The California Earthquake Authority (CEA) has rolled out new options to help make earthquake insurance more affordable and convenient for state residents.
The Sacramento-based CEA is a not-for-profit earthquake insurance provider and writes 75% of the residential earthquake-insurance policies in California.
"Many Californians have mixed feelings about earthquake insurance — scientists tell them there's earthquake risk, but they are concerned that coverage may be too expensive or come with a deductible that's too high," said Glenn Pomeroy, the authority's CEO. "Now is the time to take another look, because with lower rates and more options, Californians can choose a policy to meet their needs and budget — it is no longer a 'one size fits all' proposition."
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