Q: CEA's Financial Strength (FAQ)
CEA has more than in claim-paying ability . CEA could cover all its claims if the 1906 San Francisco, 1989 Loma Prieta or 1994 Northridge earthquake reoccurred today. CEA's financial strength has been rated as B++ (Good) since 2023 by A.M. Best Co., the world's oldest and most authoritative rating agency of insurance companies.
Q: As a mobilehome owner, am I eligible for a retrofit discount? (FAQ)
A. You may receive a 21% discount on your CEA earthquake insurance premium if your mobilehome: Has been reinforced by an earthquake-resistant bracing system certified by the California Department of Housing and Community Development (HCD), or Has been installed on an approved foundation system in accordance with subdivisions (a) or (b) of section 18551 of the California Health and Safety Code. Learn more about premium discounts…
Q: How do I Qualify for a Discounted Premium? (FAQ)
A. A seismic retrofit involves strengthening your home’s foundation to make it more resistant to shaking. CEA offers earthquake home insurance premium discounts (up to 25%) for older houses that have been retrofitted to better withstand earthquakes. Mobilehomes that have already been certified with an earthquake-resistant bracing system may be eligible for a 21% discount . Grants to help pay for a house retrofit are available…
Q: How much does a CEA renters policy cost? (FAQ)
A. A CEA renters policy could cost as little as $35 per year. Of course, the cost of your policy depends on factors such as the earthquake risk where you live and the coverages and deductibles you choose. CEA offers coverage and limit choices as well as more deductible options to help you find a policy that best meets your needs and budget. Use our CEA Premium Calculator Premium Calculator to estimate the cost of your earthquake …
Q: Is CEA a state agency? (FAQ)
A. No. CEA is a public instrumentality of the state. An instrumentality is an organization created by state law and operated for public purposes. CEA is a not-for-profit and receives no funding from the State of California, whether for operations or claim liabilities, and is not a part of the state budget. CEA Financial Strength CEA is financed solely through insurer contributions, policyholder premiums, and its own investment…
Advisory Panel for California Earthquake Authority (CEA) (Web Page)
To ensure our earthquake insurance policyholders are receiving the best product on the market, California Earthquake Authority (CEA) receives guidance and support from an 11-member Advisory Panel, made up of: Property insurers, Insurance agents, and Public members. CEA Advisory Panel members are appointed for four-year terms, and advise the CEA Governing Board on important matters that affect our customers: Basic insurance-coverage issues.…
The Mosers - Earthquake Brace + Bolt (Video)
Protect your investment by purchasing earthquake insurance and retrofitting their house through the Earthquake Brace + Bolt program. The Mosers live in South Berkeley, and they wanted to be sure they protected their investment by purchasing earthquake insurance and retrofitting their house through the Earthquake Brace + Bolt program.
Contact California Earthquake Authority CEA (Web Page)
If you have a question about your CEA insurance policy, need billing or payment help, or are interested in purchasing a policy, the fastest way to get support is to contact your insurance company or agent. CEA policies are sold and serviced by these insurance providers. Please contact your agent or your insurance company representative. See our Participating Residential Insurers contact information.
California Earthquake Authority Marks 20 Years of Operation (Web Page)
(SACRAMENTO) The California Earthquake Authority (CEA), the country’s leading provider of residential earthquake insurance, celebrates its 20th anniversary this week. California established CEA in 1996 to address a home-insurance market crisis. The 1994 Northridge earthquake caused huge and unexpected earthquake losses and rattled the insurance industry. In the months following the quake, insurers began refusing to write new California…
Yesterday's earthquake in Borrego Springs delivers preparedness reminder; California Earthquake Authority (CEA) offers strength to rebuild (Web Page)
SACRAMENTO – Though the California Earthquake Authority (CEA) estimates that only 21,865 of its policyholders in the immediate area may have felt shaking from yesterday's 5.4-magnitude quake near Borrego Springs, the event serves as yet another reminder to make earthquake preparedness a top priority in California. "California is home to about two-thirds of the nation's earthquake risk, with about 2,000 known faults throughout the state,"…