What to know
Your homeowners insurance most likely does not coverage earthquake. You will need a separate earthquake policy.
If you have homeowners insurance in California, your insurance company must offer to sell you earthquake insurance every year or every other year
What does it cover?
The home structure–if purchasing through the California Earthquake Authority (CEA), the dwelling coverage will match its corresponding homeowners or rental property policy. The deductibles are a percentage, ranging from 5% to 25%.
Personal property–coverage for your furniture and belongings. CEA limits start at $5,000 and go up to $200,000.
Additional living expenses–covers temporary and extra costs to live somewhere else while your area is evacuated or your home is repaired. CEA limits range from $1,500 to $100,000.
Earthquake insurance does have limitations. The purpose of earthquake insurance is to help put a roof back over your head, but it does not replace everything you lost.
What if I rent? Or own a condo unit?
If you rent, earthquake insurance will cover your belongings and will pay some additional living expenses while the rented home is being repaired.
For a condo unit, earthquake insurance will cover your belongings and will pay some additional living expenses. The building will likely need to have it's own earthquake insurance.
Stand-alone earthquake insurance
If your homeowners insurance company does not work with CEA, you must purchase from stand-alone or monoline earthquake insurance companies.