This lesson contains 14 slides, with interactive quizzes, text slides and 1 video.
RMS(Risk Meter Report) Report
Deductibles* Earthquake has its own deductible vary by state
Aftershocks
Loss Assessment
History of a given fault line
Soil Types
Distance to fault lines
Liquefaction factor (Land that acts like water during an Earthquake)
These vary by state however we will examine CA
15% of dwelling limit (Min ded is $250)
*Losses are covered at Actual Cash Value instead of Replacement cost
Example: 350K house the deductible would be 52,500
Dwelling (Up to Dewlling Limit)
Personal Protery $5000
Additional Living Expenses $1500
*Personal Property and Additional Lving Expense coverage is not available until the covered dwelling loss has reached at least 15%*
Covers land shock waves or tremors before, during, or after a volcanic eruption
*We define a single loss as one or more earthquake shocks within 72 hours.*
We would repair the roof or cut a check for actual cash value depending on the age of the roof and/or the type of roof
*Note the deductible would apply to this*