Expert advice on how CA condo associations can purchase earthquake insurance at the lowest price possible to save money for their cash strapped Hoas.
Admitted vs Non Admitted Earthquake carriers. Examination of CIGA, surplus lines & admitted paper – What does mean for you the consumer?
For many earthquake insurance consumers in California, having to make a choice between a “non-admitted” and an “admitted” insurance company can be quite confusing. This is due to the fact that most agents are salesman first; doing next to nothing to help you sort out fact from fiction so that you can pick the right policy.
The amount of coverage your HOA needs is outlined in the CC&Rs stating if Full coverage of Unit Interiors, Original Building Standard or Bare Walls coverage is required
CA Insurance Commissioner Poizner Urges All Californians to Evaluate Need for Earthquake Insurance News: 2010 Press Release For Release: April 5, 2010 Nearly 90 percent of homeowners and renters do not have earthquake insurance After the magnitude 7.2 earthquake in Mexico’s Baja California Peninsula destroyed homes and buildings yesterday, millions of Californians are wondering if […]
The amount of earthquake peril risk an association or unit owner is exposed to is based upon several factors including: insurance carrier, coverage exclusions, liability limits, deductible clause, endorsements etc.
As anyone that specializes in associations can tell you, condominium and homeowners’ associations have many unique issues. The same is true for the insurance they require. These associations are not like any other commercial entity in many ways. It takes an expert in this type of insurance to properly evaluate what is needed and what […]