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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.

Click on the icons below to learn more.

Home insurance icon

Homeowners

Condo Insurance icon

Condo & Townhouse

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.

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

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.

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.

Home insurance icon

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.

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

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.

Condo Insurance icon

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.

About No Deductible Insurance

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ABOUT US

Johnston Meier Insurance Agencies Group is a locally owned and operated insurance brokerage. We have grown from a single site, established in 1973 in Maple Ridge, BC to over 46 locations throughout metro Vancouver and British Columbia.

Based on the simple principle of putting customers first, we are now one of the largest insurance agencies in the province and still growing. Our team of insurance professionals in both personal and business categories has a reputation for providing best in class service that saves you, our customer both time and money.

When you choose Johnston Meier you can rest assured, knowing that you’re protected against life’s unforeseen circumstances.

Safeguard yourself and the people you care about

finance-iconEasy Payment Options
monthly financing | internet banking | cash or cheque | debit or credit card

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

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

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.

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

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

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

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

Wilf Zemke

For over 15 years Johnston Meier has taken care of our fleet of vehicles. Service is great and the staff are always friendly and helpful.

Joe Fantillo, Fleet Manager, Lordco Parts Ltd.

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.
My Husband and I have been dealing with Johnston Meier for over 20 years. All I can say is every one of the staff at Johnston Meier are amazing; professional, friendly, and knowledgeable, and I'm so glad that's where we get our insurance.

Debbie Hryniuk

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

CONTACT US

If you would like more information before visiting one of our locations, let us know. Someone from the closest 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:

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