Coverage is determined using Peak Ground Acceleration (PGA), which is reported by the USGS. Once the PGA is met or exceeded, the limit is available. Insured prepares a proof of loss statement of economic loss, and it’s submitted to the company. Claims processor verfies the loss payment available and payment is made.
Carrier
A.M. Best Rated Paper
Coverages
Direct and Indirect financial loss
Property Damage
Deductibles for traditionally EQ insured exposure
Loss of revenue or profits with or without property damage
Extra and Extraordinary Expenses
Loss of value or Loss of market
Equity Protection
Earthquake sprinkler Leakage
Fire following
Hardscapes and Landscapes
Loss of tax base or revenues (public entity) Engineering and Safety Certification Costs
Territory
California Only
Submission Requirements
Acords, Excel statement of values, loss info & insured’s budget for this incredible coverage.
