ![]() Guard against financially devastating shaking events with CEA earthquake home insurance.Įarthquakes are unlike any other natural disaster. Do I Need Residential Earthquake Insurance?įor many California homeowners, their ownership interest in their home is their largest financial asset.
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