SACRAMENTO, Calif — The California Earthquake Authority (CEA) Governing Board voted unanimously to offer up to a $3,000 retrofit grant, to approximately 30,000 CEA policyholders as part of CEA’s existing Brace + Bolt program.
Eligible CEA policyholders can receive up to a 25% discount on their CEA earthquake insurance premium when they retrofit their house to modern building codes.
“Californians face the reality that an earthquake could strike at any moment,” said Commissioner Lara. “Preparation and mitigation will be critical to the millions of Californians living in residences that are not built to withstand a significant quake. This successful retrofitting program will help thousands of CEA policyholders make their homes more secure and their earthquake insurance more affordable.”
State officials say that starting starting this month, premiums will be lower for about 75% of CEA policyholders, while 25% of CEA policyholders will see a premium increase.
The CEA Brace + Bolt program will provide up to $3,000 to 3,500 eligible policyholders who sign up for this program on a first-come, first-served basis and complete a code-compliant retrofit. If more policyholders sign up, CEA will seek additional funding for the program.
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