What is the Hawaii Property Insurance Assn. The Hawaii Property Insurance Association is a non-profit unincorporated legal entity which provides for the assured stability and availability of basic property insurance in Hawaii. Basic property insurance means insurance against direct loss to real or tangible personal property from perils insured under the standard fire policy and extended coverage endorsement. If you own a home or condominium, you will want to insure your property and household effects by investing in homeowners insurance. Chances are you will already have insurance on your home, if you have a mortgage on the property, since most lenders make insurance a condition of the loan.
Homeowners insurance offers the most comprehensive coverage available.
However, most homeowners policies will not protect you from a flood, a hurricane, or an earthquake loss. Homeowners insurance includes liability for bodily injury and property damage that you cause to others through negligence, and for accidents happening in and around your home, as well as away from home, for which you are responsible. It also pays for any injuries occurring in and around your home to persons other than you or your family. Medical payments coverage also pays claims for injuries outside your home that are caused by you, a family member living with you, or by your pet. Homeowners policies generally provide limited coverage for certain money, gold, jewelry, and stamp and coin collections.