{"id":327,"date":"2018-01-11T10:51:42","date_gmt":"2018-01-11T18:51:42","guid":{"rendered":"http:\/\/www.corrinblogsinsurance.com\/?p=327"},"modified":"2018-01-11T11:05:36","modified_gmt":"2018-01-11T19:05:36","slug":"california-renters-need-earthquake-insurance-coverage-too","status":"publish","type":"post","link":"https:\/\/www.corrinblogsinsurance.com\/?p=327","title":{"rendered":"California Renters Need Earthquake Insurance Coverage Too"},"content":{"rendered":"<h2>The latest \u201cEarthquake Premium and Policy Count Data Call\u201d from the California Department of Insurance (CDI) shows that in 2016, only about 5% of California renters with residential insurance also had earthquake insurance policies.<\/h2>\n<p>However, data from the CDI and the American Community Survey imply that only about one-third of renters carry residential insurance, so the actual percentage of renters with earthquake coverage is substantially lower than 5%. Bay Area cities have high numbers of renters, which means potentially hundreds of thousands would be left financially unprotected after a damaging earthquake strikes!<\/p>\n<h2>What Every California Renter Needs to Know About Earthquake Insurance<\/h2>\n<p>A low take-up among renters may be because you have misunderstandings about the value of earthquake insurance.<\/p>\n<ul>\n<li>Because a landlord\u2019s insurance won\u2019t cover anything beyond the structure of the home, it\u2019s important that you understand you need your own policy to protect your personal property.<\/li>\n<li>In California, a renters insurance policy doesn\u2019t cover earthquake damage, so a separate earthquake insurance policy is needed.<\/li>\n<li>With a\u00a0<a href=\"https:\/\/www.earthquakeauthority.com\/california-earthquake-insurance-policies\/renters\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">CEA renters earthquake insurance policy<\/a>, you can choose Loss-of-Use coverage, which covers additional living expenses if you must live and eat elsewhere following a quake. And don\u2019t forget this Loss of Use coverage through CEA has no deductible!<\/li>\n<li>Government assistance, if available, is limited. The maximum FEMA grant available in 2017 was $33,300, but the average FEMA grant awarded after the 2014 Napa quake was just $2,670.<\/li>\n<li>CEA policies for renters are very affordable\u2014as low as $35 per year ($2.92 a month)\u2014and premiums depend on the earthquake risk where a renter lives and the policy coverages, limits and deductibles you choose.<\/li>\n<\/ul>\n<p>If you do not have this insurance you are basically Self insuring against this future reality! Your insurance is the basis of any sound financial plan: Protect what you have and build from there! Otherwise, one big setback and you are starting over, and who wants to do that if they do not have to?<\/p>\n<p>For a FREE Quote please contact my office: 650-FARMERS (327-6377), or email me at ctrowbridge@farmersagent.com<\/p>\n<p>(Copied form the CEA website)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The latest \u201cEarthquake Premium and Policy Count Data Call\u201d from the California Department of Insurance (CDI) shows that in 2016, only about 5% of California renters with residential insurance also had earthquake insurance policies. However, data from the CDI and &hellip; <a href=\"https:\/\/www.corrinblogsinsurance.com\/?p=327\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[7],"tags":[],"class_list":["post-327","post","type-post","status-publish","format-standard","hentry","category-earthquakes-floods-and-other-natural-disasters"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p7CwcV-5h","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.corrinblogsinsurance.com\/index.php?rest_route=\/wp\/v2\/posts\/327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.corrinblogsinsurance.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.corrinblogsinsurance.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.corrinblogsinsurance.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.corrinblogsinsurance.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=327"}],"version-history":[{"count":3,"href":"https:\/\/www.corrinblogsinsurance.com\/index.php?rest_route=\/wp\/v2\/posts\/327\/revisions"}],"predecessor-version":[{"id":330,"href":"https:\/\/www.corrinblogsinsurance.com\/index.php?rest_route=\/wp\/v2\/posts\/327\/revisions\/330"}],"wp:attachment":[{"href":"https:\/\/www.corrinblogsinsurance.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.corrinblogsinsurance.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.corrinblogsinsurance.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}