At Commercial Coverage Insurance Agency, our core practice is commercial property insurance on a national basis. Commercial Earthquake Insurance is a risk reduction method to transfer the risk of earthquake loss to an insurer. Earthquake Insurance is purchased because of one of three conditions.
In some cases, your holdings may be large enough to a apply premium reduction strategy by utilizing a loss limit against the entire portfolio. When appropriate, our loss limit strategy can provide the same coverage with a substantial savings, as much as 40% in some cases.
Our Risk Advisors can advise on a policy for a single location or a portfolio of properties to meet your specific needs and lender requirements. Whether you need a full limit earthquake policy, or a layered loss limit blanket against a portfolio of properties, at Commercial Coverage Insurance Agency, we know earthquake coverage.
Rates on Commercial Earthquake insurance have dropped in recent years making it more affordable and more deductible options have become available. Don’t expose yourself to the risk of not being covered for the peril of earthquake
Earthquake & flood (difference in conditions) policies provide coverage beyond that normally provided by standard fire policies. The most commonly provided additional perils are earthquakes and flood. However, additional peril coverage may be provided depending upon the needs of each individual risk.
Aside from the obvious potential of total destruction to your home, here are some other kinds of damage that may happen due to an earthquake. These are just examples of some types of earthquake damage and risks and do not portray all possible threats from earthquake activity. This list can give you an idea of what you might want to protect yourself from by buying an earthquake insurance endorsement or policy.
Earthquake coverage is offered to commercial property owners on behalf of a diverse line up of strong carrier partners
Earthquake coverage is provided on Buildings, Business Personal Property, Tenant Improvements or Betterments, Business Income/Rental Value and/or Additional Property Coverage (signs, pools, fences, etc.). Optional coverage includes Flood (outside SFHA A and V), Earthquake Sprinkler Leakage, Ordinance or Law and Mold Clean-Up and Removal.