Parametric insurance offers immediate coverage to the insured based on a specific trigger. California-based carrier Jumpstart Insurance has begun offering parametric coverage for earthquakes in California, Oregon, and Washington. A copy of the California policy can be found here. The policies are underwritten by Lloyd's, and coverage can be provided to businesses and homeowners. The company provides a lump sum payment to the insured once a claim has been made that can cover a variety of related costs and expenses. We will break our analysis of the Jumpstart policy for California into the following sections:

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