Hawaii Flood Insurance

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Since the entire Hawaiian archipelago is surrounded by water, all of its islands are susceptible to flooding. The best way to protect your home, belongings and financial wellbeing is to get a Hawaii flood insurance policy with sufficient coverage to protect your things in times of need.

FEMA’s flood insurance rate map shows that nearly every square inch of Hawaiian lowlands are at risk of flooding at least once every 100 years — and your risks increase the closer you’re located to the ocean and bodies of water.

But getting a policy from a private vendor or from the national flood insurance program in Hawaii is your answer to staying safe. These policies work alongside your home insurance policy to provide protection for your property and belongings if your home is hit by a flood and needs to be repaired or rebuilt.

When you consider the average cost of flood damage is about $25,000 per 1 inch of flooding, and a Hawaii flood insurance policy costs just about $600, the answer seems obvious. But you need to get your policy quickly because it takes 30 days for a flood policy to go into effect after its date of purchase.

What Flood Insurance Covers in Hawaii

Since Hawaii is surrounded by beautiful aqua blue ocean, towering waterfalls that lead to swimming holes and rivers and much more water, flood insurance in Hawaii is quintessential to protecting your financial wellbeing. It can cover damages from things like overflowing rivers, lakes and ponds, as well as torrential downpours that seep into your home’s foundation.

Structure & Foundation

☘ Your home’s physical structure and its foundation, meaning the essential pieces that make up your home, are covered by flood insurance. This can be anything from flooring and drywall to built-in cabinets and electrical wiring.

Personal Belongings

☘ Flood insurance can help pay to repair or replace your personal belongings that were damaged or destroyed directly by flooding. This coverage extends to things like TVs, computers and other electronics to furniture and clothes.

Home Appliances

☘ When floodwaters enter a home, they tend to damage or destroy a handful of appliances in your home. Luckily, flood insurance can help replace many of those appliances, like your HVAC unit, water heater, dishwasher and much more.

How Much Is Flood Insurance in Hawaii?

The cost of flood insurance in Hawaii is only about $600 per year, but that premium depends heavily on a number of variables. You must take into account how much coverage you maintain and how close your home is to the nearest bodies of water.

If you own an expensive house near a body of water that’s known to overflow, you could wind up paying a few thousand dollars for Hawaii flood insurance.

In Hawaii, you’re not required to maintain flood insurance, but it’s always a good idea to have it. However, if you owe mortgage payments on your home, your lender could require you to maintain a flood insurance policy in order to protect their share of the investment.

Private Insurance vs National Flood Insurance Program in Hawaii

In Hawaii, you have two options for flood insurance coverage. The first is through a private company like Clovered. We partner with the best flood insurance companies in Hawaii to make sure each of our policyholders has the option to add a Hawaii flood policy to their home insurance.

The next option is through the government’s National Flood Insurance Program, which is offered on a case-by-case basis. Government flood policies are typically last-resort options for homes that are in high-risk zones or homeowners that can’t afford to shell out money for a private policy.

With Clovered, you can call one of our many licensed agents today at 833-255-4117 so they can pair you with a Hawaii flood insurance policy that fits your needs — and your budget.

Stay Above Water With Flood Insurance

Do you want to pay for costly and common flood damage yourself or have an insurance policy pick up the tab?

The editorial content on Clovered’s website is meant to be informational material and should not be considered legal advice.

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