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How much coverage do I need?
Enough coverage to protect the people and things that are important to you by:
- Providing financial protection from lawsuits
- Paying for medical expenses in case of an accident
- Protecting your financial investment in your car
Bodily Injury
What might happen if you are held responsible for injuring another person in an accident? How much might their medical treatment and lost wages cost? In effect, you are considering this question when you set your bodily injury limits. By specifying higher bodily injury limits, you pay more in premium but are protected for a greater dollar amount than with lower limits.
Property Damage Liability
How much would it cost you to replace another driver's car or property if you were responsible for an accident? You are considering this question when you set your property damage limits. By specifying higher property damage limits, you pay more in premium but are protected for a greater amount of damage than with lower limits.
Uninsured Motorist
Many drivers in the U.S. do not carry auto insurance in spite of the fact that, in most states, driving without certain kinds of insurance is illegal. If you are injured in an accident caused by an uninsured driver, how much could you afford to pay for medical needs and/or financial losses for both yourself and your passengers? This is what you are being asked when you set your uninsured motorist coverage limits. By specifying higher uninsured motorist limits, you pay more in premium but are protected for a greater dollar amount than with lower limits.
Comprehensive & Collision Coverage
Do you want insurance to cover your car if it is damaged or broken into? How much is your car worth? Some people will sometimes decline comprehensive and collision coverage for older, low-value vehicles but if you waive this coverage, would you be able to afford a replacement car? You need to consider deductible levels if you select comprehensive and collision coverage. Setting high deductibles decreases your monthly premium; however, you will be required to pay for damages up to the deductible amount should your vehicle be damaged.
If I am obtaining a loan to buy my car, what kind of insurance do I need?
Comprehensive Coverage
Comprehensive coverage helps pay for damage to your car that does not result from a collision between two moving cars, from a collision with an object, or from your car rolling over. (These three items tend to be covered by collision insurance.) Damages resulting from falling objects, fire, certain natural disasters, and vandalism are commonly covered. Comprehensive coverage also generally covers theft. When you buy comprehensive coverage, you will be asked to set your deductible. For example, if you set your deductible at $1,000, this decreases your premium payments but you will be required to pay for any damages up to $1,000 should your car need to be repaired.
Collision Coverage
Collision coverage helps pay for auto repair or replacement costs if your car rolls over or if your car hits another vehicle or object. When you buy collision coverage, you will be asked to set your deductible. For example, if you set your deductible at $1,000, this decreases your premium payments but you will be required to pay for any damages up to $1,000 should your car need to be repaired.
What kind of insurance do I need to drive a car in Hawaii?
Hawaii law states that no one can operate or use a motor vehicle unless it is insured at all times.
Mandatory Coverage Required:
- Bodily Injury Liability: $20,000 per person, $40,000 per accident
- Property Damage: $10,000 per accident
- Personal Injury Protection: $10,000 per person
For more information visit www.state.hi.us/dcca/ins.
What other types of coverage are available?
Medical Payments Coverage
Also known as "Medical Payments to Others," this coverage pays medical bills and/or funeral expenses if a covered driver and/or accompanying passengers are injured or killed while in an insured vehicle, regardless of fault in an accident. This may also cover policyholders and their family members when in others' vehicles, or when policyholders and their family members are on foot and hit by a car. Covered costs are typically subject to certain policy limits.
Collision Deductible Waiver
Collision Deductible waiver coverage is purchased in conjunction with collision coverage. This coverage pays the policyholder's collision deductible for an insured vehicle if a policyholder is involved in an accident in which an uninsured motorist is held legally responsible for the accident.
Rental Car Reimbursement
Rental Car Reimbursement is a policy provision that helps pay for a rental car when a covered car is damaged or stolen.
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What does a Homeowners insurance policy cover?
Homeowners insurance covers damages from incidents such as fire, theft, and vandalism to your home and your personal belongings. It covers living expenses if your home becomes temporarily unusable, and liability in case you or a member of your family injuries someone or damages their property.
How do I know if I have an adequate amount of dwelling coverage on my policy?
Your are properly covered if you policy's value is enough for you to rebuild your house if you experience a total loss. Since the replacement cost of your house can vary over time because of inflation, the cost of labor and materials, and renovations you may make to your home, you should review your coverage every few years.
If I conduct business at home, is my business property covered by my homeowner policy?
Your policy provides coverage of up to $2500 for property located on the residence premises which is related to your business. The limit for such property located away from the residence premises is $250.
For more information, please refer to our section on In-Home Business.
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Do I qualify for an umbrella insurance policy?
You qualify for a Personal Umbrella Policy if:
- You live in the United States.
- You or any member of your household agree to maintain minimum underlying insurance policies as outlined on the policy application for all personal exposures including automobile liability, homeowners or personal liability, farmowners or farm comprehensive personal liability, unlicensed recreational vehicles, and watercraft liability.
- You or any members of your household own, lease or regularly operate no more than six vehicles.
- You or any members of your household own or rent no more than six residential properties.
- You or any members of your household own or regularly operate no more than three watercraft (those that are between 14 and 45 feet and/or maximum speed less than 51 mph), other than jet skis or waverunners.
- You or any members of your household own or regularly operate no more than three jet skis or waverunners.
- You have no more than six drivers in your household.
- You have no more than four drivers under the age of 22 in your household.
- All drivers in your household combined have no more than four moving violations within the last three years.
- All drivers in your household combined have no more than two at fault accidents in the last three years.
- Any driver under the age of 22 has no more than one driving incident within the last three years.
Meeting the above criteria does not guarantee coverage; please contact us for more information.
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Is there a specific amount of business personal property the policyholder should carry?
Yes, The limit of insurance for business personal property must equal 100% of the replacement value.
How much business personal property coverage can I write?
The amount of business personal property cannot exceed $50,000.
Is business personal property temporarily stored in a warehouse or on sale at a craft consignment shop covered?
Yes, Business personal property off-premises coverage is automatically included in the policy. Coverage applies to covered property, other than money and securities, while it is in course of transit or temporarily stored at a premises you do not own, lease or operate.
Does the general liability coverage apply while the insured is away from home?
Yes. The general liability coverage is not limited to occurrences that take place at home.
Is a business operated out of my garage or a detached building eligible?
Yes. A business operated out of the garage, including a detached garage or building, is eligible if located within 100 feet of the insured's dwelling.
Is coverage provided for professional liability?
No. Professional liability is excluded.
Is theft coverage included in this policy?
Yes.
Can the business have more than one named insured?
No. The business must be operated by the insured and/or another immediate family member who resides in the insured's household.
Can we insure more than one location?
No. However, coverage is available for business personal property temporarily off premises (for example; a crafter participating in a craft show).
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