10-12-2024, 05:46 PM
The state should not be in the insurance business. it should be at their own risk, not mine.
I'm assuming you don't want to spend time on it My 2 Cents, because you realized you aren't really sure of what you are talking about. The state is not in the insurance business and HPIA presents no risk to you. HPIA customers pay 300-400% as much for their high risk insurance as an owner of a comparable house in LZ3 might pay.
https://www.hpiainfo.com/coverage-information/faq/
Q: Is The HPIA a state agency?
The HPIA is a nonprofit unincorporated association of all licensed insurers that write property and casualty insurance in Hawaii. Each insurer is required to be a member of the HPIA as a condition of their authority to transact business in the State. Each member insurer participates in the writings, expenses, profits, and losses of the HPIA in proportion to their market share of property and casualty insurance written in Hawaii. There is no public funding or taxpayers’ monies involved.
I'm assuming you don't want to spend time on it My 2 Cents, because you realized you aren't really sure of what you are talking about. The state is not in the insurance business and HPIA presents no risk to you. HPIA customers pay 300-400% as much for their high risk insurance as an owner of a comparable house in LZ3 might pay.
https://www.hpiainfo.com/coverage-information/faq/
Q: Is The HPIA a state agency?
The HPIA is a nonprofit unincorporated association of all licensed insurers that write property and casualty insurance in Hawaii. Each insurer is required to be a member of the HPIA as a condition of their authority to transact business in the State. Each member insurer participates in the writings, expenses, profits, and losses of the HPIA in proportion to their market share of property and casualty insurance written in Hawaii. There is no public funding or taxpayers’ monies involved.
I wish you all the best.