Differently, because you do not own the building. Your association’s master policy covers the structure, and where the association carries earthquake coverage, its deductible is typically assessed back to individual owners. A condo earthquake policy is built around that: loss assessment coverage for your share of the association’s deductible and uncovered damage, plus your personal property and loss of use. The CEA writes condo coverage as a companion to a condo unit policy with a participating insurer. Your CC&Rs and the association’s master policy declarations decide how much of the loss reaches you, so read both before setting limits.
Related FAQs
Not automatically. Earthquake policies are built around the dwelling, personal property and loss of use. Detached structures, hardscape, pools, retaining walls and exterior features are commonly limited or excluded unless ...
There is no rate card, because the premium is built from the specific property. What moves it most: the age and construction of the home, whether it sits on a ...
There is no moratorium on buying CEA coverage, which is the most common misconception in California earthquake insurance. A CEA policy can be bought anywhere in the state, at any ...
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