Clients often ask if I personally carry earthquake insurance and the answer is a resounding YES! I’ve seen the losses, emotional and financial, that earthquakes cause. I sincerely believe that reimbursement from an earthquake policy may mean the difference between despair and hope for many families after the “big one.”
Relying on the government to declare a disaster area and providing the finances to assist me with rebuilding my family’s life just doesn’t seem like a good idea.
I am thankful that I have a financially strong and viable insurance solution that will allow families to re-establish their lives as quickly and completely as possible after a disaster.
Earthquakes can strike anywhere, anytime, and without prior warning – and your best bet is to make sure that you and your family are prepared in case an earthquake happens.
Disaster preparedness starts with education:
- Make sure that your family, and especially your children, know where to go should an earthquake occur. The best bet may be to “Duck and Cover” under a sturdy, heavy piece of furniture.
- Be patient and wait in your hiding place for several minutes after an earthquake, since aftershocks may occur.
- Teach your children that it’s OK to stay at school or daycare, after an earthquake strikes, and that you will pick them up as soon as it’s safe.
- Have one or more disaster kits ready in your home, car, and in a safe place outside your home. To learn what should be included, visit www.fema.gov or www.ready.gov.
- In your home, securely fasten shelves and furniture to walls, store large or heavy things on lower shelves, and learn how to turn off gas and water lines if necessary. (To turn your gas line back on, you need to contact the responsible
authority.) - Make sure your home is bolted to the foundation. If it isn’t this may cause even more damage to your house in the event of a quake. Call us for more information on how to get your home prepared for an earthquake.
- Keep in mind that a standard homeowners policy does NOT cover any damage caused by an Earthquake. If you would like to insure your home for earthquake damage, we can help! We offer unique stand‐alone earthquake insurance coverage that supplements your homeowners policy.
The more your assets grow, the higher your liability risks are. No matter how well you’ve covered your bases, sometimes things go wrong. A car accident. A guest who slips and falls on your property. A lawsuit. If you don’t have the right coverage, an unfortunate situation can compromise your financial security and put your personal assets at risk.
An excess policy responds when the underlying liability limits of your other policies, such as home and auto, aren’t enough to cover the unexpected costs of a lawsuit or accident.
It is important to note that most Canadian insurance policies carry on average $1,000,000 of liability coverage. This limit can quickly become quickly exhausted and is very frequently limited to North America. The Group Personal Excess policy provided by Chubb Insurance provides up to $5M of worldwide coverage which extends to all dependent member of your house hold and also provides coverage for foreign owned assets.*
* Territorial restrictions apply: Sudan, North Korea, Iran, Cuba, Syria
Personal Liability (Homeowners) for bodily injury and property damage in the minimum amount of $1,000,000 per each occurrence.
Registered and unregistered vehicles in the minimum amount of $1,000,000/$1,000,000 bodily injury and $1,000,000 property damage; or $1,000,000 single limit per each occurrence. Registered vehicles include motorcycles and motorhomes.
Uninsured and underinsured motorist protection in the minimum amounts of $1,000,000 per each occurrence. This requirement does not apply to the provinces of Quebec or Manitoba.
Watercraft less than 8 metres (26feet) and 50 engine rated horsepower or less for bodily injury and property damage in the minimum amount of $100,000 per each occurrence.
Watercraft 8 metres (26 feet) or longer or more than 50 engine rate horsepower for bodily injury and property damage in the minimum amount of $500,000 per each occurrence.
*The above liability limits must be in USD if the asset is located in the United States.
Each participant is covered for a $5 million limit of liability, and there is no annual aggregate on the policy.
Your Chubb Group personal Excess Liability coverage provides worldwide automobile rental coverage (subject to a few territorial restrictions), for up to 60 days. You can rent a car while on vacation and have coverage for personal injury and property damage without buying the additional insurance.
Yes. At the time of writing this (November 1, 2017) you would not be covered in Iran, North Korea, Syria, Cuba and Sudan. Please check with us for any changes to these territorial restrictions.
What do I do if there is an accident?
Please contact Colley Insurance at 1-888-824-0445 as soon as possible, so we can help you through the claim process.
Need any help!
Office: 519-824-4040
Toll-Free: 888-824-0445
Fax: 519-763-6839
customerservice@tgcolley.com
1 - 34 Harvard Road Guelph,
ON N1G 4V8
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