![]() Keep in mind that a house that is constructed on a raised foundation, but has an attached garage constructed on a slab foundation (the garage may or may not have living space above it), is considered to have a raised foundation for the purposes of a CEA Hazard Reduction Discount. These walls often enclose a crawl space or serve as walls for a stepped foundation. Cripple walls – short frame walls that extend from the foundation to the bottom of the first floor.This area may be supported (raised off the ground) by (but not limited to): Raised FoundationĪ house with a raised foundation has an area created underneath the dwelling floor (may be referred to as a crawl space). If your home has one of the following foundation types, and it has been properly retrofitted, you may qualify for a premium discount of up to 25% on your CEA earthquake policy premium. In the case of a tear-down and rebuild, the house’s year of construction becomes the date the rebuild was completed. The exception to this rule is if a house was completely torn down (including the foundation) and rebuilt to more modern building-code standards. ![]() The date of a remodel or renovation is not considered original construction and therefore does not establish a new year of construction. The year of construction is the year your house was originally built. To qualify for a premium discount, your house must have been built prior to 1980 with wood-frame construction. Here’s a breakdown of the different types of houses and their characteristics to help you understand if your home can qualify for the discount. To get a Hazard Reduction Discount on your CEA policy premium, your house must qualify. CEA offers a Hazard Reduction Discount (CEA premium discount) on certain older homes, if the home has been properly retrofitted.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |