Earthquake Coverage Explained

Earthquake Coverage Explained

Earthquake Coverage def: Typically excluded (along with another earth movement) from most basic property insurance policies, except ensuing fire. In many cases, earthquake coverage must be purchased by endorsement , but is typically included in an “all risks” policy. Normally, the coverage provided is subject to a per-occurrence sublimit, an annual aggregate limit, and a separate deductible.

Commercial Property Insurance Def:

A commercial property insurance policy is for businesses and other organizations that insures against damage to their buildings and contents due to a covered cause of loss, such as a fire, flood, earthquake, tornado & wind. The policy may also cover loss of income or increases in expenses that result from the property damage. Commercial property insurance policies may be written on named peril or all-perils basis.

What’s The Difference Between Named Perils & All Perils Commercial Property Insurance?

Named Perils – is a commercial property insurance term referring to policies that provide coverage only for loss caused by the perils specifically listed as covered.


All Perils or All Risk- is a commercial property insurance term referring to coverage arising from any fortuitous cause except those that are specifically excluded.

To learn more about what is covered and excluded under your organizations property insurance speak to ALIGNED Insurance Advocate.

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