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Earthquake Insurance
Earthquake insurance is a form of property insurance that covers the holder of the policy for damages that are caused in the event of an earthquake. Southern California is no stranger to the risk it faces from earthquakes. It has been predicted that “California has more than a 99% chance of having a magnitude 6.7 or larger earthquake within the next 30 years” (Science Daily, April 15 2008). So, if you are a resident of SoCal, not having earthquake insurance means that you take on 100% of the risk on yourself! If you live in an area that is seismically active, have equity in your home and can’t think of shelling out the cost of rebuilding it on your own, having earthquake insurance makes financial sense.
Did you know that, contrary to popular belief, a typical residential insurance policy does not double up as an earthquake insurance policy too? In case of a disaster are you going to depend on government disaster relief programs that are very limited and may cover only a fraction of the rebuilding cost? What you need to get for yourself is an earthquake "mini-policy" which aims at protecting a policy holder's dwelling. It helps avoid catastrophic losses and at the same time the premiums are kept affordable for more consumers.
At Berg Insurance, we understand that questions related to insurance may not always be easy to answer. And that’s where we come in. Professionals with long standing experience in the field of insurance will help you understand all aspects of earthquake insurance and stay with you till you make the best choice for yourself. Feel free to get in touch with us at our toll free number 800-989-7990 and remember, whatever your queries, you can be assured that we will have the right answers for you.
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July 16th, CAI-GRIE Billiards Tournament
SEE PHOTOS
July 28-30, CACM Expo
Disneyland Convention Center
Who to look for? - Michael Berg, Kimberly Lilley and Marianne Pick
August 6th, CAI-GRIE Bowling Tournament
4:30 pm - Brunswick Classic Lanes
1800 Hamner Avenue, Norco, CA 92860
Who to look for? - Michael Berg, Kimberly Lilley and Marianne Pick
August 10th, CAI-GRIE Luncheon
11:00 am - Riverside Convention Center
3443 Orange Street, Riverside, CA 92501
Who to look for? Kimberly Lilley and Marianne Pick
August 12th, CAI-OC Luncheon
11:30 am - Irvine Marriott
18000 Von Karman Ave., Irvine, CA 92612
Who to look for? Michael Berg, Kimberly Lilley and Marianne Pick
August 16th, CAI-GLAC Golf Tournament
8:00 am - Braemar Country Club
4001 Reseda Blvd., Tarzana, CA 91357
Who to look for? Michael Berg
August 25th, CAI-GLAC Luncheon
11:30 am - Skirball Center
2701 North Sepulveda Boulevard, LA, CA 90049
Who to look for? - Kimberly Lilley
August 27th, CAI-SD Luncheon
11:00 am - DoubleTree Mission Valley
7450 Hazard Center Drive, San Diego, CA 92108
Who to look for? - Michael Berg and Kimberly Lilley
September 10, CAI-SD Morning Program
8:30 am, Courtyard by Marriott
8651 Spectrum Center Blvd San Diego, California 92123
Who to look for? - Kimberly Lilley
BERG PHOTO GALLERY
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Common Interest Developments
There has been some discussion of revised Fannie Mae guidelines with respect to community associations. This discussion has brought confusion, and I hope to provide some clarity to the issue.
Fannie Mae presented Announcement 08-34 on December 16, 2008 titled “Project Eligibility Review Service and Changes to Condominium and Cooperative Project Policies.” Among the many items included in this Announcement are general policy changes regarding project eligibility requirements, and condominium association project insurance clarifications. More…
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