EARTHQUAKE INSURANCE:

Earthquake insurance covers the expenses associated with earthquake damage. To get earthquake insurance in California, you must already have standard homeowners insurance.

If you have homeowners insurance and live in California, your carrier is required by law to offer to sell you earthquake insurance every two years. But the offer may be easy to miss: insurance companies must send it in the mail. To get coverage, you have to respond within 30 days of receiving the offer. If you make no reply, that’s the same as declining coverage.

Some insurers may offer very limited coverage from the California Earthquake Authority (CEA), a nonprofit organization designed to help Californians get earthquake coverage. Homeowners can’t buy insurance directly from the CEA; instead, they buy through their homeowners insurance provider, assuming that that provider is a member of the CEA.

In our case, we have partner with an A.M. Best "A" rated Earthquake Insurance Carrier to offer more comprehensive earthquake coverage. 

What does Earthquake Insurance Cover:

Dwelling Coverage:

  • Also known as "Coverage A"

  • Covers the repairs to, and reconstruction of, your home itself, up to the limit established by your Policy.

  • Coverage Limit: Up to Policy Limits.

  • Deductibles: 10% to 25%

Other Structures:

  • Also known as "Coverage B"

  • Covers the repairs to detached structures, like garages, satellite dishes, greenhouses, etc.

  • Coverage Limit: Up to Policy Limits (the Standard Policy excludes this coverage).

  • Deductibles: 10% to 25%

Personal Property Coverage:

  • Also known as "Coverage C"

  • Covers the repairs to, and replacement of, personal property damaged by the Earthquake, up to your Policy Limit. 

  • Coverage Limit: Up to Policy Limits, though some items like art and silverware, have a separate max limit of $3,000 USD.

  • Deductibles: 10% to 25%

Additional Living Expenses:

  • Also known as "Coverage D"

  • Covers the temporary costs associated with living in an apartment, hotel, or home while your primary home is being repaired. 

  • Coverage Limit: Up to 12-months if you have a comprehensive plan; $1,500 USD maximum for the Standard Policy. 

  • Deductibles: None

Engineering & Demolition Costs:

  • Covers the extra costs of demolition and removing damaged materials.

  • Coverage Limit: Up to 5% of your Policy Limit.

  • Deductibles: 10% to 25%

Building Code Upgrade:

  • Covers the extra costs of brining your home up to current building codes.

  • Coverage Limit: $10,000 USD.

  • Deductibles: 10% to 25%

Loss Assessment:

  • Covers fees for shared repairs if you belong to a homeowners association. 

  • Coverage Limit: 20% of the Policy Limit.

  • Deductibles: 10% to 25%

Debris Removal:

  • Covers the cost of removing debris.

  • Coverage Limit: Up to Policy Limit (may be subject to 5% sublimit).

  • Deductibles: 10% to 25%

Why all of our Insurance Applications are reviewed by our Firm prior to issuing a CUSTOM INUSURANCE QUOTE to you! 

  • Misunderstanding: The first reason buying insurance online can be dangerous is because the "online quotes" and the "policies" can be misunderstood and there are few chances to have those misunderstandings explained to you be an industry expert prior to purchasing the insurance policy. 

  • Custom Quotes and Policies are more difficult to set up: Every individual, family, and business is different, and the insurance needs are always different. An online quote and policy purchase is not necessarily able to create a custom policy around those needs of your family or business. This means you will most likely get a general policy that is good for the average person, but not necessarily what is best for you. Odds are, with a Custom Quote, you can "get more for less."

  • Not assigned an individual agent to handle coverage: After buying insurance online you may feel covered and protected. Having one client assigned to you for every potential claim you have to file is a big advantage that you may be missing out on when buying insurance online. An individual who knows your entire history from purchase to claim will be able to fight for you better than someone who was randomly assigned for that one claim after buying online.

  • Adjusting your policy: As business and families grow and change, your insurance policy should change with it to make sure everything, and more importantly, everyone is covered. If buying insurance online, you will rarely speak to the same agent twice and will lose that initial time savings by needing to explain the changing circumstances around your family or business' insurance needs.  

  • Lack location specific assistance: Online quotes and purchasing sites give you the ability to see a standard policy for your area. However, what it doesn't take into account is the individual needs for your exact location and your family and business needs based on that information. 

STEVE MUEHLER:

1055 West 7th Street

Los Angeles, California 90017

Phone: (310) 779-7226

Email: Steve@SteveMuehler.com

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