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Home > Insurance Professionals > For Agents > Policy Info for Agents > Condominium > For Agents: Condo Coverages & Deductibles

For Agents: CEA Condo-Unit Policy Coverages & Deductibles

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’s rates are based on science, not profit. We use the best available science and research to set competitive earthquake insurance rates. 

Use the CEA premium calculator to help your customer get a free insurance cost estimate.
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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, like 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:

  • If your customer's condo-unit Building Property limit is $100,000, and
  • They have purchased a 5% ($5,000) deductible, and
  • Their condo unit suffers $75,000 in Building Property earthquake damage, then
  • Their CEA claim payment would be $70,000 (their covered loss, less their deductible, up to the limit purchased).
Personal Property Optional (Included with Loss of Use Coverage)

Covers damage to your customer's belongings, like TVs and furniture. May be purchased separately (with Loss of Use) or with other coverages.

Coverage Limits Up to $200,000 Available in limits of $5,000, $25,000, $50,000, $75,000, $100,000, $150,000 or $200,000.
Deductible 5%, 10%, 15%, 20%, or 25% of Personal Property limit

Claim-payment example:

  • If your customer's condo-unit Personal Property limit is $50,000, and
  • They have purchased a 5% ($2,500) deductible, and
  • An earthquake causes $52,500 in damage to their covered belongings, then
  • They will receive a payment for $50,000 (the covered damage, less the deductible, up to the limit purchased).
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.
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 often 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 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 Optional

Within policy terms, covers glassware, crystal, china, ceramic, pottery, porcelain, or marble items that are broken because of an earthquake.

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.

Condo Unit Policy Sample (PDF)
Optional Endorsement - Coverage For Breakables (PDF)


Ready to learn more? Take a free agent training course. Once you pass, you’ll earn 2 CE credits and become part of our special Marketing Value Program, which offers you free sales support and promotional items for your customers!

Have questions? View our collection of Agent FAQs to get answers to some of the most commonly-asked questions we receive from agents.

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