Earthquake - Residential Property

IBAquake Residential is designed to provide better earthquake insurance options for California home and condominium owners. Underwritten by Universal North American Insurance Company, a member company of The Universal Group which is rated “A” (Excellent) by A.M. Best and California admitted.

The program delivers residential earthquake insurance products with broader coverage, higher limits and lower deductibles.  The rates are very competitive depending on the location of the risk and age of the dwelling.

In addition to high quality products, Independent Insurance Agents and Brokers of California Residential Earthquake program provides producers what they need to get the job done quickly and accurately.

Arrowhead Exchange Online rating, click here.

• Quick & Accurate
• Easy to use & immediate results
• 24/7 Online accessibility
• Quotes saved for retrieval
• Internet connection a requirement – Automatic Updates

Target Risks:

• Newer structures or retrofitted
• Built on flat or gently sloping lots with slab or raised concrete foundations

Three Policy Options:

Superior EQ Policy

• Select Dwelling Limit
• Other Structures, 10%
• Contents, 50%
• Loss of Use, 20% up to $25,000
• Loss Assessments, $10,000
• 10% or 15% deductible

Standard EQ Policy

•  Select Dwelling Limit
• Other Structures, N/A
• Contents, $5,000
• Loss of Use, $1,500
• Loss Assessments, N/A
• 15% Deductible

Condo EQ Policy

• Dwelling, $25,000
• Other Structures, N/A
• Select Content Limits
• Loss of Use, $2,500
• Loss Assessments, $5,000
• 10% Deductible

Eligibility

• Dwellings - $100,000 minimum to $5 million maximum dwelling replacement limit
  • All California counties with the exception of Los Angeles county where the maximum is $2 million

• Condominiums - $25,000 minimum to $500,000 maximum content limits
• Dwellings 1937 and newer are acceptable provided homes built prior to 1955 have proof of retrofitting.  Condominiums must be built 1960 or newer

Special Coverage Endorsement Available

The Superior EQ Plus endorsement increases limits for swimming pools and other types of property, in addition to increasing Loss of Use up to $100,000.

Commissions

10% commission is paid on new and renewal business