Council Resolution on LZ1 & LZ2 High Cost of Home Insurance

[Obie]

In the 2018 eruption all of the insurance companies eventually paid out under the fire insurance coverage. Took some lawyer action and pressure from the state but they paid.

You can get lava coverage but it would be crazy expensive. It would be handy if your home is surrounded by lava. There are people from 2018 who still own homes that are cut off from roads who this happened to.

Google my friend. " Deb Smith lava "

[terracore]

In the 2018 eruption all of the insurance companies eventually paid out under the fire insurance coverage. Took some lawyer action and pressure from the state but they paid.

You can get lava coverage but it would be crazy expensive. It would be handy if your home is surrounded by lava. There are people from 2018 who still own homes that are cut off from roads who this happened to.

Google my friend. " Deb Smith lava "

Some of the structures that were damaged by the Leilani eruption were 'earth movement', mainly fissures that opened up.  A lot of them were later taken by lava and most likely covered by insurance under 'fire' but the ones that didn't burn down had a difficult fight with them from the insurance companies.  I remember reading about it and saw some pictures but I never heard what happened to them.   Earth movement (landslides, earthquakes, fissures, etc) typically don't get insurance money unless an earth movement rider was purchased.   Technically, lava is earth movement, but since there is no way to prove or disprove the homeowner didn't have a space heater up against the curtains when the fire broke out, they pay.  It's not like they can do a fire investigation when the home remains are covered in 30 feet of rock.  

But to put things into perspective, how many insured homes on the BI have been destroyed by fire from lava?  I've heard figures ranging from several dozen, to several hundred, to over a thousand.  That's like a single weekend in California during wildfire season.

[Obie]

It has to do with the insurance pool. 700 here is a drop in the bucket in California.
Population of California is 39,000,000 . Hawaii county is 205,000.

[Punatang]

More context and bad news on the insurance front.

Here is another Wall Street Journal article saved in Archive.today:  https://archive.ph/WnaF8

[terracore]

I recently went through one of those insurance portals that make quotes from multiple insurers and when I got to the question about if I had a dog (between trampoline and a pool if I recall) it ended the questionnaire and said they couldn't help me.

So I guess if you want insurance and a dog, get the insurance first.

[TomK]

What about the trampoline and pool you have in your backyard? Did you tell them about those?

[terracore]

I'm just confused as to why they care if the dog hangs out between the pool and the trampoline. None of their business!

[Punatang]

I'm just confused as to why they care if the dog hangs out between the pool and the trampoline.  None of their business!

 Well, certainly if the K9 were to migrate ON TO the trampoline or IN the pool, that would present some risk/peril/hazzard at least for the animal. 

Additionally, many insurance companies do offer dog insurance but usually that is coverage for liability of damage done to persons or property, caused by someone's furry friend.

[terracore]

Reportedly people in HPP (LZ3) are being notified by DB (formerly Dongbu) their policies will not be renewed. "Because of the Maui fires".

[MyManao]

Reportedly people in HPP (LZ3) are being notified by DB (formerly Dongbu) their policies will not be renewed.  "Because of the Maui fires".

Insurance companies believe in climate change.