Earthquake insurance in California usually has a deductible set as a percentage of your dwelling coverage, often between 5% and 25%, and it is separate from your homeowners deductible.
For example, on a home with $400,000 of dwelling coverage, a 15% earthquake deductible means you pay the first $60,000 of damage to the house. A lower percentage costs more in premium, and a higher one costs less. Many policies, including those from the California Earthquake Authority (CEA), let you choose your deductible and add separate limits for personal property and additional living expenses.
A standard homeowners policy does not cover earthquake damage, but it generally does cover fire that breaks out after an earthquake. We can help you weigh the deductible against the premium so the coverage fits your budget.
Questions about your own policy? Elye Insurance in Mission Viejo helps homeowners and drivers across California and Nevada compare options from multiple carriers.
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