Essentials of Your Hawaiʻi Homeowners Insurance Policy

Understanding your homeowners insurance policy is an important first step in protecting your home and your belongings. It may feel like a lot of fine print, but it has four key sections worth knowing. 

The declarations page is your quick summary. It lists your policy number, policy period, your name and mailing address, the location of the insured home, specific property and liability coverages and limits, policy forms, deductibles, and premium amounts.  

The coverages section includes your policy forms that explain what is protected, including your home, belongings, and liability.  

The exclusions section lists what your policy does not cover. It is important to read this section to understand the gaps that may exist in your insurance coverage. Common exclusions include wear and tear, neglect, and mold. In Hawaiʻi, common exclusions in homeowners insurance policies are flood, hurricane, and earthquake. These require separate policies. 

Your deductible is the amount you pay out of pocket before your insurance kicks in. Review it now, not after a loss. 

One simple habit: read your policy once a year. Your life changes, and your coverage should keep up. 

Talk to your agent about coverage gaps specific to your situation. 

Disclaimer: This article provides general information only. Coverage terms, conditions, and exclusions vary by policy and insurer. Contact your insurance agent for guidance specific to your needs.