The Hawaii Department of Commerce and Consumer Affairs Insurance Division is encouraging Hawaii residents to review and understand their insurance coverages and deductibles as communities continue to recover from last week’s heavy rains and strong winds.
“Individuals should familiarize themselves with what their insurance policies cover and the out-of-pocket expenses they are responsible for annually,” said acting Insurance Commissioner Jerry Bump in a news release. “If they are unsure or wish to make changes before renewing, policyholders can contact their agent or insurance company.”
With the recent local forecasts including possible flooding and strong winds, we are reminded that natural disasters can be unpredictable, and flooding can happen anytime and anywhere,” Bump added.
The DCCA says many people may not be aware that most standard homeowners’-, condo unit owners’- and renters’ insurance policies do not cover flood damage. Flood insurance coverage can be purchased separately from the National Flood Insurance Program or be endorsed onto the policy to supplement a policyholder’s homeowners’ insurance.
Residents interested in the program need to keep in mind there is a 30-day waiting period for the policy to go into effect. Speak with your insurance agent or visit the NFIP website to learn more.
The Hawaii Insurance Division collects data to publish its informational Premium Comparison guides that residents can use to review and compare sample premiums from insurance companies licensed in the state. The 2025 guides are available online.
Clinton Mora is a reporter for Trending Insurance News. He has previously worked for the Forbes. As a contributor to Trending Insurance News, Clinton covers emerging a wide range of property and casualty insurance related stories.