GeoVera 2022 Earthquake and Home Insurance Review – Forbes Advisor

GeoVera offers earthquake, homeowners, wind, flood, residential landlord and vacant home insurance.

GeoVera Earthquake Insurance

Earthquake insurance covers earthquake damage to your home and personal property. Standard homeowner’s policies do not cover earthquakes. However, indirect damage from an earthquake—such as a fire that caused an earthquake—is generally covered by homeowners insurance.

Your home, belongings, and outside structures (such as fences) may have their own earthquake deductibles if you file an insurance claim. At GeoVera, discounts depend on the type of earthquake coverage and where your home is located.

Earthquake insurance is offered by GeoVera to homeowners in:

GeoVera’s earthquake deductibles for California homeowners range from 2.5% to 25%. For California homeowners, GeoVera’s minimum earthquake coverage limit is $100,000 and the maximum is $5 million.

Meanwhile, in Oregon, GeoVera’s earthquake coverage limits range from $100,000 to $1.5 million.

Here is an overview of the features offered in GeoVera earthquake protection plans: Flex Limits, Single Limit and Split Limit.

Types of GeoVera earthquake policies

Connected: Guide to earthquake insurance

GeoVera Homeowners Insurance

GeoVera offers homeowners insurance in five states:

Here are the standard types of homeowners coverage for GeoVera policyholders:

  • Covering the apartment: Your home cover pays for damage to your home’s structure and attached functions.
  • Covering other structures: This pays for damage to structures not attached to your home, such as a fence or detached garage, if it is damaged by an incident listed on your policy.
  • Personal property coverage: Pays to repair or replace personal items inside your home if they are stolen or damaged by a problem listed in the policy.
  • Liability insurance: Personal liability home insurance pays if you or a family member is held legally liable for injury or damage to someone else’s property. It also covers your attorney’s fees if you are sued.
  • Covering additional living expenses: Also called loss of use insurance, this pays for your extra costs, such as hotel bills, which you incur when you are unable to live in the home while the damage is being repaired.

GeoVera flood insurance

Standard homeowners insurance policies do not cover flood damage.

GeoVera flood insurance, offered by Hiscox FloodPlus through GeoVera Advantage Insurance Services Inc., is available to homeowners in:

  • Alabama
  • Florida
  • Louisiana
  • South Carolina

GeoVera’s flood insurance coverage covers your home, attached structures and personal belongings. In addition, it covers additional living expenses, such as hotel bills, that you pay while your home’s flood damage is being repaired.

Here are other key features of GeoVera flood insurance:

  • You can have a policy in effect after a seven-day waiting period, compared to other companies that require a 30-day waiting period.
  • Coverage is available for secondary, freehold and tenant-occupied homes.
  • It has higher coverage limits than some other flood insurance policies.

Connected: Guide to flood insurance

GeoVera Wind Insurance

GeoVera wind insurance is available in:

  • Alabama
  • Florida
  • Louisiana
  • South Carolina

It covers wind and hail damage to your home’s structure and attached functions, as well as detached structures, personal effects and additional living expenses (such as hotel bills accrued during home repairs).

Homeowners insurance policies generally cover wind damage, but in some hurricane-prone regions, such as certain coastal areas of Texas, homeowners may need to purchase separate windstorm insurance .

Connected: Hurricane Discounts On Homeowners Insurance

Special coverage of GeoVera

GeoVera also offers residential landlord insurance in:

  • Alabama
  • Florida
  • Louisiana
  • South Carolina

Vacant home insurance is available in Florida and Louisiana.

GeoVera’s residential owner’s insurance covers losses caused by rental property owners. This coverage includes the dwelling and attached features, personal effects, loss of rental income during covered repairs, and liability arising from injuries and property damage you accidentally cause and affect visitors.

Vacant home insurance coverage can be paired with GeoVera homeowners or wind insurance. This coverage, designed for temporarily vacant rental homes, applies to the dwelling and attached features, unattached structures and personal effects.

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