Guardian Risk Managers is excited to announce the launch of our Strata Corporation Earthquake Deductible Assessment product offering!
Many strata unit owners are unaware of how high the earthquake deductible on their Strata Corporation’s policy can be. In the event of an earthquake, the Strata Corporation’s earthquake deductible is divided among all unit owners. The resulting amount would be assessed to your client and they may not be adequately insured under their own Condominium Unit Owner’s policy. This exciting new product can be purchased to cover the earthquake deductible assessment amount, which will provide your client additional peace of mind and prevent them from being placed in a financially strained position should an earthquake occur.
Benefits of the Strata Corporation Earthquake Deductible Assessment policy:
- Flexibility – your clients can purchase between $25,000 and $100,000 in coverage
- Client’s portion of the Strata Corporation’s earthquake deductible becomes stress free
- Standalone policies available with a simple application
- Clients can buy-down their assessed Strata earthquake deductible to $1,000