- Dwellings: $75,000 minimum dwelling limit to $10 million total insured value for all ZIP Codes
- Condominiums: $25,000 minimum to $500,000 maximum contents limit*
- Any dwelling age acceptable, provided homes built prior to 1950 have proof of retrofitting; condominiums must be built in or after 1960*
- Dwellings built prior to 1972 must be properly anchor-bolted to the foundation and cripple walls must be braced with plywood (or equivalent)*
- Residence types must be individually owned with 1-4 family dwellings except for the condominium program
- Dwelling must be made of frame construction*
- Coverage amount must be equal to the underlying dwelling limit
- All pre-existing earthquake structural damage must be repaired prior to writing coverage
* Only applies for risks in California
| Superior EQ Policy | Standard EQ Policy | Condo EQ Policy | |
|---|---|---|---|
| Dwelling | Select Dwelling Limit | Select Dwelling Limit | $25,000 |
| Appurtenant Structures | 10% | N/A | N/A |
| Contents | 50% | $5,000 | Select Contents Limit |
| Loss of Use | 20% up to $25,000 | $1,500 | $2,500 |
| Loss Assessments | $10,000 | $10,000 | $5,000 |
| Deductible | 10% or 15% | 15% | 10% |
Underwriting Guidelines
- Companion property insurance required; with mirroring Coverage A limit
- ZIP Code level rating bands
- Sub-limits for other structures, contents, loss of use and code upgrade
- Deductibles typically 10% – 20%, vary by state
- Dwelling criteria: frame construction, concrete slab, basement of perimeter foundation, less than 26% slope, less than three levels*
- Four or fewer family units
- Year of construction: 1973 or newer all concrete foundations eligible; 1950 – 1972 concrete foundations and plywood-braced cripple walls; prior to 1950 proof of retrofitting*
- Retrofitting requirements: anchor bolting, cripple walls braced, hot water heater securing, and written verification*
* Only applies for risks in California
An optional “Plus” Endorsement can be added to the Superior EQ Policy, featuring:
- Increased sub-limits such as swimming pools (from $3,000 to $50,000) and various increased contents sub-limits
- Loss of use cap increased from $25,000 to a maximum of $200,000