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615 Piikoi St, Suite 1717
Honolulu, HI 96814

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Insurance Coverage for A New Residential HVAC System

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Installing a new residential HVAC system may warrant additional insurance coverage. Begin by assessing the components of the new HVAC system you plan to install. Then, include these parts in your home insurance policy.

HVAC Components

Some of the primary HVAC components include the duct pieces, condenser unit, thermostat, heat exchange system, and evaporator coil. Many HVAC parts encompass mechanical equipment that could sustain damage over time.

Assessing your HVAC system can help you identify parts that are most prone to damage. These components should be protected under your home insurance policy.

For example, if the condenser unit is installed outdoors, it may be at risk of damage from falling tree limbs or adverse weather events. Based on the outcome of your assessment, decide which HVAC components need to be incorporated into your existing homeowner’s insurance policy.

System Upkeep

Regular maintenance of your HVAC system is imperative. Scheduled servicing could prevent premature damage to the unit, which could, in turn, reduce instances requiring you to file an insurance claim.

HVAC System Upgrades

If you choose to upgrade your HVAC system in the future, a subsequent assessment would be necessary. Different types of HVAC equipment may require various levels of insurance coverage.

Your Checklist

Incorporate your HVAC unit into a checklist that includes other household items insured. Employ this checklist during inspections of items covered by your existing home insurance policy.

Contact Innovative Insurance Resources for Insurance in Hawaii

If you need to insure your new HVAC system or have any questions about insurance, contact one of our agents at Innovative Insurance Resources. An agent serving Honolulu, HI, will gladly assist you with your home insurance questions or concerns.

Add-on to customize your auto insurance

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Auto insurance is not a one-size-fits-all solution. Some people only need a basic policy, while others require full coverage. Additionally, there are plenty of special add-ons available to tailor your policy more precisely to your needs. At Innovative Insurance Resources in Honolulu, HI, our experienced team of independent insurance agents devotes time to providing the customized service you deserve.

Gap Coverage

If you own a newer vehicle and have a loan, and unfortunately, your vehicle encounters an accident and is considered a total loss, the Blue Book price may be lower than what you still owe. This situation would mean you end up paying for a vehicle you no longer possess. Having gap insurance ensures that there is no gap between what you receive from insurance and what you owe.

Full Glass

Comprehensive coverage usually includes glass coverage, but it also comes with a deductible. By adding full glass coverage to your auto policy, you can replace your windshield without any financial outlay.

Rental Car

Rental car coverage can be very beneficial if your car is damaged in an accident and you need to drop it off at the repair shop. It provides you with a rental car so that you can continue your normal activities without any disruptions.

Roadside service

Roadside service is similar to the services offered by an auto club. It covers assistance such as jump-starting your battery or changing a flat tire. Additionally, it provides a towing service if you break down or have an accident.

If you have questions or concerns about your auto insurance coverage, contact our office at Innovative Insurance Resources in Honolulu, HI.

What Type of Commercial Insurance Do I Need?

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Innovative Insurance Resources Breaks Down Essential Commercial Insurance Policies

In today’s uncertain business world, acquiring commercial insurance is a necessity. However, many business owners often wonder which policies they genuinely need. At Innovative Insurance Resources in Honolulu, HI, we tailor commercial insurance plans to address your specific business needs.

Commercial Property Insurance

If your business operates from a physical building such as a store, manufacturing center, or warehouse, commercial property insurance is a must. This policy safeguards the structure of your building along with its contents, securing your expensive business equipment.

General Liability Insurance

General liability insurance covers damage to a customer’s property and injuries on your premises. For example, if anyone slips and falls in your store, the ensuing medical expenses are covered by this policy. It also covers damages to a customer’s property caused by your worker.

Professional Liability Coverage

Professional liability coverage also covers any damage or injuries resulting from the service or product you offer. For instance, if you’re a mechanic and mistakenly damage a customer’s engine, this policy would cover the ensuing cost.

Commercial Auto Insurance

Commercial auto insurance becomes necessary if driving forms a significant part of your operations, for standard insurance policies don’t cover you during business operations. A commercial auto policy covers damages to other vehicles if you cause an accident. It also covers equipment or inventory in your vehicle. Besides, if an employee drives your vehicle, they, too, are covered under this policy.

Business Interruption Insurance

Business interruption insurance is crucial for small businesses. If you’re temporarily unable to operate your business due to unforeseen circumstances, this policy will cover your losses.

Seek Comprehensive Commercial Insurance with Innovative Insurance Resources

As a business owner in Honolulu, HI, we invite you to contact us at Innovative Insurance Resources. Our capable agents will discuss your insurance options and help you select the most beneficial policies for your enterprise.

Does My Home Insurance Cover Natural Disasters?

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Hawaii is no stranger to natural disasters. If you’re a resident of Honolulu, HI, you’re probably well aware of this and likely have personal safety protocols in place for such events. While personal safety is paramount, concern for your property is also natural. One of the first steps in safeguarding your home can be purchasing a home insurance policy. This ensures you won’t face a hefty financial burden if something happens to your home. However, an important question to consider is whether your home insurance covers natural disasters. Let us at Innovative Insurance Resources provide additional information to help you navigate the home insurance purchase process with greater confidence.

What Does a Traditional Home Insurance Policy in Hawaii Cover?

Typical home insurance policies provide protection against certain natural disasters such as lightning strikes and fires. In some situations, these policies might even cover fires resulting from lava. However, the coverage doesn’t usually extend to many of the natural disasters common in Hawaii, such as hurricanes, earthquakes, and floods. So, what’s the solution for a Hawaiian homeowner? No need for angst. Alongside your home insurance, you can also buy hurricane and flood insurance and other additional coverage to safeguard your home further. Although the lack of basic policy coverage for such disasters may be inconvenient, it’s easily resolved with additional coverage.

Get the Degree of Coverage You Need With Innovative Insurance Resources

When living in Honolulu, HI, your home safety and financial security should be at the forefront of your concerns. At Innovative Insurance Resources, we make it effortless for you to find the policies and level of coverage you require to feel secure when faced with disasters. Contact us today to find the most suitable policy for your needs!

Why basic auto coverage isn’t always the right choice

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Basic auto insurance is legally required by the state where you reside. However, it is not the same in every state. For instance, Hawaii is a no-fault state, meaning your insurance will pay for any injuries you sustain. At Innovative Insurance Resources in Honolulu, HI, we will discuss the importance of auto insurance with you and assist you in determining the right coverage for your needs.

In Hawaii, auto insurance must provide a minimum of $10,000 per person in personal injury coverage for you and any passengers in your vehicle. It must also include liability insurance coverage of $20,000 per person, totaling $40,000 for all injuries. Additionally, a minimum of $10,000 in coverage for property damage is mandatory.

These requirements ensure adequate coverage for other drivers and their vehicles in the event of an accident. But what about your car? If you are leasing your car or have an auto loan, you are required to have both collision and comprehensive coverage to protect your vehicle.

If you own an older vehicle with little market value or are financially capable of repairing or replacing your vehicle yourself, you might not need to carry this insurance. However, if, like most people, you rely on your vehicle for daily commute and other daily activities, then you must also consider ensuring your vehicle is adequately insured.

Collision Coverage

Collision coverage is designed to protect your vehicle from damage resulting from an accident you are responsible for or if a hit-and-run driver damages your vehicle.

Comprehensive Coverage

Comprehensive coverage insures your vehicle against damages that are beyond your control. This coverage also includes protection for your vehicle’s glass, offering repair or replacement services for your windshield.

Contact Innovative Insurance Resources in Honolulu, HI for all your auto insurance needs.

Avoiding Fraudulent Claims in Commercial Insurance

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Fraudulent claims in commercial insurance can have serious consequences, impacting insurance companies and policyholders within the system. Implementing effective strategies to prevent and detect fraudulent claims is essential for safeguarding against financial losses and maintaining trust within the insurance industry for the Honolulu, HI region.

Enhanced Due Diligence and Risk Assessment

Insurance companies can mitigate the risk of fraudulent claims by conducting thorough due diligence and risk assessments during the underwriting process. This includes verifying the legitimacy of policyholder information, evaluating business operations and financial statements, and identifying potential red flags that may indicate fraudulent intent. By implementing robust risk assessment procedures, insurers can identify high-risk applicants and take appropriate measures to mitigate fraud risks.

Implementing Fraud Detection Technology

Advancements in technology, such as data analytics, artificial intelligence (AI), and machine learning, have enabled insurers to deploy sophisticated fraud detection systems. These systems test large amounts of data, detecting patterns, anomalies, and inconsistencies that may indicate fraudulent activities. By leveraging technology-driven solutions, insurers can enhance their ability to detect and prevent fraudulent claims in real time, minimizing financial losses and protecting legitimate policyholders.

Educating Policyholders and Employees

Insurance companies can provide training programs, workshops, and educational materials to raise awareness about fraud prevention strategies and encourage ethical conduct. By promoting transparency and accountability, insurers can empower stakeholders to identify and report suspicious activities, strengthening the insurance system’s overall integrity.

Collaboration with Regulatory Authorities

Insurers can share information and collaborate with regulatory bodies to investigate suspicious claims, prosecute perpetrators, and enforce penalties for fraudulent activities. By working together, insurers and regulators can deter fraud, protect consumers, and uphold the credibility of the insurance market.

Let Innovative Insurance Resources Inform You

Innovative Insurance Resources helps answer commercial insurance questions and serves the Honolulu, HI, region. Call us today.

Home Insurance Tricks and Hacks

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Innovative Insurance Resources has helped Honolulu, HI, residents like you get high-quality home insurance by assessing their needs and pairing them with strong policies. Here are a few hacks and tricks we use when helping customers like you.

Don’t Neglect Dwelling Coverage

Dwelling coverage is essential for your home, particularly in sensitive parts of the island. It can cover much more of your home, including repairing and replacing various building elements to keep it strong and minimize potential damage risks as much as possible.

Pay Attention to Flood Dangers

If you live in Honolulu, you know that rain and floods are never far behind. Those who don’t have flood protection (only about 15% of the nation does) should seriously consider adding it to their coverage to minimize their potential risk of serious damage.

Check for Natural Disaster Coverage

Natural disasters can happen without much risk, and Hawaii is at a high risk for various issues. These include things like floods, volcanic eruptions, and other dangers. Ensure your policy covers all these items to keep your home as safe as possible.

Increase Your Liability 

Expanding your liability coverage is a smart idea because it ensures you don’t get into serious trouble if someone gets hurt on your property. It’s particularly smart if you run a business from home, as it can help you stay focused. 

Stay Safe This Year

At Innovative Insurance Resources, we’ll do whatever we can to help Honolulu, HI residents find home insurance policies that suit their needs. Call us today to learn more about your options, and we’ll do whatever we can to ensure that you are fully protected and safe from damage.

Benefits of Storing Your Vehicle When on Vacation

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Advantages of Vehicle Storage During Extended Absences

If you’re planning to be away from your home for an extended time, storing your vehicles securely is essential. Below are some benefits of vehicle storage during prolonged absences:

The Benefits of Vehicle Storage for Long Periods

1. Freeing Up Garage Space

One of the notable benefits of storing your car during extended vacations is freeing up garage space at your home. If you share your living space with others, this extra space can be utilized while you are away.

2. Extra Protection from Adverse Weather

Storing your vehicle offers added protection from environmental elements. Exposure to harsh weather, such as sunlight, wind, rain, and hail, can lead to damage. Storage facilities can prevent such occurrences and help maintain your vehicle’s condition.

3. Decrease in Theft and Vandalism

A securely stored vehicle is less likely to be targeted for theft or vandalism. Storage facilities are typically equipped with robust security measures, reducing the risk of break-ins.

4. Peace of Mind

Perhaps the most significant benefit of storing your vehicle while away is the peace of mind knowing it’s secure and monitored, allowing you to enjoy your time off without worries.

If you are in Honolulu, HI, and require an auto insurance quote, contact our team at Innovative Insurance Resources today. They will ensure that your vehicle is comprehensively covered, providing you with peace of mind even when you’re away.

4 Myths About Commercial Insurance

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Making assumptions about your commercial insurance can leave significant gaps in your coverage. Don’t let these common myths stop you from getting the right coverage for your business. The team at Innovative Insurance Resources is here to review your policy and provide advice on how to protect your business in Honolulu, HI.

Commercial Insurance Myths

Myth #1: My Business Is Too Small for Commercial Insurance

Think you don’t need insurance for your small business? Think again. Small businesses often face the same perils as major corporations. That may include lawsuits, property damage, theft, and natural disasters. Our team can help you find the right insurance at the right price whether your business is big or small. 

Myth #2: I Have General Liability Insurance. That Covers Everything, Right?

Unfortunately, that’s a mistaken assumption. General liability insurance protects your business from third-party claims of bodily injury, property damage, or personal injury. However, it won’t pay for everything that could go wrong with your business. For example, it doesn’t handle damages related to your personal property, your employees, or any professional errors that may occur. For comprehensive coverage, you need commercial property insurance, professional liability insurance, and other coverage related to your specific needs. 

Myth #3: Personal Auto Insurance Covers Me At Work

Many people think their personal auto insurance will cover their vehicles under all circumstances. If you have an accident while using your car for business purposes, you need commercial auto insurance. Chances are the damages won’t be covered under your personal auto policy. 

Myth #4: Online Businesses Don’t Require Commercial Insurance

Business property insurance covers any physical assets used for your business. That may include equipment, vehicles, inventory, supplies, and tools. Ask your insurance agent how to cover your digital business for items damaged by a covered peril, such as fire, theft, vandalism, or storm. 

Consult With Us

Contact Innovative Insurance Resources today to get a free quote and find out how we can help you protect your business in Honolulu, HI.

Can Home Insurance Cover Water Damage?

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Our team of qualified insurance professionals at Innovative Insurance Resources in Honolulu, HI understands how much it matters to ensure that your home is protected from all kinds of damage, including water damage. Although it can be hard to figure out whether your home insurance policy may cover certain types of harm that happen to your property, we can offer general ideas of what home insurance policies usually do or don’t cover. Since every home insurance policy is different and has terms and limits that apply specifically to that policy, you’ll want to consult with the insurance agent before assuming that something would be covered.

Likewise, you shouldn’t assume that a policy can’t cover something because of an internet article. Home insurance professionals will give guidance for your situation. They’ll also offer tips on how to make the most of your policy.

Can Home Insurance Cover Water Damage?

To determine whether your home insurance policy might be able to assist with affording the costs of repairing water damage, you’ll first have to consider whether the water damage source occurred inside the home or outside the home. If the water damage resulted from sources outside the home like a flood from a hurricane or other disqualifying natural disaster, it’s unlikely that a home insurance policy will help pay to fix the damage. 

On the other hand, if the water damage happened because of an issue with the pipes in your home like one of them bursting or becoming compromised in another way, your home insurance policy might cover the water damage based on the terms.

Reach Out To Us

Call our team at Innovative Insurance Resources to see how we can help you protect your Honolulu, HI home with our home insurance policies today!

Partner Carriers

  • Crum & Forster
  • DTRIC
  • First Insurance Company of Hawaii
  • HDS
  • HEMIC
  • Island Insurance Co.
  • Kaiser
  • Pacific Guardian Life
  • UHA