(a) The offer of coverage required by Section 10081 may be made prior to, concurrent with, or within 60 days following the issuance or renewal of a residential property insurance policy. If the offer of coverage is mailed to the named insured or applicant, it shall be mailed to the mailing address shown on the policy of residential property insurance or on the application. (1) If the offer is made by a nonparticipating insurer as defined in Section 10089.5, the offer of earthquake coverage shall contain all of the following language in at least 10-point boldface type: âYour residential property insurance policy does not cover earthquake damage to your home or its contents. To cover earthquake damage to your home and its contents you need to purchase a separate earthquake insurance policy. The coverage provided by an earthquake insurance policy is different from, and typically more limited than, the coverage provided by your residential property insurance policy. California law requires insurance companies to offer earthquake insurance in conjunction with a residential property insurance policy. If you do not accept the offer of earthquake insurance below within 30 days of the mailing of this notice, your insurance company shall presume that you have not accepted this offer of earthquake insurance. You may purchase earthquake insurance coverage on the following terms: (A) Amount of Dwelling/Building Coverage Limit: _______________ (B) Deductible: ______________ (C) Contents Coverage Limit: _______________ (D) Additional Living Expenses Coverage Limit: _____________ (E) Estimated Annual Premium:_______________ The deductible represents the amount of damage your covered property must incur before the earthquake insurance coverage begins. If your covered loss is less than the applicable deductible, you may not receive any payment. Contact your insurance agent or your insurance company to obtain details regarding this offer of earthquake insurance and other coverage options.â (2) If the offer is made by a participating insurer as defined by Section 10089.5, the offer of earthquake coverage shall contain all of the following language in at least 10-point boldface type: âYour residential property insurance policy does not cover earthquake damage to your home or its contents. To cover earthquake damage to your home and its contents you need to purchase a separate earthquake insurance policy. The coverage provided by an earthquake insurance policy is different from, and typically more limited than, the coverage provided by your residential property insurance policy. California law requires insurance companies to offer earthquake insurance in conjunction with a residential property insurance policy. If you do not accept the offer of earthquake insurance below within 30 days of the mailing of this notice, your insurance company shall presume that you have not accepted this offer of earthquake insurance. You may purchase earthquake insurance coverage on the following terms: (A) Amount of Dwelling/Building Coverage Limit: _______________ (B) Deductible: ______________ (C) Contents Coverage Limit: _______________ (D) Additional Living Expenses Coverage Limit: _____________ (E) Estimated Annual Premium:_______________ The deductible represents the amount of damage your covered property must incur before the earthquake insurance coverage begins. If your covered loss is less than the applicable deductible, you may not receive any payment. If you choose not to accept this offer within the 30-day period, you may apply for earthquake coverage at a later date. Your insurance company contracts with the California Earthquake Authority (CEA) to offer earthquake insurance to its customers. For an additional premium, you can choose CEA coverage options such as higher limits for Contents or Additional Living Expenses, increased building code upgrade limits, or a lower deductible. You can also choose to buy certain CEA coverages separately. Contact
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