A sublimit is a classic insurance definition that few consumers understand. Sublimits “limit” coverage on certain items of property. The Definition of a Sublimit found on a CEA policy: According to the Homeowners Choice CEA policy [version BEQ-3C (01-2019 edition] page 7 a Sublimit “means a dollar limit on a coverage for a specific type…Read More
What year was the CEA Created and Founded? When did the California Earthquake Authority sell its first policy? How Old is the CEA? When was the CEA Created? The CEA was created in 1996 by the state of the California Legislature. “There is hereby created the California Earthquake Authority, which shall be administered and governed…Read More
For consumers Earthquake Insurance can protect you and your family from the devastating financial costs of rebuilding a structure, often an owner occupied home. These costs are significant. Understanding the different protections available can significantly help protect you and your loved ones. It is important to understand that Land Movement, including earthquake is NOT covered…Read More
Earthquake Insurance, such as with all insurance is subject to exclusions. Not all California policies are the exact same, but they tend to fall along some common lines. Earthquake Insurance is subject to all sorts of exclusions including, but not limited to the following: War, Nuclear. and Pollution Fire and Explosion Ordinance and Law /…Read More
In the United States Earthquake Insurance is a form of Property Insurance that covers the policyowner from damage caused by earthquakes, including shaking, subject to the limits, deductibles, and exclusions found in the policy. It is important to note that all policies are different and numerous exclusions will apply. Differences may exist between Personal and…Read More