Earthquake loss assessment coverage
Loss assessment coverage pays the unit owner's share of an HOA special assessment levied after an earthquake event. If the HOA's master earthquake policy is exhausted, has a large deductible, or doesn't cover earthquake at all, the association may assess owners directly — sometimes for hundreds of thousands of dollars on older buildings. Loss assessment coverage is often the most overlooked protection for condo owners.
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:
- HOA master policy details: does it cover earthquake? What is the deductible?
- Association's reserve fund status and earthquake deductible exposure
- Requested loss assessment sublimit — often $25,000–$100,000 or more
- Building construction type, year built, and soft-story classification
- Unit-owner's individual dwelling and contents limits
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.