By Elliot Katzovitz Earthquake Insurance Expert
When insureds meet with me a frequently asked question is:
What exactly is covered by earthquake insurance?
Insurance coverage is dictated by what event causes the actual damage to your building.
For example:
An earthquake hits and it is the earthquake itself which snaps the building supports then that would be an earthquake loss and would be covered by earthquake insurance.
Now, let’s suppose that the same earthquake cracks the gas line to the building and does no other damage. And then it just so happens that 15 minutes later a smoker walks down the street and ignites the gas causing an explosion which ultimately destroys the building. In this case it would be a fire loss and not an earthquake loss so the damage would be covered under your fire insurance policy.
When a loss happens it all comes down to what causes the damage and that determination could mean a huge difference in the amount you will end up paying for your deductible. It’s no surprise that the insurance company adjuster will make this call in a way that is most advantageous to the insurer.
Having a broker that has your interests at heart and who will refer you with the right professionals to help you with your claim could save you thousands of dollars should a loss like this occur.
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“We talked to several agents and all of them said there was nothing available. All I could get was a $40,000 quote for a 14 unit complex. Then I talked to Elliot and in just 2 days he brought us a solution for only $15,000. He even came to the meeting and explained it to the board.”Sheldon Lazar - Property Manager Encino
“Our broker told us our earthquake premium was going up from $5,630 to $6,924. Elliot was able to give us a package policy including earthquake for $1,000 less”.John Kim - Board Member San Francisco CA
“Elliot sets the standard for responsiveness. His agency found a way to provide earthquake insurance when others wanted to give us a fraction of the coverage for an astronomical price.”Alice Maupin – Board Member Los Angeles CA
"You saved us over a thousand dollars when other quotes said it was impossible. THANK YOU!"Hector Velazquez – Board Member Winchester CA
“You guys have been great. Always willing to meet & answer questions, which is huge in my book. You make my life easier by meeting with board members to discuss services so I don’t have to." Danny Padilla – Property Manager Pasadena CA
“Has saved our homeowners association thousands of dollars & always replies promptly to any questions.”Renee Wager – Board Member Santa Monica
“In a time when just about everything else seems to be collapsing, it’s a sigh of relief to think of the stability of the Katzovitz Agency.”Jon Wagner - Board Member West Hollywood
“Found us earthquake coverage when regular broker said it didn’t exist or wasn’t available for condo units.”Brian McDonald – Board Member San Francisco
“ The Elliot Katzovitz Insurance Agency’s excellent customer service and attention to detail is what sets them apart from other insurance companies. They take care of their customers.”Eric Blackburn – Property Manager San Diego
“Elliot’s objective about what’s best for the property, even if that means going with a different agent. He’s willing to explain policy provisions to clients and meet with them.”Danny Hill – Property Manager Beverly Hills
“Elliot is the most knowledgeable agent I ever met.”Albert Cioni - Board Member Los Angeles
“You did assist the Board greatly in the last renewal of the Earthquake insurance policy and also saved the Association money with a policy that fit the Association’s needs with the recent renewal now with EKIA for the commercial package policy.”Marie Sudar – Property Manager Pacific Palisades
“While we originally called for Earthquake Insurance, we were given a free quote from Mr. Katzovitz on our regular HOA insurance policy and he gave us a huge improvement in coverage for the same price we were paying another company with inferior coverage that could have cost us thousands in losses! Thank You - You all are a great team!!”Linda Hamp – Board Member San Diego
You deserve to have an earthquake insurance expert working for you!
As an independent agent with access to many carriers and programs we can provide creative solutions so you get the BEST possible COVERAGE at the LOWEST available PRICE!
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