California Earthquake Insurance becoming more affordable

With less than half of California homeowners opting not to get earthquake insurance due to the cost and high deductibles, The California Earthquake Authority (“CEA”) is aiming to change that beginning in January. The CEA will be offering more coverage choices, more deductible options (5% to 25%) and more affordable rates.  The average reduction in rates will be about 10% with up to a 20% discount to those that have had a verifiable earthquake retrofit on a home built prior to 1979. For more information check out the CEA web-site.