Earlier this year legislators considered bills to make coverage through HIPA and the Hawaii Hurricane Relief Fund available to homeowners who can’t obtain insurance through the private market if that becomes necessary. But experts say little can be done about the escalating cost of coverage in are...
Homeowners insurance does provide some physical damage coverage for certain small boats (e.g., rafts, canoes, or kayaks) while they’re on your property (not in the water). And this coverage usually has a small limit (like $1,000). You’ll need to purchase boat insurance in Hawaii if...
Best car insurance companies in Hawaii According to proprietary data from Quadrant Information Services, the average cost of a full coverage policy in Hawaii is $1,689 per year; minimum coverage averages $413. However, to find the best car insurance in Hawaii, Bankrate also evaluated third-part...
Highlights Hawaii's innovative approaches to insurance problems. Passage of the Hurricane Relief Fund in response to the homeowners insurance market crisis; Stabilization of the insurance industry; Cost containment of health care claims; A...
Chadwick, a fine-dining server, moved to Florida where she could stretch her homeowners insurance dollars. She’s worried Maui’s exorbitant rental prices, driven in part by vacation rentals that hog a limited housing supply, will hollow out her tight-knit tow...
premiums. Hawaii lawmakers began a new legislative session Wednesday with a vow to try to stabilize the state’s property insurance market as hurricanes, wildfires and other climate change-influenced disasters at home and elsewhere prompt insurance carriers to raise rates.Associated Press.Hawaii Public...
With no mortgage insurance and higher allowable debt ratios, Veterans can purchase more house with the same income. While other programs (especially low-down-payment programs) cap the borrower’s debt ratio at 29-33%, including the proposed house payment, VA expands this ratio to 41%. As an...
Until now, when homeowners in Hawaii have considered the effects of climate change, it’s been mainly coastal erosion, sea level rise, and hurricanes, Tyndall said. “Wildfire was something that was on people’s radars . . . but obviously the extensive damage, most people di...
Acknowledging that the piece about Lori Wingard was 100% completely accurate and right on target, Ward nonetheless took time out of his busy day -- such as pushing for a law to mandate that the overwhelming majority of homeowners in Hawaii be forced to pay to install a solar water-heating...
Is my roof damage covered by my homeowners insurance? Maui roofing insurance claims deserve a lot of attention due to their legal nature, complexity, and applicability to your roof. If your roofing material has sustained any damage at all, no matter what, your first question to any Maui roofi...