MORE TIME TO GO, UNTIL NOVEMBER
30.
THANK YOU, LAURA FOR THAT.
WE TALK ABOUT INSURANCE WHEN WE
HAVE ANY TYPE OF NATURAL
DISASTER.
SO WE BROUGHT IN GORDON ETO TO
TALK ABOUT WHAT YOU NEED TO KNOW
AND WHAT HOMEOWNERS SHOULD BE
DOING.
THERE IS A DIFFERENCE BETWEEN A
HOMEOWNER INSURANCE POLICY THAN
HURRICANE POLICY.
YES, THERE IS A DIFFERENCE,
WHEN THE HURRICANE CENTER ISSUES
A WATCH OR WARNING FOR THE
ISLAND.
IT TRIGGERS A HURRICANE POLICY
AND COVERAGE UNDER THE
HOMEOWNERS POLICY IS NULL.
BUT IF A HURRICANE WATCH IS NOT
ISSUED, THEN THE LOSS BECAUSE OF
WIND IS COVERED UNDER HOMEOWNERS
POLICY.
WE ENCOURAGE HOMEOWNERS TO
UNDERSTAND THE DIFFERENCE.
IN THE CASE OF A HURRICANE
ITSELF, FOR THE BIG ISLAND
HURRICANE WATCH WAS ISSUED AND
THEREFORE IT TRIGGERED A
HURRICANE POLICY.
MANY PEOPLE HAD ONLY HOMEOWNER
POLICY AND BECAUSE OF THE WIND
IT WAS NOT COVERED.
AND TO ADD TO THIS FORMULA
AND MAKE IT MORE COMPLICATED,
FLOODING IS COMPLETELY
DIFFERENT.
YES, FLOOD BECAUSE OF STORM
SURGE IS NOT COVERED UNDER
HOMEOWNERS OR HURRICANE, IT'S
ADDITIONAL POLICY, YOU HAVE TO
HAVE FLOOD COVERAGE.
WHAT ABOUT A RENTER?
YEAH, IT'S ENCOURAGING IF YOU
ARE SUBJECT TO POTENTIAL LOSSES
AND CONSIDER PURCHASING RENTER
INSURANCE TO COVER YOUR CONTENTS
CONTAINED IN YOUR HOME OR CONDO.
AND ALSO IF YOUR CONDO OR
HOME GETS DAMAGED AND YOU HAVE
TO FIND ANOTHER PLACE TO STAY,
IS THAT COVERED UNDER RENTER'S
INSURANCE?
MANY POLICIES CONTAIN LOSS OF
USE, WHERE THEY PROVIDE LIVING
EXPENSES AND PROVIDE ALTERNATIVE
LIVING UNTIL REPAIRS OCCUR.
LET'S TALK ABOUT THE TIME
LINE, A LOT OF TIMES WHEN WE
TALK ABOUT A HURRICANE OR STORM
APPROACHING HAWAI'I, OR IF YOU
LIVE ON THE MAINLAND.
CAN YOU GET A POLICY RIGHT THEN
AND THERE?
NO MANY TIMES WHEN A THREAT
APPROACHES MANY COMPANIES PUT ON
A MORATORIUM, THERE IS A
MORATORIUM FOR HURRICANE AAS --
ANA.
AND THAT WAS THE CASE FOR THE
LAVA FLOW, IT WAS APPROACHING A
MORATORIUM, THOSE THAT DIDN'T
HAVE A POLICY, COULDN'T BUY A
POLICY.
AND FOR THOSE THAT HAD A POLICY,
