facebook pixel

Sorry, your browser is not compatible with this website.

This website uses technology supported by Internet Explorer 9.0 or higher, Chrome, Safari, and Safari mobile. Open with the latest versions of our supported browsers below.

What browser do I have?

We Provide Earthquake Insurance for Californians

For Agents: Condo / Condominium Coverages & Deductibles

We help your customers protect what's on the inside

Condo unit owners want reassurance that they will have the money to repair, replace and recover after an earthquake. California Earthquake Authority (CEA) has more coverage options and deductible choices to help condo unit owners protect what matters most.

Condo / Condominium Coverages & Deductibles

Coverages
Condo Policy
Building Property
(condo interior)
Optional
Building Property covers the inside of your condo unit, like interior walls, fixtures and windows.
Coverage Limit
Up to $100,000
Building Property is available in $25,000, $50,000, $75,000 and $100,000 limits.
Deductible
5% - 25%

Your deductible options for Building Property are 5, 10, 15, 20 or 25 percent of your Building Property limit.

Example: If your condo is insured for $100,000 (Building Property coverage), and you have a 5 percent deductible ($5,000), and it suffers $75,000 in earthquake damage, your claim payment would be $70,000 (the difference between your covered damage and your deductible).

You do not have to pay any of the deductible out of pocket to receive a claim payment; it is simply subtracted from your total claim.

Personal Property
(belongings)
Optional

Personal Property covers damage to your belongings, like TVs and furniture.

Personal Property is offered together with Loss of Use.

Coverage Limit
Up to $200,000
You can cover your personal property for $5,000, $25,000, $50,000, $75,000, $100,000, $150,000 or $200,000.
Deductible
5% - 25%

You can choose 5, 10, 15, 20 or 25 percent deductibles.

Example: If you have $50,000 in Personal Property coverage with a 5 percent ($2,500) deductible, and an earthquake causes $52,500 in damage to your belongings, you will receive a payment for $50,000 (the difference between your covered damage and the deductible).

You do not have to pay any of the deductible out of pocket to receive a claim payment; it is simply subtracted from your total claim.

Loss of Use
(additional living expenses if you have to live elsewhere after an earthquake)
Optional

If you need to live elsewhere after an earthquake (because of earthquake damage, or a civil authority prevents access to your home), Loss of Use can cover your additional expenses that might be greater than what you would normally spend on housing.

Loss of Use is offered together with Personal Property.

Coverage Limit
Up to $100,000
Loss of Use is available in $1,500, $10,000, $15,000, $25,000, $50,000, $75,000 and $100,000 limits.
Deductible
None
There is never a deductible for Loss of Use.
Loss Assessment
(condo association charges collected from unit owners for shared costs of repair, or association policy deductibles)
Optional

Up to your chosen coverage limit, Loss Assessment coverage helps pay your share of certain assessments levied by your HOA on its members for earthquake-damage repairs or to pay a master-policy deductible. This coverage can help with charges for repairs to the exterior of your condo development or certain common areas, as well as building code upgrades.

Coverage Limit
Up to $100,000
Loss Assessment is available in limits of $25,000, $50,000, $75,000 and $100,000.
Deductible
5% - 25%

You can buy Loss Assessment coverage with a 5, 10, 15, 20 or 25 percent deductible.

Example: If you have $75,000 in Loss Assessment coverage with a 10 percent ($7,500) deductible, and your HOA assesses you $67,500 for your share of the covered damage for common areas damaged by an earthquake, you would receive a claim payment of $60,000 (the difference between your covered damage and the deductible).

You do not have to pay any of the deductible out of pocket to receive a claim payment; it is simply subtracted from your total claim.

Emergency Repairs
Included
Emergency Repairs pays for reasonable and necessary costs to protect your property from further damage, like fixing broken windows or glass removal. You must purchase Building Property or Personal Property coverage to have (the included) Emergency Repairs coverage.
Coverage Limit
$1,500 for repairs to condo unit, $1,000 for personal property
Emergency repairs coverage is included, with a $1,500 limit, with your CEA Building Property coverage. Emergency Repairs is also offered under Personal Property coverage as the lesser of $1,000 or 5 percent of your Personal Property coverage limit. The coverage deductible applies for each coverage.
Deductible
Emergency Repairs are paid after your Building Property and Personal Property deductibles are met

Emergency Repairs begin after your Building Property and Personal Property (belongings) deductibles are met.

Example: For example, if an earthquake breaks the windows in your condo unit and the total covered damage exceeds your Building Property deductible, Emergency Repairs will pay up $1,500 to board up the windows so that your home does not sustain additional damage

Building Code Upgrade
(costs to bring your condo unit up to current building codes while making covered repairs)
Included
If your condo unit suffered from earthquake damage, optional Building Code Upgrade coverage will help you meet current building code standards when making covered repairs. Coverage is included as a sublimit of CEA's Loss Assessment coverage.
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 your 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 covered damage exceeds your Dwelling or Loss Assessment deductible, you could be eligible for payment for Building Code Upgrades, up to the coverage limit, to help bring your home up to current building code standards as repairs are made.

Breakables
Optional
Breakables is an optional coverage that covers breakable belongings like dishes and ceramics.

​​​​​Read your CEA policy carefully

We encourage you to read your entire CEA policy to understand what is covered and what is not. Exclusions and special limits apply. Your condo owners insurance agent can answer any questions.

All details, limits, and conditions of CEA coverages are found in CEA insurance policies. Refer to a Sample Policy, below, for the full ​terms and definitions.​