What is Fungi on a CEA policy? Why does Fungi matter for Earthquake Policies? Fungi on the CEA Policy Form: The word Fungi is listed approximatly 12 times on the the BEQ-3B (01-2019 edition) California Earthquake Authority Basic Earthquake Policy for Homeowners. Fungus can also be found once. What is most interesting about Fungi as…Read More
Everyone knows that earthquake insurance is needed if you own a house. Although few purchase it. But can you get earthquake insurance is you rent a property? Thoughts on Earthquake Insurance for Renters How to procure Quake Insurance as a non property owner Is there a Value in getting Earthquake Insurance as a Renter? First…Read More
Was the damage done to your house from the initial Earthquake or the Aftershock? The reason that this determination can be so important with an Earthquake policy. How to protect your property form the Chasm created by Earthquake Policies. The Secret of Aftershocks on Earthquake Policies Explained: All insurance policies have a start date. Property…Read More
What is the Modified Mercalli Intensity Scale? How is the Mercalli Scale Used The Mercalli and its Insurance Value: an Observable Data Measurement Tool. The Modified Mercalli Intensity Scale: Modified Mercalli – All about Observable data. The Mercali scale is an “arbitrary ranking based on observed effects” and is used for measuring shaking. It does…Read More
The California Earthquake Authority has numerous exclusions on their property insurance policy form… One of those many exclusions is a “Nuclear Hazard”s exclusion. Is your property covered by a nuclear issue on your CEA policy What is Nuclear? Cambridge defines “Nuclear” in one of two ways: “being or using the power when the nucleus of…Read More
In the world of insurance, definitions mean a lot. Earthquake insurance definitions are no different. In many cases some of these definitions may be the same as the science definition, but in other cases it may not be. With all forms of insurance it is useful to read your own policy to check if your…Read More
General Definitions of Magnitude, Science Definitions of Magnitude What is Magnitude in Relationship to Earthquakes How are Magnitudes Measured? Different Methods of Measurement. Magnitude and the Importance to the Earthquake Insurance Industry: Magnitude has many different definitions. However as it relates to the insurance industry it is simply a measurement of an earthquake. The use…Read More
Is there a War Exclusion on a California CEA Earthquake Policy? Would a War created Earthquake be Covered by the California Earthquake Authority? How Could War Create an Earthquake? A CEA War Exclusion: What it means The War Exclusion on the CEA Policy In other posts about Earthquake Insurance exclusions we have stated that War…Read More
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
Many Insurance Policies contain Bold Typeface. The Bold Type on a CEA policy simply refers to terms that are later defined in the policy. Only some terms on a CEA policy are specifically defined within the policy. Just because a term is NOT defined does not mean that a definition does not exist. Bold Type,…Read More