Recent California Earthquakes

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Discover How Our Earthquake Insurance Products Work

Accurate Replacement Cost + Demand Surge = Your Coverage for Earthquake Insurance

We like to keep things simple. Whether it is how we calculate your coverage or how a deductible works for our single limit policy, we are always happy to help fill in the gaps for you.

Single Limit Policies

Rather than individual limits for dwelling, contents, loss of use, and other structures—as so many typical homeowner’s policies have—GeoVera Insurance provides a single limit of coverage. A single limit policy means greater flexibility at the time of loss by allowing you to use your coverage as you need it most! Refer to the following infographic to compare GeoVera Insurance Company’s single limit on a Comprehensive policy to a typical homeowner’s policy.


Provides one combined limit for all coverages.


Coverage A


Coverage B

Other Structures

Coverage C

Personal Property

Coverage D

Loss of Use

Coverage options

Comprehensive Coverage: GeoVera Insurance Company’s comprehensive earthquake insurance policy offers broad protection for your dwelling, other structures, personal property, and additional living expenses. Our comprehensive earthquake insurance policy comes with a 10% deductible in most areas—lower than most deductibles offered by other earthquake policy carriers!

Standard Coverage: GeoVera also offers standard coverage, which is designed to provide protection for the dwelling and limited coverage for your personal possessions and additional living expenses. This policy includes a 15% deductible (10% is available exclusively in Washington and Oregon) and can provide substantial savings in premium when compared to similar earthquake coverage offered by other insurance carriers.

Additional Coverage Options: California homeowners may be eligible for earthquake insurance through Coastal Select Insurance Company, a subsidiary of GeoVera Holdings, Inc. Please contact the Coastal Select Customer Service Department at 1-800-774-1012 if you are interested in obtaining an alternative quote, or visit



Dwelling: In addition to your dwelling, we cover the tile, granite or marble flooring and countertops, wall coverings, stained glass In addition to your dwelling, we cover the tile, granite or marble flooring and countertops, wall coverings, stained glass
Other Structures: Detached garage or other detached structures - including satellite dishes, light posts, BBQ’s, playground equipment, greenhouses No Coverage
Personal Property: Including jewelry, musical instruments, personal computer equipment, sporting goods; $3,000 maximum for fine arts and silverware $5,000 maximum including jewelry, musical instruments, personal computer equipment, sporting goods; $3,000 maximum for fine arts and silverware
Loss of Use: Additional Living Expense/Fair Rental Value - up to 12 months Additional Living Expense/Fair Rental Value - $1,500 maximum
Engineering & Demolition Costs: Up to 5% of the Single Limit of Coverage Up to 5% of the Single Limit of Coverage
Building Code Upgrade: $10,000 $10,000
Loss Assessment: 20% of the Single Limit of Coverage
($50,000 maximum in California)
20% of the Single Limit of Coverage
($50,000 maximum in California)
Debris Removal: Included in the Single Limit of Coverage
(subject to sublimit of 5% in California & Oregon)
Included in the Single Limit of Coverage
(subject to sublimit of 5% in California & Oregon)

Special Limits

Chimneys, fireplaces, masonry veneers: $5,000 $5,000
Swimming pools: $3,000 No Coverage
Fences: $3,000 No Coverage
Retaining Walls: $3,000 No Coverage
Detached Walkways, Patios: $3,000 No Coverage
Paintings, Antiques: $3,000 $3,000


Options: 10%, 15%, 20%, 25%
(10% deductible may not be available in certain areas)
10%, 15%
(10% deductible only available in Washington & Oregon)

how the coverage is calculated


After a large catastrophic event, such as an earthquake or wildfire, many homeowners realize that they do not have sufficient insurance coverage to rebuild their homes. Accurately calculating your replacement costs is crucial to ensuring that you will have the coverage you need for reconstruction after a significant loss. GeoVera Insurance Company uses industry-leading technology to determine accurate replacement costs for the homes that we insure.

The technology we use calculates reconstruction costs by using the interior and exterior characteristics of your home. Once we determine the amount of coverage for the dwelling, we then take time to assess what additional coverage is needed for other structures, contents of your home, and additional living expenses in the event your home is rendered uninhabitable after an earthquake. We place an emphasis on reconstruction because the cost for reconstructing a house after a total loss can be far different than constructing the same house as a new construction. In addition, we also account for the inevitable "demand surge"—a change in the price of materials, labor, and services as demand increases—that occurs after a widespread disaster.

Some factors included in reconstruction costs are:

  • Extra costs for demolition and removal of damaged materials
  • Bringing your home up to current building codes
  • Availability of skilled labor; fewer contractors specialize in reconstruction than new construction
  • Special features and materials often associated with older homes become more costly or are not readily available
  • General Conditions (permits, fees, architect fees, etc.) and General Contractor overhead and profit

Also, GeoVera makes an annual adjustment to the replacement cost value to keep pace with changes in the reconstruction costs in your area.

How the deductible works

GeoVera policy deductibles are calculated as a percentage of the total single limit of coverage. As an example, if the single limit of coverage on your GeoVera residential earthquake policy is $500,000 and your deductible is 10%, your deductible would then be $50,000.

In the event of an earthquake our expert claims adjusters will determine the dollar amount of the covered loss to your home, contents, other structures and factor in loss of use if your home is uninhabitable. Your deductible will be applied to the covered adjusted loss amount. Your deductible does not need to be spent on repairs to your home before your policy pays for your loss. Once the adjusted covered loss amount exceeds the deductible a payment can be made. For example, in our scenario, if the adjuster has determined that you have a covered adjusted loss amount of $300,000 you would be entitled to a loss payment of $250,000.

Deductible Scenario

Single Limit
Deductible Amount

Loss Scenario

Adjusted Loss Amount
Deductible Amount
Amount Paid


Why is the deductible so high? Earthquake insurance is specifically designed to cover large disasters with high losses. Given the evidence, there is a significant probability of a major earthquake in years to come. In order to make the premiums affordable, deductibles are much larger for earthquake coverage. The deductible helps guarantee the ability to provide affordable premiums while still giving you the coverage you need. Smaller claims will typically fall below the deductible, which also helps to keep premiums much lower than they would otherwise be.

The deductible is the amount that is deducted from the overall insured loss. This means that the policyholder does not have to pay any portion of the deductible out-of-pocket before receiving a claim payment.