Insurance is dropping me...

[Jason Eisert]

Hello everyone! My insurance broker informed me that my insurance policy is being canceled, which is happening to many providers in Hawaii following the Lahaina fires. I have no claims on the insurance. I own a short-term rental property that operates much like a hotel, so I carry large commercial insurance. Has anyone else faced a similar situation? I would appreciate any advice on how to handle this, as well as recommendations for reliable insurance agents.

Thank you!

[Michael Baum]

Insurance is crazy right now. Maybe forever. We have seen our policy rates double in the last couple of years. I am looking for other options.

Have you started calling around? Have you contacted the state insurance commissioner to see what is going on and how they can help?

[Lisa Graesser]

This happened to us in Florida, no claims had been made. Company just claimed they were reducing their exposure in Fla. We had to do alot of shopping around and eventually found one. We now have KIN insurance,  not sure if they are available in Hawaii.

[Jason Eisert]

Quote from @Lisa Graesser:

This happened to us in Florida, no claims had been made. Company just claimed they were reducing their exposure in Fla. We had to do alot of shopping around and eventually found one. We now have KIN insurance,  not sure if they are available in Hawaii.

 I'll try reaching out to KIN insurance.

[Jason Eisert]

Quote from @Michael Baum:

Insurance is crazy right now. Maybe forever. We have seen our policy rates double in the last couple of years. I am looking for other options.

Have you started calling around? Have you contacted the state insurance commissioner to see what is going on and how they can help?

 Just started looking. I'll have to reach out to insurance commissioner.

[Peter "Coop" Cooper]

Aloha Jason,

I use Dillon Murphy of B&B Insurance out of Kona. 

+1 808-825-7646

Tell him Coop recommended him.

[Isi Nau]

Aloha Jason.  I'm interested in what KIN can do in Hawaii.  We recently purchased an apartment building on Oahu.  The previous owner was paying $3k a year with DB.  DB wouldn't write us a policy (for similar reasons mentioned in this thread).  I had three insurances agents hunting for: 1. a provider who would even consider writing a policy, and 2. a policy that wasn't sky high.  We only received a couple of quotes, and the cheapest one was $17k!!  I'm hoping to find a cheaper policy in the coming months.

[Jason Eisert]

Quote from @Isi Nau:

Aloha Jason.  I'm interested in what KIN can do in Hawaii.  We recently purchased an apartment building on Oahu.  The previous owner was paying $3k a year with DB.  DB wouldn't write us a policy (for similar reasons mentioned in this thread).  I had three insurances agents hunting for: 1. a provider who would even consider writing a policy, and 2. a policy that wasn't sky high.  We only received a couple of quotes, and the cheapest one was $17k!!  I'm hoping to find a cheaper policy in the coming months.

 I’ll let you know what I find! 

[Andrew Steffens]

Hi Jason I will DM you my contact with Steadily.  Good luck!