Best Homeowners Insurance Agencies in Hawaii

Hawaii Homeowners Insurance Agency FAQs

• In Hawaii, what happens if you use the money from your insurance for expenses other than repairs?

  It could be deemed insurance fraud in Hawaii if you utilize insurance funds for purposes other than repairs indicated on your claim. Additionally, by doing nothing and utilizing the insurance proceeds for other purposes, you run the risk of having your policy canceled and the insurer reporting the incident.

• When does Hawaii home insurance stop paying out for plumbing system damage?

  If you didn't make any effort to keep your house warm throughout the winter, if a sump pump caused the damage, or if the pipe has been leaking for an extended period, your home insurance in Hawaii won't cover the damages to your plumbing system. The age, need for replacement, or presence of rust, wear, aging, and corrosion in your plumbing system will also disqualify you from coverage.

• If a policyholder passes away in Hawaii without a surviving spouse, what happens to their homeowners' insurance?

  If a deceased policyholder has no surviving spouse, their home insurance coverage in Hawaii will be handled by their estate executor. The insurer may grant the estate executor 30 days or the remaining time on the policy to obtain the necessary coverages as a fresh policyholder in the future. The executor must maintain payment of the current rate during this time or risk letting the insurance lapse and leaving the house uninsured.

• In Hawaii, how do you pay your homeowners' insurance premium?

  In Hawaii, you can pay your insurance company directly for your homeowners' premium. You have the option of paying it annually, twice a year, quarterly, or monthly. Alternatively, you can fund your premium using an escrow account. A savings account, known as an "escrow account," is controlled by your lender and used to hold funds for expenses like house insurance and property taxes. Your home insurance will be paid annually through an escrow account.

• What should you do if you discover a Hawaii house insurance quote cheaper than your existing policy and want to switch?

  The first step in changing your house insurance policy, if you discover a lower price for coverage in Hawaii, is to submit an application with the new insurer. Once you are accepted, you must get in touch with your current insurance provider to formally cancel your old coverage. You can now secure your new coverage with a different provider.