Earthquake
insurance is NOT provided in the typical
homeowners policy. If the only insurance
you have for your home is homeowners insurance,
you may be unprepared for the consequences
of an earthquake
On
average there are more than 800,000 earthquakes
[in the United States]...A severe earthquake,
with a magnitude of greater than 8.0, can
be expected every eight to ten years. California
Department of Insurance
A
magnitude 8.0 earthquake would release over
thirty times more energy than the 1994 Northridge
earthquake that killed 57 people and caused
$20 billion in damage. Despite these numbers, 75% of
California homes still do not have earthquake
insurance.*
Does
yours?
Overview: We proudly offer stand-alone residential
earthquake insurance from Royal Sun Alliance
Insurance Company. Get a quote in 2 minutes
and be bound in 24 hours. We also offer both
stand-alone and homeowners package policies
from the CEA and carriers such as Pacific
Select and GeoVera.
Who
is Royal Sun Alliance Insurance Company? Royal
and SunAlliance Personal Insurance, a member
company of AXIS U.S. Insurance which is
rated “A” (Excellent) by A.M
Best and “A” by Standard and
Poor’s. As of December 31, 2002 AXIS
had $1.1 billion of gross premiums written,
nearly $3.0 billion in assets and $1.9
billion in policyholder surplus.
Rates: Premiums are determined differently by each
carrier and can vary widely depending on
several rating factors. Generally, older
homes cost more to insure than newer homes
and retrofitting is important for homes built
prior to 1960. Remember, however, that the
premium should not be the only consideration
when purchasing a policy. Often, you can
find policies with low premiums but at the
expense of adequate coverage. The worst possible
scenario would be to find out that the earthquake
damage you suffered is not covered by your
policy.
