Picture this scenario: a large earthquake just hit! Thankfully, you had Jumpstart insurance. After the earthquake, you received a text message from us, you replied to confirm you have expenses resulting from the quake, and $10,000 was deposited into your account. Our Jumpstart insurance claims process is simple and effective. Here is a deep dive into our payout process!
Congratulations…you just purchased your Jumpstart policy! You have taken a proactive step to be financially prepared when the next large earthquake hits California. While you can rest easy knowing you have secured your first line of defense against earthquakes, maybe you still have questions about your policy. This post is for you!
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.
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.
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”