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Protection Against The Next California Earthquake
It is undoubtedly a matter of when the next California quake will arrive, not if. Are you protected and prepared for the next earthquake our beautiful state will experience? As the board member of a condominium complex, it is important that you hold the necessary insurance coverage to provide your individual condo owners with peace of mind and confidence. As a board member of a California condo association, it is imperative that you hold earthquake insurance to safeguard both your investment and the investment of your owners.
Many individuals looking to purchase a condo will ask the condo association about their earthquake coverage. This is due to the complex and unique nature of condo associations and shared premises. For example, if the condo association does not hold earthquake insurance but the owner on the third floor of the complex does have adequate coverage, a gap in coverage may arise if the owner on the second floor does not have earthquake insurance. This is because the owner on the third flood cannot effectively utilize their coverage due to the inability for the second floor, the foundation, to be properly fixed.
To ensure both yours and your tenants’ investment is adequately protected, you must obtain condo earthquake insurance. This will allow you to receive the upper hand amongst your competitors while providing your tenants with ultimate peace of mind and confidence.
If you are lacking earthquake insurance, it is time to seek the protection you deserve. If you already have this vital form of coverage, it is important to note that the majority of earthquake insurance policies are filled with pitfalls that many insurance agents aren’t even aware of. Scott Litman’s law degree and 24+ years of insurance experience make our agency capable of identifying those coverage gaps so that we can provide you with viable insurance solutions. Contact Scott Litman Insurance Agency in Woodland Hills for all of your California condo earthquake insurance needs.