Earthquake insurance for homes over $1 million
High-value homes face two distinct challenges in the earthquake insurance market: deductible restrictions and carrier appetite. Most standard carriers restrict deductible options to 15% or higher for homes above $1M. The dollar amount of a 15% deductible at $1.2M is $180,000 — making the actual deductible protection less useful for moderate events. Specialty markets accessed through independent brokers sometimes offer different terms.
What the Best Earthquake wizard captures
The application documents all the details underwriters look for. Gathering the following before applying produces a stronger submission and faster broker review:
- Dwelling limit: over $1M triggers different deductible availability rules
- Construction and foundation: masonry or unusual configurations narrow the market further
- Year built and retrofit: especially important when specialty markets are needed
- Building code upgrade: high-value homes face substantial BCU exposure in California
- Personal property and ALE: review limits carefully for high-value contents and extended displacement scenarios
From indication to bindable options
The Best Earthquake Insurance application gives a preliminary annual range anchored to CDI data, then submits a completed Covwell application to Bollinsure for broker review. A licensed California broker reviews your construction, retrofit, and loss details and shops multiple carrier markets to find the best available terms.
The indication is not a bindable quote — final coverage is subject to underwriting, carrier eligibility, and policy terms. But starting with a strong, complete application gives the broker the best possible foundation for market submission.
Ready to submit?
The 5-step application wizard takes approximately 5–8 minutes to complete. It walks through property and applicant details, coverage terms and deductible selection, construction and foundation type, retrofit and loss history, and a review-and-sign step where you can preview the completed PDF before submitting.
Your completed application is reviewed by a licensed broker who follows up — often the same business day — with market options and next steps.