Earthquake coverage is available as an optional endorsement for all policy types. It can be added during the quoting process or at mid-term on the Coverage tab in the Agent Portal. This endorsement provides coverage for direct physical loss to property caused by an earthquake.
Coverage
- Covered Events: Includes land shock waves or tremors occurring before, during, or after a volcanic eruption.
- The 72-Hour Rule: One or more earthquake shocks that occur within a 72-hour period are treated as a single earthquake event.
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Deductibles: A separate earthquake deductible applies to the policy when this endorsement is selected. This deductible can be adjusted directly within the portal to fit your client's needs.
Exclusions
- Flood Damages: Losses caused by or resulting from an earthquake-induced flood or tidal wave are not covered.
- Land Filling: The cost of filling, leveling, or otherwise treating the land is excluded.
- Man-Made Events: Earthquakes caused by human activity (e.g., fracking or mining) are excluded in applicable states.
Earthquake Loss Assessment Coverage
For clients who live in homeowners' association (HOA) communities with shared property, Earthquake Loss Assessment Coverage can be added as an additional endorsement, provided that base earthquake coverage is already selected.
This endorsement broadens the policy's standard Loss Assessment Coverage to include earthquake events.
- How it Triggers: Coverage is activated when a property or homeowners association assesses the insured for covered damage to collective association property resulting from an earthquake.
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Exclusions: This endorsement does not cover assessments charged by any governmental body, nor does it cover assessments resulting from flood damages caused by an earthquake.
The above is meant as general information. This information does not modify any provisions, limitations, or exclusions expressly stated in any insurance policy. Descriptions of all coverages and other features on this page are necessarily brief; in order to fully understand the coverages and other features of a specific insurance policy, we encourage you to read the applicable policy. Whether an accident or other loss is covered is subject to the terms and conditions of the actual insurance policy or policies involved in the claim. References to general claims handling steps, average or typical premiums, amounts of losses, deductibles, costs of coverages/repair, etc., are illustrative and may not apply to your situation.
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