Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Council Resolution on LZ1 & LZ2 High Cost of Home Insurance
#4
A few things.. jumped out at me..

From the resolution itself..

BE IT FURTHER RESOLVED that the Hawaiʻi State Legislature, Department of Commerce Consumer Affairs, Insurance Division, and Hawaii Property Insurance Association (HPIA), explore various means of assisting affected residents, including: a) increasing HPIA policy premiums and expanding coverage to include commercial businesses, b) implementing subsidies or financial assistance programs to mitigate the financial burden for vulnerable residents in Lava Zones 1 and 2, and c) exploring the creation of a risk pooling mechanism.

Bold added by me for emphasis. Raise the premiums even more.. ain't that the clincher?

As to Ashley suggesting that the U.S. Geological Survey’s lava hazard map could be re-evaluated..

No they are not from the '70s. The current map was published in '92. But regardless, the notion that they would be different if re-evaluated is complete nonsense. In fact, if anything needs to be re-evaluated it is the government's policies, or lack thereof, regarding them. Sure re-evaluate, and then talk about land use policies that don't consider them. Talk about building codes that don't consider them. Talk about public funds used in areas where, based on those boundaries, any sane person would consider it a waste of money. Literally, let's talk about why we issue permits, or allow for any permanent development, in LZ1. Sure, open that can.. go ahead.. I dare them to!

Sheesh, let's talk about the advisability of development in places like Kona and Hilo, talk about the lack of egress in places like HOVE, and the real dangers involved..
Reply


Messages In This Thread
RE: Council Resolution on LZ1 & LZ2 High Cost of Home Insurance - by MyManao - 09-08-2023, 07:12 PM

Forum Jump:


Users browsing this thread: 11 Guest(s)