Frequently Asked Questions:
Renters Insurance

Although renters insurance is not required in Hawaii, some landlords require tenants to purchase a renters insurance policy. Your landlord’s insurance policy typically covers the structure itself and what they own, and does not protect your personal belongings. Without a renters insurance policy, any damaged or stolen property would need to be replaced out-of-pocket.

Renters insurance rates will vary and may be dependent on factors like the following:

• Coverage amounts
• Rental location
• Renters insurance deductible
• Actual cash value vs. replacement cost

A standard renter insurance policy typically includes the following coverages:

• Personal Property – Covers the cost to replace certain belongings at actual cash value such as furniture and electronics at actual cash value.
• Additional Living Expense – Covers costs that you may incur if you are temporarily unable to live in your home due to a covered loss.
• Personal Liability Protection – If you or resident family members are found legally responsible for accidentally damaging someone else’s property or injuring another person, personal liability coverage may help pay for related repair costs and legal fees, in addition to helping with medical costs.

Your renters insurance coverage should be enough to replace all of your personal possessions. If you are unsure of what coverages you need, please consult with an insurance agent to discuss the amount of coverage 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