GeoVera Earthquake And Home Insurance Review 2022

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

GeoVera earthquake insurance

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

Your home, property and outbuildings (such as fences) may have earthquake deductibles if you insure them. At GeoVera, discounts depend on the type of earthquake and the location of your home.

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 earthquake mitigation limit is $100,000, and the maximum is $5 million.

In Oregon, meanwhile, GeoVera’s earthquake coverage ranges from $100,000 to $1.5 million.

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

Types of GeoVera seismic data

Related: Guide to Earthquake Insurance

GeoVera Homeowners Insurance

GeoVera offers homeowners insurance in five states:

Here are the standard types of homeowners who have GeoVera policies:

  • Need for housing: Your coverage pays for damage to your home’s structure and other included items.
  • Other structures to cover: This pays for damage to buildings that are not attached to your home, such as a fence or an enclosed garage, if they are damaged by what is listed in your policy.
  • Personal property coverage: Pays for the repair or return of personal items inside your home if they are stolen or damaged by a problem covered by the policy.
  • Liability insurance: Homeowners insurance pays your bills if you or a family member is responsible for injury or damage to someone else’s property. It also covers your attorney’s fees if you are sued.
  • Additional living expenses: Also called loss insurance, this covers your extra expenses, such as hotel bills, that you incur if you are unable to stay at home while the damage is being repaired.

GeoVera flood insurance

Standard homeowner’s insurance does 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
  • Texas

GeoVera flood insurance covers your home, attachments and belongings. In addition, it also includes expenses, such as hotel bills, that you pay while your home’s damage is being repaired.

Here are some highlights of GeoVera flood insurance:

  • You can have a plan after a seven-day waiting period, compared to other companies that require a 30-day waiting period.
  • Protection is available for second homes, both vacant and occupied.
  • They have higher limits than other flood insurances.

Related: Flood Insurance Guide

GeoVera wind insurance

GeoVera wind insurance is offered in:

  • Alabama
  • Florida
  • Louisiana
  • South Carolina
  • Texas

It covers wind and hail damage to your home’s structure and other attachments, as well as detached homes, personal property and additional purchases (such as hotel bills that go awry during home maintenance).

Homeowner’s insurance usually covers wind damage, but in some hurricane-prone areas, such as some coastal areas in Texas, homeowners may need to purchase hurricane insurance.

Related: Hurricane Deductibles In Homeowners Insurance

Special study of GeoVera

GeoVera also offers homeowners insurance in:

  • Alabama
  • Florida
  • Louisiana
  • South Carolina
  • Texas

Vacant home insurance is offered in Florida and Louisiana.

GeoVera homeowner’s insurance covers losses incurred by the owner of the rental property. This coverage includes home and other belongings, personal property, loss of rental income during renovations, and compensation from accidental injuries and property damage that you cause to guests.

Vacant home insurance can be combined with GeoVera homeowners or wind insurance. This coverage, which is designed for short-term rentals, applies to homes and other attached, unattached buildings and personal property.