State House and County Council Resolutions on LZ1 & LZ2 High Cost of Home Insurance

[terracore]

Punatang, it is certainly very encouraging. However, HOVE is in LZ2. There is no guarantee if you live in LZ1 you'll be as lucky.

American Modern P&C is the company underwriting the new insurance coverage for my brother.

I called Atlas. A nice lady took my info and said she would submit it to American Modern. She promised to report back to me even though she seemed dubious. Long story short, she never called me back. I left a follow up message that was not returned.  Not impressed with the outfit but they probably think we are all Punatics which I suppose is about right. The person I spoke with did say that American Modern will sometimes underwrite if the specific property is very close to LZ3.  So it seems HOVE may be an acceptable risk for them but Puna is not.  C'est la vie.  Hope someone else has better luck. As it stands, I still do not beleive there is an alternative in Puna other than HPIA.

Try this:

Justin Salgado
Associate Account Executive
Personal Lines – Sales Unit

HI License No. 14603707| Agency License No. 4793033
201 Merchant Street, Suite 1100 Honolulu, Hawaii 96813
Direct Line: (808) 533-8718 | Fax: (808) 550-1152

Email: jsalgado@atlasinsurance.com

I don't know if it's related to insurance companies not getting back to people, but there was some change in regards to Freddie Mac or Fannie Mae relating to insurance and condominium loans.  While it primarily affects Oahu, those loans have suddenly come to a standstill and have become an emergency for some people.