Lava zone 1 and 2 insurance

[EightFingers]

...is not available for lots larger than 5 acres. Take this into account when buying your land!

[David M]

Interesting. Wonder why, as most insurance (except liability) is for the structure not the land.

David

Ninole Resident

[StillHope]

Can you separate it?
Say,one lot yours,the other - you wife's.

One smaller for the house and the other one for the garden or something..

I don't know how much of a legal headache it is,but worth trying.

[EightFingers]

It doesn't affect us, we're using Lloyds of London which will be cheaper than HPIA.

StillHope, that would require subdividing-request for rezoning-hearing-improvements. Probably not worth it.
David, I asked and the agent said they didn't know why either. You can't insure land. He said it was just a "quirk" in the way business is in Hawai'i.

[StillHope]

quote:

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Originally posted by David M

Interesting. Wonder why, as most insurance (except liability) is for the structure not the land.

David

Ninole Resident

---

Probably,for the same reason no termite treatment under P&P if soil and mandatory treatment if concrete under the same house![}]

[John S. Rabi]

quote:

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Originally posted by EightFingers
...we're using Lloyds of London which will be cheaper than HPIA.
...You can't insure land. He said it was just a "quirk" in the way business is in Hawai'i.

---

Whoa! This is the first time I heard that Lloyds is cheaper then HPIA! It used to be astronomical to insure with them.
There has never been "land insurance" here since there is nothing to insure. I can imagine someone overly cautious wanting liability insurance on land in case a trespasser gets injured there, but that would be the only insurance one might need.

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!"

[robguz]

I heard from someone else in Seaview that Lloyds is cheaper and includes hurricane than getting HPIA and hurricane, so will probably switch to them this year.

[StillHope]

A question ton Dan de Soto

I've already paid for year for HIPA as a part for my construction loan.How can I switch to Llloyd's? Or do I have to wait for a year?

[John S. Rabi]

Don't jump the gun, first get a quote. If it's better than get the new policy and cancel the old one. Your lender requires the insurance so make sure yours don't lapse.

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!"

[StillHope]

Thank you,John.