HawaiiHawaii insurers must share rebuilding costs and offer added coverage
At renewal, Hawaii homeowners insurers must explain whether coverage matches rebuilding costs and offer more coverage when it falls short.
What it does
At policy renewal, insurers must give homeowners a rebuilding cost estimate and say whether their current limit would cover that cost.
When a home's coverage limit is below its estimated rebuilding cost, the insurer must offer added coverage up to that estimate and show its price. The offer stays open for 30 days.
Insurers must keep support for each rebuilding estimate and record whether the homeowner accepted or declined the offered coverage.
Argument forHomeowners could spot a coverage gap before a disaster because insurers must provide updated estimates based on local costs and major rebuilding expenses.
Argument againstHomeowners who accept more coverage could pay higher premiums, since insurers must include the added coverage price in their offer.
More detail
Homeowners insurers must give policyholders a written rebuilding cost estimate and say whether their dwelling coverage limit would cover that cost. This applies to people named as insured under homeowners policies. The disclosure must be provided at least once every 12 months and coincide with policy renewal.
If the dwelling coverage limit is below the estimated replacement cost, the insurer must offer the policyholder the option to buy enough added coverage to match that estimate. The offer is required only when the policy's dwelling coverage limit is less than the estimated replacement cost. The offer must show the added premium, stay open for 30 days, and be renewed annually. The offer must be renewed annually.
Homeowners insurers must keep documents supporting each estimate and note whether the policyholder accepted or declined replacement cost coverage. The records cover estimates and policyholder decisions under this part. Failure to comply with these requirements counts as an unfair or deceptive insurance practice. Records must be kept for at least five years after the policy term ends.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Jul 14Act 256, 07/14/2026 (Gov. Msg. No. 1358).Latest
- Jul 14Act 256, on 07/14/2026 (Gov. Msg. No. 1358).Became Law
- May 8Received notice of passage on Final Reading in House (Hse. Com. No. 888).Minor
- May 8Enrolled to Governor.To Governor
- May 6Passed Final Reading, as amended (CD 1). Ayes, 25; Aye(s) with reservations: none . 0 No(es): none. 0 Excused: none.Major
- Vote recorded Passed Final Reading as amended in CD 1. Result: pass.Lower
- May 6Passed Final Reading as amended in CD 1 with none voting aye with reservations; none voting no (0) and none excused (0).Major
- May 6Received notice of Final Reading (Sen. Com. No. 816).Minor
- Apr 29The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. The votes of the Senate Conference Managers were as follows: 3 Aye(s): Senator(s) Keohokalole, McKelvey, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.Minor
- Vote recorded The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
- Vote recorded The Conference Committee recommends that the measure be Passed, with Amendments. Result: pass.Lower
- Apr 29The Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 3 Ayes: Representative(s) Matayoshi, Grandinetti, Pierick; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none.Minor
- Apr 29Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 75-26).
- Apr 2948 Hrs. Notice (as amended CD 1) 05-06-26.
- Apr 29Reported from Conference Committee (Conf Com. Rep. No. 75-26) as amended in (CD 1).
- Apr 29Forty-eight (48) hours notice Wednesday, 05-06-26.
- Apr 28Bill scheduled for Conference Committee Meeting on Wednesday, 04-29-26 3:30PM in conference room 224.
- Apr 27Senate Conferees Appointed: Keohokalole Chair; McKelvey Co-Chair; Awa.
- Apr 27Received notice of Senate conferees (Sen. Com. No. 783).Minor
- Apr 20House Conferees Appointed: Matayoshi Chair; Grandinetti, Pierick.
- Apr 20Received notice of appointment of House conferees (Hse. Com. No. 787).Minor
- Apr 16Received from House (Hse. Com. No. 720).Minor
- Apr 16Senate disagrees with House amendments.Minor
- Apr 16Received notice of disagreement (Sen. Com. No. 710).Minor
- Apr 14Passed Third Reading with none voting aye with reservations; none voting no (0) and none excused (0). Transmitted to Senate.Passed House
- Vote recorded Passed Third Reading. Result: pass.Lower
- Apr 9Reported from CPC (Stand. Com. Rep. No. 1971-26) as amended in HD 1, recommending passage on Second Reading and placement on the calendar for Third Reading.
- Vote recorded Passed Second Reading as amended in HD 1; placed on the calendar for Third Reading. Result: pass.Lower
- Apr 9Passed Second Reading as amended in HD 1; placed on the calendar for Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Cochran excused (1).
- Mar 31The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 9 Ayes: Representative(s) Matayoshi, Grandinetti, Chun, Ilagan, Kong, Marten, Tam, Pierick; Ayes with reservations: Representative(s) Iwamoto; Noes: none; and 2 Excused: Representative(s) Ichiyama, Lowen.Minor
- Vote recorded The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. Result: pass.Lower
- Mar 27Bill scheduled to be heard by CPC on Tuesday, 03-31-26 2:05PM in House conference room 329 VIA VIDEOCONFERENCE.
- Mar 12Pass First ReadingMinor
- Mar 12Referred to CPC, referral sheet 17Minor
- Mar 10Passed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: Senator(s) Inouye, Richards, San Buenaventura. Noes, 0 (none). Excused, 0 (none). Transmitted to House.Passed Senate
- Vote recorded Passed Third Reading, as amended (SD 1). Result: pass.Upper
- Mar 10Received from Senate (Sen. Com. No. 327) in amended form (SD 1).Minor
- Mar 5Reported from CPN (Stand. Com. Rep. No. 2797) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.
- Mar 5Report adopted; Passed Second Reading, as amended (SD 1).Minor
- Mar 548 Hrs. Notice 3/10/2026.
- Feb 25The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 5 Aye(s): Senator(s) Keohokalole, Fukunaga, Lamosao, McKelvey, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.Minor
- Vote recorded The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
- Feb 20The committee(s) on CPN has scheduled a public hearing on 02-25-26 9:32AM; Conference Room 229 & Videoconference.
- Jan 30Referred to CPN.Minor
- Jan 26Passed First Reading.Minor
- Jan 23Introduced.Introduced
Consumer Protection