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New California earthquake bill promises lower rates and more coverage

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Written on:March 20, 2011
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New California earthquake bill promises lower rates and more coverage

After seeing earthquakes rip through Japan and New Zealand, California is now being eyeballed as many realize how under-insured residents truly are. A new bill backed by California senators, Barbara Boxer and Dianne Feinstein, is promising high insurance premiums to be cut by 30% and a reduction of large deductibles for homeowners – without having to come out of the tax-payers pocket.     The bill proposes that the California Earthquake Authority,…

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