You might be surprised to discover how flexible and budget-friendly earthquake insurance can be. CEA offers a variety of coverage choices and deductible options for your customers.
CEA is not-for-profit. Our insurance rates are based on the best available science and research, not profit.
Use the CEA premium calculator to help your customer get an insurance cost estimate.
Coverage options for condominiums*
Our earthquake insurance for condo-unit owners gives your customer the ability to customize their policy.
| Coverages | Condo-Unit Policy | Additional Information |
|---|---|---|
| Building Property | Optional |
Covers damage to parts of the inside of your customer's condo unit, such as interior walls, fixtures and windows. May be purchased separately or with other coverages. |
| Coverage Limits | Up to $100,000 | Available in limits of $25,000, $50,000, $75,000 or $100,000. |
| Deductible | 5%, 10%, 15%, 20%, or 25% of Building Property limit |
Claim-payment example:
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| Personal Property | Optional (Included with Loss of Use Coverage) |
Covers damage to your customer's belongings such as TVs and furniture. May be purchased separately (combined with Loss of Use) or with other coverages. |
| Coverage Limits | Up to $25,000 | Available in limits of $5,000 or $25,000. |
| Deductible | 5%, 10%, 15%, 20%, or 25% of Personal Property limit |
Claim-payment example:
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| Loss of Use | Optional (Included with Personal Property Coverage) |
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. It also covers them for lost rent if their unit functions as a rental and their tenant must move out. May be purchased separately (with Personal Property Coverage) or with other coverages. |
| Coverage Limits | Up to $100,000 | Available in limits of $1,500, $10,000, $15,000, $25,000, $50,000, $75,000 or $100,000. |
| Deductible | None | There is never a deductible for Loss of Use. |
| Loss Assessment | Optional |
Helps pay your customer's share of certain assessments that their owners association may levy on its members to pay for earthquake-damage repairs or a master-insurance-policy deductible. This coverage can help with assessments for repairs to certain exterior portions of your customer's condo development and certain common areas. May be purchased alone or with other coverages. |
| Coverage Limits | Up to $100,000 | Available in limits of $25,000**, $50,000, $75,000 or $100,000. **Only available if the Fair Market Value of the unit is $135,000 or less. |
| Deductible | 5%, 10%, 15%, 20% or 25% | Deductible options range from 5% to 25% of the Loss Assessment coverage limit. |
| Building Code Upgrade | Included when Building Property is purchased. |
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 Limit | $10,000 |
Loss Assessment coverage already includes a $10,000 coverage limit for building-code-related upgrades assessed by an HOA. Building Code Upgrade covers up to an additional $10,000 to help bring the condo unit up to current building code standards as repairs are made. |
| Deductible | Building Code upgrade is paid after your customer's Building Property deductible is met. |
Once your customer's covered damage exceeds their Dwelling or Loss Assessment deductible, they could be eligible for payment for Building Code Upgrades, up to the coverage limit, to help bring their home up to current building code standards as repairs are made. |
| Emergency Repairs | Included when Building Property Coverage or Personal Property Coverage is purchased. |
Covers earthquake-damage repairs that are needed to protect your customer's condo unit or personal property from further damage (examples: repair broken windows or remove broken glass). |
| Coverage Limits | $1,500 for repairs to condo unit $1,000 for repairs to personal property |
Emergency Repairs provide coverage up to $1,500 for repairs to the unit, and up to $1,000 for repairs to personal property. |
| Deductible | Emergency Repairs are paid, up to the respective limits, after Building Property and Personal Property deductibles are met. |
There is no deductible for Emergency Repairs. Emergency repairs begin after the Building Property and Personal Property deductibles are met. |
| Breakables |
Within policy terms, covers glassware, crystal, china, ceramic, pottery, porcelain, or marble items that are broken because of an earthquake. Available for new and renewal policies written on or after January 1, 2025. |
We encourage you to read the entire CEA policy—and its policy declarations page—to understand the coverages and how they work. Exclusions and special limits apply. All terms and conditions of CEA insurance coverage are found in the CEA insurance-policy form. Refer to a sample policy, below.
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