Bill > SB2960

This bill establishes new timelines for homeowners insurance policyholders in Hawaii to claim the full replacement cost value of their damaged property after a declared disaster or emergency, acknowledging the unique challenges of rebuilding in the state. Specifically, policyholders will have a minimum of 36 months from receiving their initial actual cash value payment to submit documentation for the full replacement cost of their dwelling or structure, with provisions for six-month extensions for "good cause"—circumstances beyond their control like permit delays, labor shortages, or supply chain issues—and the possibility of further extensions up to a total of 60 months. For personal property, policyholders will have one year after their dwelling is repaired or rebuilt to submit documentation for its full replacement cost. Homeowners insurers are required to provide policyholders with clear written notice of these timelines and the process for requesting extensions within 30 days of being notified of a declared disaster or emergency.

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https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=2960&year=2026