Unfortunately, many people who live in tropical areas that are prone to hurricanes don’t realize their regular homeowner’s insurance doesn’t include the appropriate coverage they might need in the event of such a catastrophe. The professional agents at First Insurance Company of Hawaii Ltd have provided residents in Honolulu with the best insurance products in the market for over 100 years. Below, they outline what hurricane insurance is and why it’s so crucial to have.

Understanding Hurricane Insurance & How It Benefits You

What Is Hurricane Insurance?

In the event of a hurricane, it’s common for homes to suffer significant damage. During these circumstances, your hurricane insurance kicks in and covers this type of destruction. This policy will offer coverage for the following:

• Water from inside the home, including broken pipes.
• Swimming pool damage.
• Landscaping damage.
• Structural damage.
• Temporary living expenses.

Why Do You Need This in Addition to Homeowner’s Insurance?

While most homeowner’s insurance covers hurricane winds, it does not cover damage caused by rain or flooding. In addition, most insurance companies require a separate deductible aside from the homeowner’s policy deductible. This deductible is usually set at 3% to 5% of hurricane damages, which can easily run into the thousands. By purchasing separate hurricane insurance, you offset this expense. 

How Hurricane Insurance Will Save You in the Event of a Catastrophe

Hurricane season in Hawaii runs from June through September. While hurricane status is triggered by winds of 74 miles per hour or more, recently, hurricanes have seen wind speeds upward of 160 miles per hour. Catastrophic events such as these, which include extreme rains and wind, cost residents millions in damages.

By purchasing hurricane insurance, homeowners safeguard their investments for the future. First Insurance Company of Hawaii has partnered with Axis Insurance Company to offer affordable hurricane insurance for primary and secondary residences located at least 300 feet from the water. Comprehensive and flexible plans are available to ensure the appropriate coverage exists for you and your family in the event of a catastrophic hurricane.

If you live in a hurricane-prone area and have questions about getting the right insurance policy, the professionals at First Insurance Company of Hawaii are here to help. They will work with you to ensure you have adequate coverage to protect your home and family. Give them a call today at (808) 527-7777 to schedule an appointment, and visit their website for more information on their services.