Earthquake — #Californiaearthquakeauthority

California Earthquake Authority

#California #Californiaearthquakeauthority #earthquake insurance #Northridge

California Earthquake Authority

Californians can purchases residential earthquake insurance through the California Earthquake Authority (CEA). There are four groups that are eligible: homeowners, renters, condo owners and mobile-home owners. In addition to premises, the insurance will cover contents and some additional items.  How does the State of California manage Earthquake Preparedness In 1994, the unexpected Northridge earthquake near Los Angeles left residential insurance companies unprepared for the cost of damage claims. Within months, many residential insurance companies were refusing to offer any insurance to homeowners or if they did it was very expensive. The housing market  was in jeopardy.   In response, the...

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