No. Western Mutual only offers earthquake coverage in addition to a Homeowners Insurance Policy or our Dwelling Fire Policy. All insurance providers who offer homeowners coverage to California consumers are required by law to make earthquake insurance available as well. The Western Mutual Insurance Group offers a Basic Earthquake Policy, which carries a 15% deductible.
Western Mutual also offers earthquake coverage as an endorsement for its Preferred Homeowners Insurance policyholders in Colorado, Nevada, New Mexico, and Utah.
What is a CEA policy?
In 1996, the California Legislature established the California Earthquake Authority (CEA) as a privately financed, publicly managed entity to help California residents protect themselves against earthquake loss.
The CEA policy is written in an industry "pool" which in the event of a major earthquake is going to rely on a variety of financial resources to compensate insured individuals for losses - bonds, reinsurance, assessments on insurers, as well as premiums from, and assessments against, policyholders. If the amount authorized by the Legislature in creating this CEA pool is not sufficient to pay all losses, policyholders could receive only a pro-rata portion of their loss in the event of a large earthquake.
Western Mutual and Residence Mutual do not participate in the CEA pool. We offer private earthquake insurance to our homeowners policyholders, which is backed, among others, by GMAC RE, an AM Best rated 'EXCELLENT' reinsurance company.
Do you offer other coverages such as auto, life insurance and umbrella?
No. Western Mutual only offers preferred homeowners insurance, dwelling fire insurance, condominium owners insurance, earthquake insurance and flood insurance options. Specializing in only home insurance helps Western Mutual offer lower rates, while maintaining its high quality homeowners' services.
What premium credits do you offer?
Western Mutual offers several premium credits - some of which relate to a new home purchase or its security features.
Does my homeowners policy cover flood?
Homeowners policies do not cover flood damage. If you have homeowners policy with us, you can get a flood quote by calling us directly at 1-800-234-2114.
