California Residential
Earthquake Coverage Comparison
The Coverage chart below provides an accurate overview of the coverage
features for the predominant Residential Earthquake Plans available in
California. While the chart provides an overview, it does not show all
policy limitations and provisions.
The options presented
have been determined using the underwriting guidelines for each company.
We can generally increase the amount of Dwelling coverage provided (if
you feel we have underestimated the rebuilding cost of your home), however,
the coverage usally cannot be reduced. The coverage amounts are set to
meet each company's minimum guidelines to qualify for the coverage. It
is important to keep in mind that since the deductibles for Earthquake
Insurance are set as a percentage of the total coverage amount; as you
increase your coverage, you also increase your effective deductible, while
also increasing your cost. For example, a $100,000 Earthquake policy with
a 10% deductible would mean that you have a $10,000 deductible; while
a $150,000 policy with the same 10% deductible would mean that you now
have a $15,000 deductible. So, while on the one hand you may want more
coverage, on the other hand you thereby increase your overall deductible.
AXIS Reinsurance
Company, GeoVera Insurance Company and Pacific
Select Insurance Company are California "Admitted" Insurance
Carriers. As such, they are all protected under the California State
Guarantee Fund.
We look forward to
hearing from you. If you have questions, please feel free to call at (800)
451-3500 or Fax at (888) 451-3501, or email us at
DB3@Severt.com.
| Company |
Program
Name |
Dwelling
Coverage |
Deductible |
Separate
Structures
|
Personal
Property |
Additional
Living Expenses |
Debris
Removal |
Chimneys,
Fireplaces |
Pools
& Spas |
BBQs,
Gazebos,
Playground equip., etc. |
Personal
Computers |
Glassware,
China,
Porcelain |
View
a Sample Policy |
| AXIS
Reinsurance Company |
Superior
EQ
PLUS
 |
Up
to the
limit purchased. |
10%
or 15%
of each coverage. |
10%
of Dwelling
Coverage |
50%
of Dwelling
Coverage |
20%
of Dwelling
Coverage, up to $100K |
5%
of Dwelling
Coverage |
5,000 |
25,000 |
3,000 |
10,000 |
1,500 |
Sample
Policy |
| Superior
EQ |
Up
to the
limit purchased. |
10%
or 15%
of each coverage. |
10%
of Dwelling
Coverage |
50%
of Dwelling
Coverage |
20%
of Dwelling
Coverage, up to $25K |
5%
of Dwelling
Coverage |
5,000 |
3,000 |
3,000 |
2,500 |
1,500 |
Sample
Policy |
| Standard |
Up
to the
limit purchased. |
15%
of
total coverage. |
No
Coverage |
5,000 |
1,500 |
5%
of Dwelling
Coverage |
5,000 |
No
Coverage |
No
Coverage |
1,000 |
No
Coverage |
Sample Policy |
GeoVera
Insurance |
Comprehensive |
Up
to the
limit purchased. |
10%
or 15%
of total coverage. |
Included
in Blanket
Limit of Coverage |
Included
in Blanket
Limit of Coverage |
Included
in Blanket
Limit of Coverage |
Up
to the limit
purchased. |
5,000 |
3,000 |
3,000 |
Up
to the
limit purchased. |
Up
to the
limit purchased. |
|
| Standard |
Up
to the
limit purchased. |
15%
of
total coverage. |
No
Coverage |
5,000 |
1,500 |
Up
to the limit
purchased. |
5,000 |
No
Coverage |
No
Coverage |
Included
in
5,000 total. |
Included
in
5,000 total |
|
Pacific
Select
Insurance |
Premier |
Up
to the
limit purchased. |
10%
or 15%
of each coverage. |
10%
of Dwelling
Coverage |
50%
of Dwelling
Coverage |
20%
of Dwelling
Coverage (25K max) |
5%
of Dwelling
Coverage |
5,000 |
1,500 |
1,500 |
2,500 |
1,500 |
|
Security
Protector |
Up
to the
limit purchased. |
15%
of
total coverage. |
No
Coverage |
5,000 |
1,500 |
5%
of Dwelling
Coverage |
5,000 |
No
Coverage |
No
Coverage |
1,000 |
No
Coverage |
|
| CEA |
California
EQ
Authority |
Up
to the
limit purchased. |
15% |
No
Coverage |
5,000 |
1,500 |
5%
of Dwelling
Coverage |
5,000 |
No
Coverage |
No
Coverage |
1,000 |
No
Coverage |
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