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 is available for businesses and homeowners. The company provides a lump sum payment to the insured once a claim has been made following the triggering event; that payment can cover a variety of related costs and expenses. We will break our analysis of the Jumpstart policy for California into the following sections:

This premium content is locked for FC&S Coverage Interpretation Subscribers

Enjoy unlimited access to the trusted solution for successful interpretation and analyses of complex insurance policies.

  • Quality content from industry experts with over 60 years insurance experience, combined
  • Customizable alerts of changes in relevant policies and trends
  • Search and navigate Q&As to find answers to your specific questions
  • Filter by article, discussion, analysis and more to find the exact information you’re looking for
  • Continually updated to bring you the latest reports, trending topics, and coverage analysis