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Property Insurance Hawaii

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Property Insurance

When you live in Hawaii, the place you call home and the things that make it uniquely yours are special, and should be protected accordingly. Whether you own or rent, Island Insurance has you covered, with the homeowners, condo or renters insurance policy you deserve, at a value that’s hard to beat.

With Island, you’ll get 80+ years of expertise in protecting Hawaii and 100% local servicing, from Hawaii’s 100% locally-owned insurer. You’ll also keep your money working right here in these islands.

Hawaii Property Insurance

It’s important that your homeowners, condo or renters insurance policy has the right coverages to protect you, your home, and your valuables.

Homeowners Policy
Lucky You Live Hawaii

It’s important that your homeowners insurance policy has the right coverages to protect you, your home and your valuables.

Condo Policy
Coverage that Counts

When you own a condo in Hawaii, protecting your property is always a good idea. And often required by condominium associations. With an Island Insurance condo policy at the ready whenever you need it, you can rest assured that Island has you covered.

Renters Policy
Lucky You Live Hawaii

Safeguard the stuff that’s most important to you with an easy and surprisingly affordable renters insurance policy. It protects you and your belongings from unfortunate events like fire and theft, and gives you the peace of mind in knowing that Island Insurance is in your corner.

Island Package Bundle
Auto + Property = More Savings

Bundling truly is better! When you combine your Island auto insurance with a companion home, condo or renters policy, you unlock another level of savings with the Island Package Bundle. More protection. More convenience. More value.

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Quote by phone: (808) 643-4000

Monday to Friday, 8am – 4:30pm

Frequently Asked Questions:
Homeowners Insurance

Does Hawaii require home insurance?

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.

Why do I need a homeowners insurance policy?

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.

How much does homeowners insurance cost?

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.

What type of coverages are included in my homeowners policy?

A standard homeowners policy typically includes the following coverages:

  • Dwelling Coverage – Covers damage to your home and any attached structures such as a deck or garage. The amount of dwelling coverage needed is usually calculated by the square footage of your home and what it would cost to rebuild your home.
  • Other Structures – Covers damages to other structures on your property like a detached garage, carports, and storage sheds if they are damaged or destroyed by a covered peril.
  • Personal Property –– Covers your belongings, including furniture and electronics at actual cash value if they are stolen or damaged by a covered loss.
  • 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.
How much homeowners insurance should I have?

Your homeowners insurance coverages and limits should be enough to accomplish the following:

  • Rebuild your home
  • Replace your personal items
  • Reimburse any living expenses if your home is damaged or destroyed and you are unable to live in your home
  • Cover any injuries and damages that may happen on your property
Are there optional coverages that I should consider?

A standard homeowners policy does not cover damage resulting from natural disasters like floods and hurricanes.

  • Flood insurance – Hawaii is prone to bouts of heavy rains, flash flooding, and ocean surges due to high surf. Since flood losses are not covered by homeowners insurance, you would be responsible for any related repairs to your home or property. Flood insurance is offered through the National Flood Insurance Program’s (NFIP’s) Write-Your-Own Flood Insurance policy.
  • Hurricane insurance – This optional policy covers wind-related damages associated with hurricanes. Banks may require homeowners to have hurricane insurance as part of their mortgage approval.

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

Frequently Asked Questions:
Condo Insurance

Does Hawaii require condo insurance?

Condo insurance is not required by law, but if you have a mortgage, your lender may require insurance for the duration of your mortgage. Even if you own your condo and don’t have a mortgage, most condo associations require unit owners to have a condo insurance policy in Hawaii.

Why do I need condo insurance?

If you are a condo owner in Hawaii, your condo association is required by law to carry a master insurance policy, but that only includes coverage for the building and common areas, and liability insurance for any injuries sustained in common areas.

Even if you don’t have a mortgage and own your condo, it is a valuable asset. Condo insurance in Hawaii provides protection for your unit and personal property if they are damaged or destroyed by a covered event. Without a condo insurance policy, the cost to replace your personal property and the additional cost to replace improvements made to your unit would need to be made out-of-pocket.

How much is condo insurance in Hawaii?

Condo insurance rates will vary and may be dependent on factors like your condo’s condition, types of materials used, claims history, and policy deductible amounts.

What condo insurance coverages are included in a policy?

A standard condo insurance policy typically includes the following coverages:

  • Dwelling Coverage – The amount of dwelling coverage should include enough to cover any improvements made inside your unit.
  • Personal Property – Covers the cost to replace certain belongings such as furniture and electronics that are stolen or damaged by a covered loss at actual cash value.
  • Additional Living Expense – Covers costs that you may incur if you are temporarily unable to live in your condo 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.

It is recommended to consult with an insurance agent to discuss your situation and the policies and coverages you need.

How much condo insurance should I have?

Your condo insurance coverages and limits should be enough to accomplish the following:

  • Restore your unit to the condition it was prior to the covered loss.
  • Replace your personal items
  • Reimburse any living expenses if your unit is damaged or destroyed and you are unable to live in your home.
  • Cover any injuries and damages that you or resident family members may have caused.

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

Frequently Asked Questions:
Renters Insurance

Why do I need a renters insurance policy?

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.

How much does renters insurance cost?

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
What renters insurance coverages are included in a policy?

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.
How much renters insurance should I have?

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

 

The Value of a Property Policy from Insurance

Save with Home, Condo or Renters Insurance Discounts

Your wallet will thank you when you choose Island for your home, condo or renters insurance policy and take advantage of the discounts that can help you save on your property insurance policy premium.

  • Island Package Bundle

  • Renewal Credit or Special Customer Credit

  • Premises Alarm or Fire Protection System Discount

  • Age of Dwelling Discount (homeowners policy only)

Home, Condo & Renters Insurance Benefits

Island customers who have a home, condo or renters insurance policy will receive the following benefits at no additional charge:

  • Equipment Breakdown Coverage – Homeowners and condo insurance customers receive equipment breakdown coverage, which protects your home and personal property from loss by mechanical or electrical breakdown at no additional cost.
  • Loss Assessment Coverage – Home, condo and renters policyholders receive a basic limit of $5,000 Loss Assessment coverage is included at no additional cost.
  • Identity Theft Resolution Assistance – Powered by Cyber Scout® Island homeowners policyholders and their resident family members receive identity theft resolution assistance free of charge.

Check our Discounts & Benefits page for more on the savings and value available to Island home, condo or renters policyholders.

Start Your Free Quote Today

Quote by phone: (808) 643-4000

Monday to Friday, 8am – 4:30pm

Some restrictions, terms and conditions apply. The conditions above contain general summaries and are not a statement of contract. All insurance coverages are subject to policy provisions, limitations and exclusions that can only be expressed in the policy itself. For more information on Hawaii insurance coverages, please contact your insurance agent.