Blogs

Information on the CEA Condominium Policy

On this page you can download a sample of the policy,

This chart shows provides a coverage comparison of the following NFIP policies.  The Three Policy Forms  There are three policy forms – Dwelling Form, the General Property Form, and the  Residential Condominium Building Association Policy. Each is used to insure a different type  of property. All, however, contain certain terms and condition (e.g., Mortgage...

Subject: CEA Renters Policy Description: California Earthquake Authority Renters Policy Current Edition: BEQ-4B (01-2016 edition) Excerpt; This policy is issued by the California Earthquake Authority (CEA), a public instrumentality of the State of California established and authorized by law to transact insurance in California as necessary to sell policies of basic residential...

Info from the CEA website With a CEA homeowners earthquake insurance policy, you can choose the coverages and deductibles you need. We offer two policies for homeowners:   Homeowne​rs Choice offers coverage for your house, building code upgrades and emergency repairs. We also offer optional personal property coverage for your belongings, and loss of use, which can pay for...

A. COVERAGE A—BUILDING PROPERTY We insure against direct physical loss by or from flood to: 1. The residential condominium building described on the Declarations Page at the described location, including all units within the building and the improvements within the units.  (Excerpt from the Policy)

 

Subject: Policy: General Property Form
Description: The General Property Policy Form may be issued to owners or lessees of non-residential buildings or units, or residential condominium buildings that are uninsurable under the RCBAP.

Subject: Policy: NFIP Dwelling Form Description: Quote from FEMA; The Dwelling Policy Form may be issued to homeowners, residential renters and condominium unit-owners, owners of residential buildings containing two to four units. In communities participating in the NFIP Regular Program* or Emergency Program** the dwelling policy provides building and/or contents...