| Mobilehome (dwelling) |
Included |
Included |
Covers earthquake damage to your customer's home and certain structures attached to it. |
| Coverage Limits |
Same as your customer's mobilehome owners insurance policy |
Same as your customer's mobilehome owners insurance policy |
Your customer's mobilehome is covered up to the Dwelling’s insured value on their mobilehome owners insurance policy. For example, if your customer's mobilehome insured value is $200,000, their earthquake insurance coverage will be the same amount.
|
| Deductible |
5%-25% |
5%-25% |
Deductible options are 5%, 10%, 15%, 20% and 25% of your customer's Dwelling coverage. According to upcoming policy options changes mobilehomes with a Coverage A limit over $1 million can only select deductibles of 15%, 20%, or 25%.
Claim-payment example:
- If your customer's mobilehome is insured for $150,000, and
- They have purchased a 5% ($7,500) deductible, and
- An earthquake causes $50,000 in covered damage, then
- Their claim payment would be $42,500 (their covered loss, less their deductible, up to the limit purchased).
|
| Personal Property |
Included |
Optional |
Covers damage to your customer's belongings, such as TVs and furniture. |
| Coverage Limits |
Up to $25,000 |
Up to $25,000 |
Available in limits of $5,000 or $25,000.
|
| Deductible |
Included under the Dwelling deductible |
5%-25% |
The Homeowners Choice policy offers deductibles of 5%-25%.
This deductible is separate from the dwelling deductible, which may allow your customer to receive a personal property claim payment even if they don’t meet the dwelling deductible. And, if the dwelling deductible is met, the personal property deductible is waived.
Homeowners Choice claim-payment example:
- If your customer's mobilehome (dwelling) is insured for $150,000 with a 10% deductible ($15,000), and
- They have personal property covered for $25,000 with a 5% deductible ($1,250), and
- An earthquake causes damage to the dwelling that is less than the dwelling deductible, but $20,000 in personal property damage, then
- Although your customer's dwelling deductible is not met, their separate personal property deductible allows them to receive $18,750!
- This payment is the difference between the covered damage to personal property ($20,000), less the deductible ($1,250).
|
| Loss of Use |
Included |
Optional |
Covers additional living expenses if your customer needs to live and eat elsewhere because earthquake damage or a civil authority prevents them from residing in their home. If the mobilehome is held for rent, loss of use, (fair rental value) is covered.
|
| Coverage Limits |
Up to $100,000 |
Up to $100,000 |
Available in limits of $1,500, $10,000, $15,000, $25,000, $50,000, $75,000 and $100,000. |
| Deductible |
None |
None |
There is never a deductible for Loss of Use. |
| Building Code Upgrade |
|
|
Local authorities require that rebuilding or significant repair work be performed in a manner consistent with current building codes (not the codes that were in effect when the property was built). This coverage helps pay expenses associated with code-compliant rebuilding or repairs.
|
| Coverage Limits |
$10,000 included, $20,000 and $30,000 optional |
$10,000 included, $20,000 and $30,000 optional |
All mobilehome owners policies include $10,000 in building code upgrade coverage. Your customer can also choose to raise the coverage to $20,000 or $30,000.
|
| Deductible |
Paid after the dwelling deductible is met |
Paid after the dwelling deductible is met |
Once your customer's covered damage exceeds the Dwelling deductible, they could be eligible for payment for Building Code Upgrades, up to their chosen limit.
|
| Emergency Repairs |
Included |
Included |
Covers earthquake-damage repairs that are needed to protect your customer's mobilehome or personal property from further damage (examples: repair broken windows or remove broken glass).
|
| Coverage Limits |
Up to 5% of homeowners and Personal Property limit |
Up to 5% of homeowners and Personal Property limit |
For example, if your customer's mobilehome is insured for $100,000 and an earthquake strikes causing $80,000 in damage, they have up to 5% ($5,000) in Emergency Repairs coverage to make their mobilehome safe to live in.
|
| Deductible |
First $1,500 has no deductible |
First $1,500 has no deductible |
Emergency Repairs provide coverage up to 5% of dwelling and 5% of the personal property limit. The first $1,500 is not subject to the deductible.
|
| Breakables |
|
|
Not available for new policies written on or after August 1, 2023 and renewals on or after November 1, 2023.
|