Property Management
What is 'insurance coverage' required for Hawaii rental properties and investment real estate?
AA. Only homeowner's insurance is required; no specialized coverage needed
BB. Investment properties typically require landlord insurance (dwelling fire policy) covering the structure, liability, and potentially loss of rental income; homeowner's insurance is insufficient for rentals✓ Correct
CC. Hawaii law requires all rental properties to carry earthquake and tsunami insurance
DD. Tenant's renter's insurance satisfies all insurance requirements for landlords
Explanation
Hawaii investment properties and rental homes require specialized landlord insurance (not standard homeowner's insurance). Landlord policies cover the structure, premises liability, and loss of rental income. Given Hawaii's natural hazard risks (hurricanes, floods, volcanic activity), landlords should also consider appropriate supplemental coverage.
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