There is no denying the fact that success of a Time share depends on the hard work of the team but one disaster can wipe out your efforts and bring down the profits to dust. So, to avoid such an instance, you need to insure your business, whether it is a small enterprise or a large corporation. Have you considered earthquake insurance?
“California has more than a 99% chance of having a magnitude 6.7 or larger earthquake within the next 30 years, according scientists using a new model to determine the probability of big quakes. The likelihood of a major quake of magnitude 7.5 or greater in the next 30 years is 46% – and such a quake is most likely to occur in the southern half of the state.” www.sciencedaily.com
Typically, earthquake insurance covers damage to your business, and your personal property. Most policies also cover costs incurred to minimize further damage after the earthquake, plus costs for additional expenses. Deductibles are generally 10-15% of the insured amount.
Our Solutions Include
- Perils: Earthquake and Flood
- Limits up to $50mm available
- M. Best Ratings of “A” or better
- Admitted and Non-Admitted Markets
- Capacity in all 50 states
- Deductibles as low as 5% in California and 2% in other states
We hope you have found this blog educational. At the Armstrong Timeshare Association we strive to keep you informed. To receive more information about our association or to request a topic of interest for us to blog, email: email@example.com
Or Join Our Association now, membership is free!
For information on any insurance need, contact The Armstrong Company Insurance Consultants.
Armstrong Timeshare Association (License #0I72697)