For most people, their home is almost always their largest investment, so it is incredibly important to protect your home with the appropriate insurance coverage.  Here are some things every Honolulu homeowner should consider:

• Insure your home for 100% of the cost to rebuild.  Your insurance agent can help you determine that amount.
• Consider buying “riders” for flood and earthquake coverage as well as expensive artwork or jewelry that you own.  These items are normally not covered by a standard policy in Honolulu.
• Ensure the contents of your home are adequately covered.  Recording an inventory of your belongings is a must in that it helps you determine the right coverage amount and it comes in handy should you experience a large loss.  In addition, take pictures of your valuables in case you need to file a claim.  Pictures make the process much easier.
• Make sure you buy enough liability coverage; the amount should meet or exceed your assets.
• Choose an appropriate deductible amount.
• Shop around as prices vary dramatically.  Start with your car insurance company; they often give discounts to multiple policy owners.  Always ask about other discounts.  Many insurers have them, but you must ask for them.  Discounts for installing smoke detectors, an alarm system or a fire-retardant roof are common.  If you are 55 or older, you may qualify for a price reduction.
• Keep your policy up to date!  Changes to your home, such as a re-model, need to be covered.

Please consult your Honolulu insurance professional if you have questions.  Contact Michael Zimmerman if you need a referral to a reliable insurance agent.

You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.