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Earthquake Insurance ... am I nuts or am I missing something
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59GS
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Join Date: Nov 2006
Location: Mid-coast Cali
Posts: 61
Drcoastline
The 15 million which is our initial obligation is labeled Retention. Oncce that is dealt with THEN we have a 5% deductible, then they pay their 5 mil coverage.
This is California.
We owe them 25% of the premium if we cancel the policy.
01-31-2011, 11:55 AM
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