Quake Insurance Rates
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The California Earthquake Authority, which provides most of the state’s earthquake coverage, has proposed to change rates based on new calculations of risk and slightly lower reinsurance costs. Overall, rates would fall by about 4%, but in some areas they would increase by 100% or more. The proposal has been forwarded to the California Department of Insurance for approval. The list of affected ZIP Codes and insurance territories can be found at https://www.latimes.com/HOME/BUSINESS/UPDATES/lat_quake1218.htm. Enter your ZIP Code in the search information provided.
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