
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 |