Hawaii: Wildfire Legislation Introduced

HB 2013 has been introduced pertaining to property inventories, claims appeal process, advanced additional living expense payments, and rebuild timelines. The bill has yet to be assigned to any committees for a public hearing.

The legislation would require insurers:

• To follow a prescribed personal property claims inventory process;
• To disclose their depreciation methodology and establish an appeals process;
• To offer the policyholder a minimum of 75 percent of the personal property insurance coverage limit stated in the homeowner’s insurance policy without submission of property inventory;
• To provide a 36-month period of time for homeowner to submit documents on the repair, rebuild, or replacement of damaged property to receive full replacement cost coverage; and
• To provide, upon request, advanced payment of no less than six months of living expenses to the policyholder.