How much does CEA earthquake insurance cost?
CEA premiums are based on certain factors, including where you live and the age, construction type, number of stories, and insured value of your home. Only your insurance agent or company can give you an exact quote. 8) What if my insurance company doesn’t offer CEA earthquake coverage? Can I buy a policy directly from the CEA? Good news, Langer Insurance is a memeber of the Farmers Insurance Group which is a participating insurance company with the CEA. Only CEA participating insurance companies can sell CEA policies. 9) How does the deductible work? • The CEA policy is designed to rebuild your home if it suffers significant damage from an earthquake. The deductible on a CEA homeowner’s policy is calculated as a percentage of the amount of insurance on the dwelling structure. Only damage to the dwelling structure counts toward meeting the deductible. This means, regardless of the amount of damage to your contents, your dwelling must suffer covered structural earthquake damage that exc
