Jul 15, 2020
LISI has teamed up with Jumpstart to deliver affordable earthquake coverage as an employee benefit in California. Jumpstart provides the first of its kind parametric earthquake coverage with fast payments initiated by text message.
Affordable premiums make earthquake coverage in reach for a wide range of employees, whether they are homeowners, or renters, Millenials or Baby Boomers.
In the event of a major earthquake, employees get a $10,000 payout with no deductible, no paperwork, and no-hassle! Jumpstart texts customers in the affected earthquake region. As soon as they respond to confirm that they have had loss or damage, the money is automatically deposited in their bank account, eliminating a complicated claims process. A qualifying event is an earthquake of a severe shaking intensity as reported on the ShakeMap published by the United States Geological Survey.
Kate Stillwell, founder, and CEO of Jumpstart said, “As a Structural Engineer, disaster resilience is my life’s work, but it means more than safe buildings. Surprise costs can throw a wrench in an employee’s daily routine and their long-term financial sustainability. Just-enough money, at just the right time, allows each of us to stay in our communities and be part of the solution.”
Jumpstart provides a substantial financial cushion for employees, considering that 62% of Americans have less than $1,000 of savings.
Insurance policies are administered by AmWINS.
Jumpstart is the first to provide parametric earthquake insurance for renters and homeowners in the U.S., in partnership with leading financial institutions. Parametric is a form of insurance in which payments are linked to measurable events, such as the shaking intensity of an earthquake. Jumpstart Insurance Solutions, Inc. is a California Benefit Corporation and a licensed surplus lines insurance broker in California. Jumpstart complies with all state-mandated regulations for surplus line insurance brokers.
For more information, contact your LISI Regional Sales Manager
