dream16 said:Attached
gasman said:All earthquake policies are from CEA, no matter the broker. Broker has no effect on the pricing.
For a condo, you have the option of purchasing a walls-in CEA policy, which covers damage to anything inside your unit (cabinets, flooring, etc.). HOA is responsible for all exterior/structural coverage.
Deductibles are quite high, however, so condo CEA coverage is a coin-flip IMHO.
dream16 said:gasman said:All earthquake policies are from CEA, no matter the broker. Broker has no effect on the pricing.
For a condo, you have the option of purchasing a walls-in CEA policy, which covers damage to anything inside your unit (cabinets, flooring, etc.). HOA is responsible for all exterior/structural coverage.
Deductibles are quite high, however, so condo CEA coverage is a coin-flip IMHO.
What is CEA? And isn't HO-6 policy already going to cover internal damages - inside the unit due to any reason incl. earthquake? My deductible is $1000, and i am paying $600/year for the standard HO-6 policy with dwelling: 80k, personaL: 40k, max liability 500k and medical covg 1k
jmoney74 said:dream16 said:gasman said:All earthquake policies are from CEA, no matter the broker. Broker has no effect on the pricing.
For a condo, you have the option of purchasing a walls-in CEA policy, which covers damage to anything inside your unit (cabinets, flooring, etc.). HOA is responsible for all exterior/structural coverage.
Deductibles are quite high, however, so condo CEA coverage is a coin-flip IMHO.
What is CEA? And isn't HO-6 policy already going to cover internal damages - inside the unit due to any reason incl. earthquake? My deductible is $1000, and i am paying $600/year for the standard HO-6 policy with dwelling: 80k, personaL: 40k, max liability 500k and medical covg 1k
Not if the damage is from an EQ. It's honestly not worth it.
dream16 said:jmoney74 said:dream16 said:gasman said:All earthquake policies are from CEA, no matter the broker. Broker has no effect on the pricing.
For a condo, you have the option of purchasing a walls-in CEA policy, which covers damage to anything inside your unit (cabinets, flooring, etc.). HOA is responsible for all exterior/structural coverage.
Deductibles are quite high, however, so condo CEA coverage is a coin-flip IMHO.
What is CEA? And isn't HO-6 policy already going to cover internal damages - inside the unit due to any reason incl. earthquake? My deductible is $1000, and i am paying $600/year for the standard HO-6 policy with dwelling: 80k, personaL: 40k, max liability 500k and medical covg 1k
Not if the damage is from an EQ. It's honestly not worth it.
Ahh ok, so what is the solution then ? I mean if the building itself crumbled in the EQ, not sure who is going to cover the internal stuff...
jmoney74 said:dream16 said:gasman said:All earthquake policies are from CEA, no matter the broker. Broker has no effect on the pricing.
For a condo, you have the option of purchasing a walls-in CEA policy, which covers damage to anything inside your unit (cabinets, flooring, etc.). HOA is responsible for all exterior/structural coverage.
Deductibles are quite high, however, so condo CEA coverage is a coin-flip IMHO.
What is CEA? And isn't HO-6 policy already going to cover internal damages - inside the unit due to any reason incl. earthquake? My deductible is $1000, and i am paying $600/year for the standard HO-6 policy with dwelling: 80k, personaL: 40k, max liability 500k and medical covg 1k
Not if the damage is from an EQ. It's honestly not worth it.
USCTrojanCPA said:jmoney74 said:dream16 said:gasman said:All earthquake policies are from CEA, no matter the broker. Broker has no effect on the pricing.
For a condo, you have the option of purchasing a walls-in CEA policy, which covers damage to anything inside your unit (cabinets, flooring, etc.). HOA is responsible for all exterior/structural coverage.
Deductibles are quite high, however, so condo CEA coverage is a coin-flip IMHO.
What is CEA? And isn't HO-6 policy already going to cover internal damages - inside the unit due to any reason incl. earthquake? My deductible is $1000, and i am paying $600/year for the standard HO-6 policy with dwelling: 80k, personaL: 40k, max liability 500k and medical covg 1k
Not if the damage is from an EQ. It's honestly not worth it.
Especially if it's an attached condo.
dream16 said:USCTrojanCPA said:jmoney74 said:dream16 said:gasman said:All earthquake policies are from CEA, no matter the broker. Broker has no effect on the pricing.
For a condo, you have the option of purchasing a walls-in CEA policy, which covers damage to anything inside your unit (cabinets, flooring, etc.). HOA is responsible for all exterior/structural coverage.
Deductibles are quite high, however, so condo CEA coverage is a coin-flip IMHO.
What is CEA? And isn't HO-6 policy already going to cover internal damages - inside the unit due to any reason incl. earthquake? My deductible is $1000, and i am paying $600/year for the standard HO-6 policy with dwelling: 80k, personaL: 40k, max liability 500k and medical covg 1k
Not if the damage is from an EQ. It's honestly not worth it.
Especially if it's an attached condo.
So is it a no-way out or do i have an option to buy EQ coverage? For how much?