Earthquake Parametric Insurance

Shake and Pay, exclusive earthquake parametric platform brings quick quotes to accounts of all sizes.

Business can be fragile in the wake of a quake. However, each year approximately 90% of California insureds choose not to buy Earthquake insurance. 

That’s why Amwins is excited to offer our clients access to Shake and Pay, a unique Earthquake parametric solution.

 

Forget what you know about earthquake insurance

As a parametric insurance product, Shake and Pay is different from a traditional indemnity policy.

  • First Dollar coverage, zero deductible
  • Any California risk is eligible
  • Rapid and streamlined claims process measured in days
  • No property damage required to receive payment
  • Extremely broad coverage policy that can be used for almost ANY economic loss

 

Product Details

  • Limits: Annual aggregate from $50K to $5M
    • Underwriting referrals available for higher limits or risks that include more than a single coverage region
  • Carrier: A.M Best rated “A+ XV” Non-admitted
  • Availability: CA only (other states coming soon)
  • Can be purchased as a stand-alone solution or to supplement traditional insurance



Contact us for additional details on how coverage triggers and payout works for Shake and Pay.


What makes Shake and Pay a unique parametric solution?

 

Lower limits and minimum premiums

Shake and Pay offers all the benefits of a traditional parametric product with limits ranging from $50K to $5M and minimum premium as low as $2,250. This range of limits, which was previously unattainable, allows Insureds of all sizes to protect themselves like never before.

 

Speed to market: the exclusive Amwins advantage

Typical parametric insurance can take months to develop and refine before a quote is provided. With standard triggers and rates, coverage can be quoted and bound in as little as 10 minutes through Shake and Pay’s online platform.

As a true specialist with a deep understanding of parametric solutions, this online quoting option is only available through Amwins.


Contact Us

Alex Kaplan
Executive Vice President
Amwins Alternative Risk - Washington, DC
205.278.1178 alex.kaplan@amwins.com