Tag: hi

When you get a home insurance policy, you usually get coverage for five items. These items are standard on just about every home insurance policy, and you benefit from understanding your coverage. At Innovative Insurance resources, serving Honolulu, HI, we’re here to help you learn more about what you can expect from your policy when you need to make a claim.

The Five Items Most Likely Covered by Your Home Insurance Policy

Just about all home insurance policies include these main items, so you can make a claim for them after a covered event. The five items usually include the following components:

• Dwelling
• Additional living expenses
• Personal property
• Liability coverage
• Additional structures

Your policy covers these items with subcategories in each one. In other words, the structure of your home is covered in case of a calamity, and you can expect replacement of certain items that were in your home. If you have a theft of personal property, the policy reimburses you for loss of items like electronics and jewelry. 

Getting Extra Coverage for These and Other Items

Every insurance company is different in terms of what it offers for standard coverage. When you’re looking at a policy with your agent, be sure to identify the type of coverage you want. Your agent can find you a policy with standard coverage and get you additional coverage for non-standard items. 

Contact Us Today at Our Office Serving Honolulu, HI for More Information

At Innovative Insurance Resources, we’re here to answer your questions and help you find the right homeowners insurance policy. It’s our job to make sure you have adequate insurance coverage that protects you against Hawaii’s unique environment. Get in touch with us today and start learning about how home insurance helps you recover from a disaster. 

Moving to, from, and across the Hawaiian islands is a stressful endeavor. Even as you pack, your home insurance remains connected to your old house. If you have leftover home insurance coverage on your policy that you won’t use, what are your options? If your coverage expires and you need more time, does home insurance offer a shorter duration? The professionals at Innovative Insurance Resources, serving the Honolulu, HI area, will answer both questions.

Can You Secure Home Insurance for Less Than One Year?

No. Home insurance coverage starts at one-year durations. No policy customizes home insurance to last less than a year. 

What Are Your Options?

The only option is to buy home insurance and cancel it before the policy expires. Homeowners can generally cancel their policy as long as they give 30 days’ notice. However, you might face a penalty or fee for early policy termination. The amount varies by carrier. Other policies subtract the cancellation fee or penalty from the refund. Regardless, the cancellation isn’t valid until you mail the notice to the proper party at the insurer end. We encourage you to secure a new policy for your new home before canceling your old policy to avoid coverage gaps. 

Will Short-Term Home Insurance Suffice?

No. Short-term home insurance is another name for unoccupied home insurance or vacant home insurance. That covers damages to empty homes. Reasons for an empty home include selling, remodeling, and being on vacation. It does not cover occupied homes. Furthermore, the insurance policy is temporary, ending when the home reaches occupancy. It is available for primary and secondary homes that will be vacant for 30 days or more. 

If you need home insurance for a short duration, there is a way. Our team will work with you to find carriers with reasonable and straightforward cancellation fees or penalties. We want you to use what you need and discontinue the policy with ease. We also encourage you to open a new home insurance policy with us here at Innovative Insurance Resources, serving the Honolulu, HI area. Contact our office today for more information.