This coverage applies to the condo interior or "Studs-In" structure.
DWELLINGS or TOWN HOUSES:
This coverage applies to the homes exterior and interior structures.
How Do We Determine Your Structure Limit:
We start with the FIRE policy structure amount...
Next, we add 25% to provide extra funds to deal with unexpected costs.
Don't get stuck with a quake mess!
Your policy provides direct quake damage, structure clean up money.
(Demolition and some engineering services may be covered)
Don't Become Homeless After a Quake!
If your quake damaged home can't be occupied, your Palomar qualified claim, will provide funds to help you set up emergency + long term housing.
Don't get stuck, with a lack of cash flow from your rental properties:
If your rental property suffers direct quake damage, and your tenant needs to evacuate, your quake policy, will cover the "Loss of rental income" as you wait to repair the home for occupancy.
Go Shopping to Replace Damaged Property!
If your homes direct quake damage, results in personal property damage, your quake policy, will likely pay to replace any, or all of the damaged items.
( Replacement value provided! )
Palomar's Condo Policy rises above the industry standard, by providing generous benefits (up to $100,000 for loss assessments) to help you pay off any earthquake related HOA assessment fees, that are charged directly to you, in relation to exterior structures or common areas.
Don't settle for less:
If you compare Palomar's EQ policy with other carriers, we are confident you will be amazed by the generous benefits provided by Palomar to help you recover from a quake, and also save thousands with their low deductibles
Call Troy Noland for a complimentary consultation. (503) 297- 4811
When it comes to your HOA's, "Master Policy Quake Coverage", please don't assume, your community's insurance carrier, will be obligated to clean up and rebuild your exterior structures. It all depends upon the HOA's reserves and the unit owners ability to pay their share of the huge master policy deductible.
EQ DEDUCTIBLES SLOW the RECOVERY
Any quake repairs that fall under the deductible amount, must be paid by the community, yet, if there isn't enough reserve or loss assessment revenue to pay this expense, you and your neighbors, could become "Stuck" with severely damaged structures, and dangerous piles of quake debris.
Palomar's Quake Policy, Can Fill the "Quake Deductible Gaps":
Palomar's Quake Policy, can help each condo owner "Pay their quake deductible obligation", by simply investing in an affordable unit owners quake policy, that provides up to $100,000 towards individual EQ loss assessments.
Imagine, after a major quake, if many of your community structures were damaged, and most of the condo owners did not own a "Unit Owner - Quake Policy" ?
Could most owners afford to pay for:
We encourage property managers to clarify how much each owner will have to pay towards the "Master Policy EQ Deductible" AND towards their own, interior structure repairs.
This detailed "quake liabilty information" can help owners prepare, by purchasing a quake policy that will preserve their savings and quality of life.
To help everyone in your community, prepare for a quake, The Noland Agency is happy to provide, "Sample EQ Quotes", for every FLOOR PLAN in your community.
The Noland Agency provides high benefit limits such as:
Premiums typically range from $150 to $375 per year
YOU DON'T HAVE to REBUILD
If your HOA can't afford to rebuild your exterior structure in a timely manner, or the burden to repair the entire community, is cost prohibitive, those with a Palomar Policy, may be eligible to receive a claim payment, based upon your "Interior" structures, "Depreciated Value" rather than the higher "Replacement Value".
You can use the claim payment as you choose, to purchase another home, invest or save.
YOU CAN, "CHANGE YOUR MIND" and Return to REBUILD!
Within 365 days, you can renegotiate your claim to rebuild, and receive the full "Replacement Value Payout".