Homeowners insurance may not be required by law in Hawaii, but if you have a mortgage, your lender will most likely require homeowners insurance for the duration of your mortgage.
Even if you don’t have a mortgage, your home is an important and valuable asset. Homeowners insurance provides protection for your home, personal property, and other structures on your property if they are damaged or destroyed by a covered peril. Without a home insurance policy, the cost to repair or rebuild your home would need to be paid out-of-pocket.
A homeowners policy will also protect you in the event you or resident family members cause injury to someone else.
Homeowners insurance will vary and may be dependent on factors like your home’s condition, style of build, and location, and your claims history and policy deductible amounts.
A standard homeowners policy typically includes the following coverages:
Your homeowners insurance coverages and limits should be enough to accomplish the following:
A standard homeowners policy does not cover damage resulting from natural disasters like floods and hurricanes.
Consult with an insurance agent to discuss your situation and the policies and coverages you need.
Please note that this information is general in nature and does not represent insurance contract provisions, and is not meant to take the place of an insurance review. Please contact an independent insurance agent for more information. Copyright © 2021, Island Insurance