HPIA Raising Home Insurance Premiums

[StillHope]

Did Pyramid do the same?

[jdirgo]

Pyramid is a broker and not an insurance originator. If HPIA raises their rates, and you got the insurance through Pyramid or any other broker, your rates will go up.

John Dirgo, R, ABR, e-PRO
Aloha Coast Realty, LLC
808-987-9243 cell
http://www.alohacoastrealty.com

[kani-lehua]

just found out this morning that we are finally closing on our purchase of a property in fern forest. yippee!

per allstate, our homeowner's insurance is app. $390 and hurricane is somewhere around $340. lava zone 3.

"chaos reigns within.
reflect, repent and reboot.
order shall return."

microsoft error message with haiku poetry

[TheodoreJay]

Considering some of the lava flows crossing Puna district are only 40 years old, chances of another major lava flow are quite high. It's amazing how the Royal Gardens developer thought it was a good idea to build that close to the eruption. Even more amazing that some Puna parcels of land are way inflated & could become worthless over night. Totally explains why there are no major resorts in the Puna area. My theory is build a really nice shack in Puna area and furnish w/ second hand furniture at lowest cost possible. If Pele takes it away then you aren't out that much. Or alternately build your house on stilts so you can move it quickly (small enough for a large flatbed truck).

[John S. Rabi]

quote:

---

Originally posted by TheodoreJay

It's amazing how the Royal Gardens developer thought it was a good idea to build that close to the eruption. Even more amazing that some Puna parcels of land are way inflated & could become worthless over night. Totally explains why there are no major resorts in the Puna area.
Or alternately build your house on stilts so you can move it quickly (small enough for a large flatbed truck).

---

Royal Gardens (and all the other subdivisions) were developed before the eruption in 1981. You might want to look at the Lava Zone Map of the island, most of Puna are in Zone 3, the same as most of the West side of the island. You can buy an acre in HPP for an "inflated" price of $30K, or you can buy the same one acre in Kona for $300K. (Both Zone 3.)
The lack of resorts in Puna has nothing to do with the volcano. (BTW, the proposed but bankrupted Riviera mega-resort was to be built in lava zone 2.)
Building a house on "stilts" (we call it post & pier) is common here, and it might protect against the lava flow, but it can't protect you against the heat. The house will burn down because of the heat.

Aloha,
John S. Rabi, GM,ARB,BFT,CM,CBR,FHS,PB,RB
808.989.1314
http://www.JohnRabi.com
Typically Tropical Properties
"The Next Level of Service!"