The Insurance Family Blog

California Earthquake Loss Assessment – Is My Condominium Covered?

Posted by Susie Scherff on September 13, 2011 at 11:42 AM

Do you know what your condominium insurance covers in case of an earthquake?  There are some vague areas of understanding, so we thought we would take a moment to explain what you need to know in case of such a scenario.

Read More

Topics: Business Insurance, Condominium Insurance, Earthquake Insurance

An Insurance Break For California Earthquake Sufferers

Posted by Susie Scherff on August 16, 2011 at 11:06 AM

There have been some encouraging developments recently concerning the proliferation of earthquake insurance.   The California Earthquake Authority stated that they have taken a step toward diversifying their risk, therefore decreasing any concentrated liability on their part.   What this means for the average consumer is that there will be a greater availability of affordable policies.  In fact, the CEA said that it will reduce rates by 12% beginning January 1, 2012.  This is great news in our current economy, where too many families struggle with day-to-day financial uncertainties. 

Read More

Topics: Building Insurance, Earthquake Insurance

4 Important Facts About Earthquake Insurance

Posted by Susie Scherff on October 13, 2010 at 10:09 AM

Most of us purchase a homeowners insurance policy to protect our home in the event of a fire, wind, theft or liability claim. We would be devastated if we lost our home in a fire, especially if we did not have insurance to cover it. But what about earthquakes? In an article in the Los Angeles Times titled “Earthquake experts see the ‘Big One’ getting bigger” they write that a “recent report suggests the southern San Andreas [fault] could rupture from Monterey County to the Salton Sea” and could “end up being bigger than earthquake experts previously thought”. A basic homeowners policy does not cover earthquake damage but coverage can be purchased as an endorsement or a separate policy. Clients often ask us…..Do I need it? Is it affordable? Is it worth purchasing? What does it cover? I hope to answer some of these questions for you.

Read More

Topics: Home Insurance, Earthquake Insurance