EARTHQUAKE INFO
NOT ALL EARTHQUAKE POLICIES ARE CREATED EQUAL Did you know……The CA Earthquake Authority is not an insurance company and is not admitted. Its clients, therefore, do not have the Department of Insurance Guarantee. CEA Issues an assessment policy which allows them to assess policyholders for more than one annual premium per year if needed up to an additional 20% of the annual premium.* I have new carriers for your EQ risk that resemble your homeowners policies. All the companies we use are admitted. As a result they are eligible for the No Fail DOI Program. If the company fails, the EQ guarantee program will offer a maximum of $500,000 to replace the covered dwelling for damage caused by earthquake. Make sure you understand what you are buying---there is no apples to apples comparison in insurance. One company may be the organically grown apple from a small orchard in Julian and the other could be a genetically modified apple with lots of pesticides from a commercial grower......we are here to help you understand the different nuances in insurance policies in general. Call us, we are happy to help! (310) 775-9805 office (310) 569-3345 cell Please call our office and request a form.