Residential Earthquake Program
Provide homeowners with a unique Earthquake insurance solution from Abacus that offers customizable deductibles.
Residential Earthquake (CA)
Homeowners can select from a variety of deductible approaches all from a single insurance company. Clients can select the deductible basis as either a percentage of the dwelling limit, a percentage of each coverage or a percentage of the total insurable value. The available deductible options are 10% and 15%.
| Coverage | Base Limit | Options |
|---|---|---|
| Dwelling | Up to 3MM | None |
| Appurtenant Structures | 10% of Dwelling | 0% to 20% of Dwelling |
| Personal Property | 50% of Dwelling | 25% to 75% of Dwelling |
| Loss of Use | 20% of Dwelling (up to 25,000) |
20% of Dwelling (up to 500,000) |
| Limited Building Code Upgrade | 10,000 | None |
| Hardscape | Excluded | Up to 100,000 |
Our Footprint
| Deductible Approach | 15% Deductible | 10% Deductible |
|---|---|---|
| % of Dwelling The deductible is applied against the dwelling limit. When the dwelling deductible is met, all coverages would then satisfy the deductible. |
X | X |
| % of Coverage The deductible is applied separately to each coverage. The deductible for each coverage is independent of the other coverages. |
X | X |
| % of Total Insurable Value The deductible is applied against the Total Insurable Value (TIV). When the TIV deductible is met, all coverages would then satisfy the deductible. |
X | X |
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