Welcome to West Coast Global Insurance Services Earthquake Insurance division. We provide multiple “A” Rated Insurance carriers and each carrier has multiple deductible options to select from. We have streamlined the file building by creating our own online California Earthquake insurance questionnaire. This will help us build your file and get one step closer to presenting quote summary options for your property in California.
FACTS HOMEOWNERS IN CALIFORNIA NEED TO KNOW ABOUT EARTHQUAKES
- Californian’s live in one of the most seismically active regions in the nation, and natural disasters are on the rise.
- Sue Miller, Regional Sales Executive with GeoVera Holdings, Inc.
- Two-thirds (2/3) of all the earthquake damage in the United States happens in California, yet 87% of California homeowners DO NOT have earthquake insurance. *
- There are 500 known faults in California.
- More than 70% of Californians live within 30 miles of a fault line.
- 4 An earthquake happens in California every three minutes.
- While most of these are too small to be felt, it is only a matter of time that one will result in catastrophic damage.
- If your home has a greater than 25% chance of a flood over a 30-year timeframe, flood insurance is mandatory.
- Earthquake insurance, despite the 60% to 72% probability of a large earthquake in California, remains optional.
The good news: with the high earthquake risk in California, there are several options for excellent earthquake insurance. Earthquake insurance now offers flexibility in coverage and deductibles, so you can customize a policy that is just right for your home. It is time to get prepared with the right earthquake insurance for your home and situation! In a disaster, the burden will fall on all homeowners whether they are insured or not, so be prepared and get the coverage you need now.
Palomar Specialty Insurance Company |A. M. Best Company rating: A- | Admitted
• Coverage limits up to $15 million home value
• Optional Coverages for pools, patios, fences, etc., contents, and additional living expenses
• Deductibles as low as 2.5%
GeoVera Insurance Company | A. M. Best Company rating: A | Admitted
• Two policy options: One combined Single Limit OR Flexible Limits by choosing the coverage you need!
• Varying deductible options and premium retrofit credits available!
• Comprehensive or Standard coverage with flexible payment plans
Catalytic Risk Managers | A. M. Best Company rating: A- | Admitted
• Coverage limits up to $5 million home value
• Flexible coverage and deductible options
• Dwellings built prior to 1973 must have signs of retrofitting, premium credits may be available with proof!
FAQ's
What is the lowest deductible offered?
Some of our carriers offer deductibles as low as 2.5%! Whereas, the CEA’s lowest deductible offered is 5%.
Is there any additional charges should we expect due to an earthquake?
None of our carriers are an assessment policy and will not charge additional fees. However, the California Earthquake Authority (CEA) can charge an additional 20% of the annual premium to their policy holders after a major earthquake.
Is my swimming pool covered?
The Carriers we partner with offer the following for Pool Coverage: Aegis offers up to $25,000, Palomar, GeoVera, and Catalytic Risk Managers offer up to $50,000, and QBE includes Pool Coverage in their Other Structures Limit with no Sub-Limit! The CEA does not offer any coverage for swimming pools, spas, or hot tubs.
