Five Reasons To Buy CEA Earthquake Insurance

Five Reasons To Buy CEA Earthquake Insurance

• CEA policies are sold and serviced by your homeowners insurance agent. All CEA earthquake insurance policies are sold and serviced by its network of leading homeowners insurance companies. Contact your homeowners insurance agent whom you already know and trust for more information about CEA policies.


• CEA policy premiums are based on individual homes. The CEA insures houses, condominiums, townhouses and manufactured homes (such as mobilehomes), whether you own or rent. CEA insurance premiums are based on insured value, construction-type and age, number of stories, and location – and rates are always based on science, not profit.


• CEA pays claims with no cash out of your pocket. Out-of-pocket cash isn’t required to receive a claim payment from the CEA. Your deductible is used only to determine the portion of your claim the CEA will pay. You may be eligible to receive up to the full insured value of your house.


• Federal assistance may not be enough to repair your home. If the president declares a disaster, the Federal Emergency Management Agency may grant up to about $30,000 only for those who qualify.


• Federal loans must be repaid. The Small Business Administration may make available low-interest loans to help with repairs. But you must qualify, and of course you must repay the loan. SBA loans are limited to $200,000 for structural repairs and $40,000 for personal property.