Residential Earthquake Insurance
Earthquakes can happen anywhere at anytime, but a typical homeowners policy does not cover this potentially devastating peril. American Modern offers the choice of a package policy or byline coverage for earthquake only – not fire, flood, or other ensuing losses.
| Protection | Earthquake insurance is a good idea for your customers and we can provide a package or byline coverage to meet individual needs. |
| Settlement | We settle all claims on a replacement cost basis. |
| Deductible | Deductible is based on the highest individual Coverage limit. Compared to deductibles based on an aggregate of Coverages A, B, and C, this is more advantageous for the customer. |
| Eligibility |
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Construction type |
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| Location | We provide coverage in all zip codes of authorized states. |
| Personal property | 25% Coverage A is included in the package policy with an option to increase – optional for the byline policy. |
| Loss of use/rent | 10% Coverage A is included in the package policy – $1,500 included in the byline policy. And your customer has the option to increase. |
| Other Structures | 10% Coverage A is included in the package policy with an option to increase – optional for the byline policy. |
| Debris removal | 5% of the single limit of liability is included. |
| Engineering and demolition costs | 5% of the single limit of liability is included. |
| Reconstruction and local building code standards | Limited to $10,000 |
| Loss assessment | 5% of the single limit of liability is included. |
| Glass or safety glazing material | Included. |
| Landlord’s furnishing (rental only) | $2,500 for personal property is included |
