Insurance, the Law, and Government's Purpose in the Mess

[leilanidude]

LZ1 here in Leilani and we have a large personal liability policy through the insurer. Not sure why you think it isn't available due to lava zone designation?

We are trying to find out from various insurance brokers. The wife is having Atlas Insurance investigate potential underwriting sources. Was your personal liability insurance acquired years ago, before the Kilauea explosion in 2018? Are you the owner occupant of the home, in addition to the signee on the mortgage loan? Possibly, 2024 could be the year where insurance companies are suddenly reducing coverages to any areas (e.g., Pahoa LZ1/2 and Maui) they consider to be a high risk???

The whispers from the big insurers is to buy a home in LZ3 or better, or Hilo, but stay away from the water.

I had Lloyd's before the eruption.
Was able to get coverage from another company during a short window in which they opened up coverage, in late 2019. Pricing is surprisingly low for about $500k property and $1 mil personal liability. Owner/occupant although I am not there 100% myself. I split time between a house in South Florida and one in Texas, too. Two sons live in the house otherwise, so it is occupied, not sitting empty. Believe me, I won't be filing a claim for anything less than full destruction of the house - quite aware that I would probably be cancelled if I did...