Jumpstart is a new approach to earthquake insurance for small businesses in California. We pay our customers a lump-sum immediately after a large earthquake, and the money can be used as-needed for recovery, whether or not there is physical damage. Your business can be more financially prepared for an earthquake with a Jumpstart policy.
Don’t be a statistic! 40% of businesses do not reopen after a natural disaster and another 25% fail within one year, according to the Federal Emergency Management Agency (FEMA). And yet small businesses employ 50% of Americans – they’re the lifeblood and backbone of our communities.
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Jumpstart is unique type of earthquake insurance in California. We pay our customers a lump-sum immediately after a large earthquake, to be used as-needed for recovery, whether or not there is physical damage. Your nonprofit can be more financially prepared for an earthquake with a Jumpstart policy – purchased or donated.
Some individuals buy a Jumpstart policy as a donation to a school PTA or other nonprofit organization. This means the organization will receive $10,000 immediately after an earthquake. Many schools or nonprofits may be in the unique position of offering post-disaster aid or assistance. With an extra $10,000 available, there will be less need for the organization to dip into its operating budget.
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Jumpstart is first-of-its-kind earthquake insurance for HOAs in California. We pay lump-sum funds immediately after an earthquake with no deductible. Money can be used as-needed for recovery in individual units and/or shared common areas.
Condominium residents are in the unique position of relying on each other after an earthquake. Your speed of disaster recovery is intertwined with the actions of other residents. Earthquake damage in each condo unit is often similar across units, and earthquake damage in common areas can affect the entire building or complex.
Your HOA can be more financially prepared for an earthquake and minimize assessments to unit owners with Jumpstart. Continue reading “Jumpstart Earthquake Insurance for HOAs”
The “Big One” hits California. You treated your injuries, and you made it home to your family and friends. Now what? When will life go back to normal? How long before help comes? How long will the recovery take?
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What can we expect in the aftermath of a major earthquake in California? After a major earthquake (Magnitude 7.0-8.0+), there will be chaos and disruption. Read on to get some answers before the next “Big One” hits.
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