Program Summary

The earthquake deductible buyback program enables a property owner to reduce the deductible on a residential earthquake policy.

The deductible can be lowered by up to 10% resulting in a final deductible as low as 5%.

The program is available for California residences.

Underwriting Parameters

1. In force overlying policy (i.e. existing earthquake policy must be in force)
2. Single family residence, duplex, triplex, four-plex
3. One location per policy
4. No age restriction
5. Overlying deductible (i.e. deductible on primary policy) must be 10% or greater.
6. Flexible coverage term - Coverage can be written up to 18 months to coincide with the overlying policy expiration date. The premium for any term other than 12 months will be calculated on a pro-rata basis