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Earthquake & Flood Insurance

Community associations in the Pacific Northwest face unique environmental risks, particularly from earthquakes and flooding. These catastrophic events can cause significant structural damage and financial strain, making specialized insurance coverage an essential component of a comprehensive risk management strategy. Standard property insurance policies typically do not include protection for earthquake or flood-related losses, requiring associations to secure this coverage through endorsements or separate policies.

Understanding how these coverages work—and the deductibles associated with them—is critical for both boards and unit owners. Proper planning ensures that communities have the financial resources necessary to recover and rebuild following a major disaster while minimizing unexpected financial burdens on homeowners.

Earthquake Insurance

Earthquake Insurance provides protection for community associations against damage resulting from seismic activity, including ground shaking, aftershocks, and related structural impacts. In the Pacific Northwest, the potential for significant seismic events, such as those associated with the Cascadia Subduction Zone, makes this coverage particularly important.

Because earthquake coverage is generally excluded from standard property insurance policies, associations must obtain it either through an endorsement to their existing policy or by purchasing a standalone earthquake policy. Coverage typically includes damage to buildings and common elements and may be extended to include certain associated costs, such as debris

Customized Solutions

We understand that each association is unique, with its own set of needs and challenges. That’s why we conduct thorough assessments to tailor our solutions to the specific requirements of your community. We take the time to educate both the Board and owners on complex insurance topics, empowering them to make informed decisions and participating in sustainable efforts to support the community.

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Frequently Asked Questions

No. Earthquake damage is typically excluded from standard property insurance policies. Associations must obtain coverage through a specific endorsement or by purchasing a standalone earthquake insurance policy.

Earthquake deductibles are usually expressed as a percentage of the insured value of the property, often ranging from 5% to 20%. This means the out-of-pocket cost can be substantial and should be carefully considered during financial planning.

Flood insurance generally covers damage caused by rising water from events such as heavy rainfall, overflowing rivers, storm surges, or rapid snowmelt. Coverage typically applies to buildings and common elements, while personal property may require separate coverage by unit owners.

Yes. Unit owners can often obtain earthquake or flood coverage through endorsements to their HO-6 policies or by purchasing standalone policies. These policies may also include loss assessment coverage to help pay their share of the association’s deductible.

These coverages provide essential financial protection against catastrophic events that are not included in standard property policies. Without them, associations and unit owners could face significant out-of-pocket expenses and special assessments following a major disaster.

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