Motus earthquake insurance was designed to meet the needs of individual condominium owners who are not covered by a Master Policy
Individuals who purchase Motus insurance get comprehensive coverage that is tailored to the unique exposures of their condominiums
Coverage of shared assets, like common areas and pools
Combined Loss Assessment and Building Coverage – no matter how damage to the complex is allocated among unit owners, Motus covers the exposure
Motus is backed by an insurer rated “A” by A.M. Best, and is guaranteed by the State of California up to $500,000
OTHER OPTIONS FOR INDIVIDUAL CONDOMINIUM OWNERS
Motus insurance offers a superior insurance solution compared with other options available to individual condo owners, including policies offered by/through the California Earthquake Authority
These products typically offer zero coverage to shared assets, like common areas and pools
They do not combine Loss Assessment and Building coverage, so many condo owners end up with insurance that doesn’t match their exposure
Unlike Motus, coverage is capped at $100,000
And Motus is typically less expensive than other individual options – sometimes a fraction of the price
HOW THE MOTUS INSURANCE PROGRAM WORKS
1st Step
A homeowners’ association board enrolls in the Motus Program
This involves a modest premium in exchange for entry into the program and a certain level of coverage for the homeowners’ association
More importantly, by enrolling in the Motus Program, the HOA board makes the Motus Insurance Program available to each individual owner
2nd Step
Once the HOA is signed up, each individual condo owner in the association receives an email with a link to the Motus website and an HOA code specific to the association
From www.motusins.com, each individual owner can select the level of coverage right for them
In addition to Real Property coverage, Motus also offers Personal Property insurance and insurance against Loss of Use or Rent
