Earthquake Insurance in BC

We can reduce your deductible in the event of an earthquake.

Earthquake Insurance in BC

We can reduce your deductible in the event of an earthquake.

Are you prepared in the event of an earthquake?

We can’t predict when the ‘big one’ will hit however, being prepared is critical. This includes ensuring that an earthquake does not create a major financial impact.

Homeowners Earthquake Deductible Buy Down

Your earthquake deductible may be more than you think. It is a percentage of the insured value of your Dwelling, Outbuilding, and Personal Contents limit combined.

The Homeowners Earthquake Deductible Buy-down Policy provides you an affordable deductible for a reasonable premium, removing financial stress and providing you peace of mind.

Earthquake Damage is insurable and therefore not eligible for Disaster Financial Assistance (DFA). Home and business owners should check with their insurance agent to make sure they have appropriate earthquake coverage. To find out more please click here.

For further details, please call or visit a Johnston Meier Insurance office near you.

Example:

INSURED LIMITS

Dwelling

$600,000

Outbuildings

$60,000

Personal Contents

$420,000

Total Earthquake Insurance

$1,080,000

Policy has a 10%* Earthquake deductible of $108,000

Purchase Homeowners Earthquake Deductible Buydown policy to reduce your deductible to $2,500

Premium for Earthquake Deductible Buydown policy approximately $316

*10% deductible may vary by Insurance Company

Condo & Townhouse Earthquake Loss Assessment Coverage

What is it?

Condominium/Townhouse Earthquake Loss Assessment coverage is the amount condo or townhouse unit owners may be assessed by the Strata Corporation in the event of an earthquake.

Residential Condominium/Townhouse buildings may have high earthquake deductibles. The deductible is calculated as a percentage of the building amount of insurance to each condo unit owner based on their entitlement. Therefore, it is important that the condo unit owner ensures the earthquake assessment limit on their own insurance policy is sufficient.

Example:

  • Strata policy insures building for $30,000,000
  • Strata policy earthquake deductible is $3,000,000 (10%*)
  • 30 units/owners in building
  • Each unit owner assessed $100,000**

*10% deductible may vary by Insurance Company
**Assessment could vary depending on unit entitlement

For further details, please call or visit a Johnston Meier Insurance office near you.

What coverage does it provide?

It offers excess coverage to bridge the gap that you may be assessed.

Strata assesses each unit owner $100,000

Your personal condo or townhouse policy covers you for $25,000

Purchase the Condominium/Townhouse Earthquake Loss Assessment policy to bridge the $75,000 gap

The premium for $75,000 excess coverage would be $263

Your earthquake deductible may be more than you think

Homeowners Earthquake Deductible Buy Down

Your earthquake deductible may be more than you think. It is a percentage of the insured value of your Dwelling, Outbuilding, and Personal Contents limit combined.

The Homeowners Earthquake Deductible Buy-down Policy provides you an affordable deductible for a reasonable premium, removing financial stress and providing you peace of mind.

Earthquake Damage is insurable and therefore not eligible for Disaster Financial Assistance (DFA). Home and business owners should check with their insurance agent to make sure they have appropriate earthquake coverage. To find out more please click here.

Example:

INSURED LIMITS

Dwelling

$600,000

Outbuildings

$60,000

Personal Contents

$420,000

Total Earthquake Insurance

$1,080,000

Policy has a 10%* Earthquake deductible of $108,000

Purchase Homeowners Earthquake Deductible Buydown policy to reduce your deductible to $2,500

Premium for Earthquake Deductible Buydown policy approximately $316

*10% deductible may vary by Insurance Company

For further details, please call or visit a Johnston Meier Insurance office near you.

Condo/Townhouse Earthquake Loss Assessment Coverage

What is it?

Condominium/Townhouse Earthquake Loss Assessment coverage is the amount condo or townhouse unit owners may be assessed by the Strata Corporation in the event of an earthquake.

Residential Condominium/Townhouse buildings may have high earthquake deductibles. The deductible is calculated as a percentage of the building amount of insurance to each condo unit owner based on their entitlement. Therefore, it is important that the condo unit owner ensures the earthquake assessment limit on their own insurance policy is sufficient.

Example:

  • Strata policy insures building for $30,000,000
  • Strata policy earthquake deductible is $3,000,000 (10%*)
  • 30 units/owners in building
  • Each unit owner assessed $100,000**

*10% deductible may vary by Insurance Company
**Assessment could vary depending on unit entitlement

What coverage does it provide?

It offers excess coverage to bridge the gap that you may be assessed.

Example:

Strata assesses each unit owner $100,000

Your personal condo or townhouse policy covers you for $25,000

Purchase the Condominium/Townhouse Earthquake Loss Assessment policy to bridge the $75,000 gap

The premium for $75,000 excess coverage would be $263

For further details, please call or visit a Johnston Meier Insurance office near you.

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About No Deductible
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WHAT OUR CUSTOMERS HAVE TO SAY

Five Stars
In all the years of dealing with insurance companies, I have never been treated so exceptionally well before! Shari Kidney made my experience amazing, she was extremely helpful, kind, and professional. She made a normally stressful task, quick and easy. Absolutely excellent customer service, I left the office feeling like I mattered and I highly recommend the Johnston Meier Group! Thank you Shari.

 


 

We've used the Johnston Meier Mobile department since opening Maple Ridge Hyundai. We can always rely on them to provide our customers and staff with quick efficient service and highly recommend them.

Karen Souza

Finance Manager


We've been with Johnston Meier ever since we started our Home Improvement Company. Garrin & his staff always impress with their attention to detail and customer service. Couldn't be happier

GL Installations

 

Johnston Meier Insurance Agencies Group goes the extra mile to ensure their clients are truly taken care of. The staff gives us a lot of personal attention, and we certainly recommend the insurance agency to everyone.

Doug & Yvette Schwartz


 

All the staff at your office always provides the highest standard of performance of any business I deal with.

Wilf Zemke


 

We are delighted with the personalized service you provided us in tailoring our insurance package to our needs and went out of your way to direct us to savings options, including the credit score discount!

Don & Judy Pohl


 

Purchased our Travel Medical from Sue..she was extremely helpful at explaining our options. Then moved our Home Insurance to JM after speaking with Rina. Very professional! Felt that she was clearly acting in our best interest as she reviewed our policy options.

Ted & Linda Voykin


 

We've been with this company over 20 years for business, residential and auto coverage. Trustworthy, top level service year after year from knowledgeable, courteous staff. Absolutely recommend for all types of insurance.

Patti & John Donnelly

Jopa Builders Ltd.

We appreciate Trish's professional expertise & trust her to ensure we have the proper coverage for our needs. Thank you for years of keeping us safe.

Mick & Joyce Godwin


 

I have been through a series of moves including building a new house, furniture in storage, renting for a short period, etc.  Colleen at your Salmon Arm office took care of all the steps along the way, explaining everything and following up as necessary. Thanks!

Irene Rogers

 

Contact Us with Questions or to Request a Quote

If you would like more information before visiting one of our locations, let us know. Someone from the closest insurance office; with the right experience will contact you to help with your questions.

And don’t worry – we won’t use your contact information for anything other than replying to your request.

Connect With Us

  • If you are an existing JMI customer, please provide the following information:

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Contact Us with Questions or to Request a Quote

If you would like more information before visiting one of our locations, let us know. Someone from the closest insurance office; with the right experience will contact you to help with your questions.

And don’t worry – we won’t use your contact information for anything other than replying to your request.

  • If you are an existing JMI customer, please provide the following information:

Connect With Us

Auto  |  Home  |  Business  |  Marine  |  Travel  |  Personal  |  Locations  |  Careers  |  Blog  |  Privacy Policy