Quake Insurance
- Share via
I received the notice and bill from the California Earthquake Authority for earthquake insurance on my home. I am absolutely livid and outraged about the insurance premium, $888. I am also scared that since I can’t afford this premium, I cannot get earthquake insurance.
My property coverage is $185,000 and the premium is $732. The CEA earthquake insurance, with a 15% deductible, costs more than my entire property and liability insurance. This is outrageous and unacceptable.
The CEA requires a 15% deductible, which means if I incur $30,000 damage from an earthquake, I will receive only $2,250, which after paying the $888 premium, leaves me a net of only $1,362. Again, this is outrageous and unacceptable.
Gov. Wilson, please do something to get [Insurance Commissioner Chuck] Quackenbush and the CEA to review and rethink this serious problem. I can’t afford to pay $888 for this kind of insurance, and I don’t believe anybody should. My earthquake insurance premium, with 15% deductible, this past 12 months cost $227. Why must the state, through the CEA, require almost four times as much?
Please, Gov. Wilson, do something!
TOM PALLAD
Chatsworth
More to Read
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.