Jumpstart Earthquake Insurance for Non-Profits and Schools

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.

What benefits does Jumpstart offer non-profits?

Jumpstart is the first to make parametric insurance widely available in California. Features include:

  • Fast payout
    • Immediate availability of post-disaster funds
  • Flexible use of funds
    • Repair damage to facilities if there is damage
    • Fund post-disaster aid programs 
  • Whether you buy regular quake insurance or not:
    • Jumpstart can be purchased as a stand alone policy. Many organizations decline regular earthquake insurance because of the cost or the high deductible.
    • Jumpstart can be purchased even if the organization already buys earthquake insurance. In this case, Jumpstart can help offset the deductible or pay for expenses not covered by the insurance.
  • Financial robustness:
    • Reduce the chances of dipping into operating budget
    • Reduce the chances of drawing down reserves.
How does our school or nonprofit qualify?

The organization can purchase a policy for themselves or ask a donor to purchase a policy on their behalf. Coverage amounts are either $10,000 or $20,000. This means, after a large earthquake that triggers a payout, the organization would receive either $10,000 or $20,000 right away, to use for any expense attributable to the earthquake.

Policies are held by the organization, and the organization determines how to allocate the funds.

Ridgecrest Earthquake

What else?
  • Our parametric insurance is triggered by transparent public data from the USGS. Payouts occur when shaking intensity exceeds PGV 30 cm/sec, roughly equivalent to the ‘red zone ‘ of the USGS shake map. Read our post here for more information regarding what would trigger a payout event. 
  • Customers in the payout zones are notified the day after the event. Once notified, customer responds with a simple text message to confirm that they have expenses.
  • The full value of the policy is sent right away – Jumpstart has no deductible, claims adjusters, paperwork, or hassles.
  • Jumpstart is available in all ZIP codes of California.
  • Read our FAQs for more information
How can I buy Jumpstart earthquake insurance for my organization?

Organizational policies are not yet available on our website but please call us at 510-891-1753 or email us at [email protected] to purchase a policy or with any questions. Jumpstart is available throughout California.

Jumpstart Insurance Solutions Inc. – Regulated by and in full compliance with the California Department of Insurance Effected with certain Underwriters at Lloyd’s, London