Residential Earthquake
Carrier
"A" (XV) rated carrier by A.M. Best Company
States
CA - Admitted
Product Info
Arrowhead's Residential Earthquake insurance program is designed to provide better earthquake insurance options for California home and condominium owners. Since the Northridge earthquake of 1994, Insurance companies have greatly restricted the types of policies they are willing to offer and, in many cases, raised the premiums too. This has created a void in the marketplace for reasonably priced, high quality insurance products.
The Arrowhead Residential Earthquake Insurance program delivers insurance products with broader coverages, higher limits and lower deductibles. The rates are competitive depending on the location of the risk and age of the dwelling.
In addition to high quality products, Arrowhead provides the "ease of doing business" considerations producers need to get the job done quickly and accurately. Quoting and submitting applications can be easily accomplished online through Arrowhead Exchange. Direct billing with either a full-pay or three-pay option provides the simplicity and convenience producers and clients need. In addition, payments can be made by personal check, VISA or MasterCard.
Target Markets:
Newer structures or those that have been retrofitted and built on flat or gently sloping lots with slab or raised concrete foundations.
Commissions:
10% commission new and renewal
Earthquake Products
| Superior EQ Policy | Standard EQ Policy | Condo EQ Policy | |
|---|---|---|---|
| Dwelling | Select Dwelling Limit | Select Dwelling Limit | $25,000 |
| Other Structures | 10% | N/A | N/A |
| Contents | 50% | $5,000 | Select Contents Limit |
| Loss of Use | 20% up to $25,000 | $1,500 | $2,500 |
| Loss Assessments | $10,000 | N/A | $5,000 |
| Deductible | 10% or 15% | 15% | 10% |
Eligibility Highlights:
- Dwellings: $75,000 minimum to $5,000,000 maximum (Except LA County; maximum is $2 million) dwelling replacement limit
- Condominiums: $25,000 minimum to $500,000 maximum contents limit
- Any age for dwellings is acceptable provided older homes have proof of retrofitting; Condo must be built 1960 and newer.
Special Coverage Endorsement Available:
Superior EQ Plus Endorsement
- Increases sublimits for swimming pools
- Increases Loss of Use up to $100,000
This product is available on Arrowhead Exchange
Arrowhead Exchange is our secure online portal where producers can quote and submit new business and service existing policies. This easy-to-use online facility helps streamline new business and post-sale tasks.
Click here to learn more about the benefits of Arrowhead Exchange.
| Commercial Division | Personal Division | Specialty Division |
|---|---|---|
