Can You Even Get Earthquake insurance in California in 2024? Earthquake Issuance during Crazy Insurance Times Who is writing Quake Insurance right now? The Background of the Crazy California Insurance Situation: The insurance market in California in 2024 is in a very crazy state. Numerous property insurers, including State Farm are not accepting new home…Read More
What is Cat Risk? Catastrophic Risk and Catastrophe Insurance, briefly explained Who Insures Cat Risks? It is said that Catastrophe Insurance is insurance for certain “low probability high cost events.” Events that are typcally excluded from typical homeowners insurance. The Catastrphofic risks, CAT for short include: Flood, Earthquake, Hurricane, riot, and even terrorist events. A…Read More
How to Purchase an Earthquake Insurance with Farmers Insurance in California. The CEA and Farmers Insurance Parternership Program. Alternative Quake Policies for Farmers Homeowners, About the Farmers CEA Earthquake Policy: Farmers Insurance provides earthquake insurance through the California Earthquake Authority. These quake policies are provided through the CEA Parternship Program. Farmers provides the marketing, sales,…Read More
Does USAA offer earthquake insurance in California? The CEA USAA earthquake insurance partnership. Highlights of USAAs earthquake offering. Earthquake Insurance, From USAA: Insurer USAA offers earthquake insurance through the CEA. USAA is one of the Participating Partners of the CEA. Patnership with the CEA means that USAA is able to offer earthquake policies alongside homeowners…Read More
A great article found on DNYUZ highlights this risk of Tsunami to Washington State Tsunamis are not covered by Earthquake Insurance, but are they covered by Flood Insurance? The Media Story about Ocean Shores Washington State: An exellent article found in DNYUZ.com titled “The Tsunami Could Kill Thousands. Can They Build an Escape? was published…Read More
Two distinct California quasi governement insurers are now working in tandem. Program is intended for FAIR plan policies. CEA and FAIR: According to an email bulletin “The California Earthquake Authority (CEA) quote submission process has just been made easier. It is now automated through the California FAIR Plan broker portal and can be done online.” It is…Read More
In the great state of California – A fire started by an Earthquake is covered by a personal homeowners insurance policy. You do NOT need to have earthquake insurance to be covered from the peril of fire caused by an Earthquake. However you DO need Earthquake Insurance to be protected from other damage (such as…Read More
Typical HO3 and HO5 Homeowners Insurance policies do not provide coverage for any earth movement. Insurance policies are all different, but a common ISO HO3 policy (HO 00 03 10 00) excludes coverage for “Earth Movement.” In addition most homeowners insurance policies now a days do not cover a homeowner from the peril earth movement,…Read More