Our Comprehensive policy is a unique
insurance product which provides some of the broadest coverage
currently available in the residential earthquake market with
deductibles as low as 10%. The GeoVera Comprehensive policy
provides a combined single limit of coverage for the dwelling;
other structures, such as patios and garages; and personal
property. The Comprehensive policy also pays for additional
living expenses or loss of rent for up to one year in the
event that the dwelling is uninhabitable due to damage caused
by an earthquake.
The full amount of the Comprehensive
policy limit can be used to pay for the following items as
a result of covered damage caused by an earthquake:
Dwelling
The dwelling, including special
features such as stained glass, marble flooring and countertops
Detached Garages or other
structures
Satellite
dishes, greenhouses, and guest cottages
Personal Property
Furniture, home electronics, and personal
computer equipment
Additional Living Expenses
Up to 12 months
The Comprehensive policy also comes with deductibles as low
as 10% (available in some locations). Higher deductibles are
available and can reduce your premium by up to 40%.
Our products also include the following important coverages
at no additional cost:
Debris Removal
GeoVera pays the reasonable expense
for removal of debris of covered property after a loss.
Building Code Upgrade
GeoVera pays up to $10,000 for costs
associated with bringing the dwelling up to current building codes
if the dwelling was in pre-quake code compliance before the loss.
Engineering & Demolition Costs
GeoVera pays the structural engineering
costs to determine the habitability of the dwelling, or the actual
cost of demolition due to structural condemnation. Payment is 5% of
the policy limit.
Loss Assessment
GeoVera pays up to 20% of the policy
limit for assessment by the homeowner's association for earthquake
damage to covered community-owned dwelling property.
Download a sample copy of the GeoVera Comprehensive
Policy:
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