Vol. 7 No. 1 T h e I s l A n D I n s U r A n c e A D v I s o r June 2008
Gasoline Prices and Fuel Economy
Currently, Hawaiigasprices.com reports the average price for
regular grade gasoline in Hawaii is over $4/gallon. According gAsolIne sAvIng TIPs
to the U.S. Energy Information Administration, the increasing With rising gasoline prices, many drivers are tightening their budgets and finding ways to save at the pump.
demand for crude oil is the largest factor affecting the pricing
of gasoline and what drivers ultimately pay at the pump. Oil • Maintaining your engine – On a modern car, that • Don’t idle for long periods – Idling your engine
consumption has climbed steadily and because 66% of U.S. means not driving with the “check engine” light for one minute uses the same amount of gas as
crude oil is imported, pricing is largely controlled by the on. That light signals a fault with a component starting the engine.
Organization of Petroleum Exporting Countries (O.P.E.C.). such as the oxygen sensor. A bad oxygen sensor • Lightening the load – Remove all unnecessary
can reduce fuel economy by as much as 40% and items from your car. For every 100 lbs. extra you
Oil prices in 2004 averaged $37 per barrel and have soared
will increase your vehicle’s emissions output. leave in your trunk, it will lower your gas mileage
to over $130 per barrel as of May 2008. Today, crude oil
• Drive at a steady pace – Stop and go driving by as much as 2 percent.
prices account for approximately 72% of the cost of a gallon
increases your gas consumption by as much as • Buy gas during the coolest hours – Buy gas during
of regular grade gasoline. The remaining factors include:
33%. Avoid quick stops and accelerations. the early morning hours or evening when the air
Taxes (13%), Refining (8 percent) and Distribution &
Marketing (8 percent). • Check oil – Be sure to use the recommended temperature is coolest. Gas is densest during the
viscosity (weight/thickness) oil for your engine. cooler hours. Gas pumps measure volumes of gas
new fuel economy standards A thicker oil can lower your fuel economy by not the concentration of gas density.
2 percent. Following the recommended service • Don’t top off your gas tank – When you fill your
With no end in sight to rising gasoline prices, many drivers are
interval for your vehicle will help prevent crud automobile, the gas nozzle automatically clicks off
feeling pinched by the increasing proportion gasoline expense
from gumming your engine’s internals, increasing when your gas tank is full. If you top off your tank,
has been taking from their monthly budgets. friction and lowering efficiency. the extra gas may evaporate into your vehicle’s
However, relief may be on the horizon. The Energy • Use the air conditioner as little as possible – vapor collection system. Also, gas station pumps
Independence and Security Act of 2007 require fuel efficiency When the air conditioner is on the engine are equipped with vapor recovery
standards for both passenger vehicles and light trucks to works harder, increasing gas consumption by systems that feed back gas vapors
increase by 4.5 percent per year over a five-year period ending about 20%. into its tanks to prevent vapors
in 2015. The proposal requires passenger cars to increase fuel • Keep tires properly inflated – Properly inflated from escaping into the air and
economy from 27.5 MPG (miles per gallon) to 35.7 MPG by tires can improve your gas mileage as much as contributing to air pollution.
2015. For light trucks, the proposal calls for increases from 3 percent.
23.5 MPG in 2010 to 28.6 MPG in 2015.
In ThIs IssUe
Island Focus On Focus On
CuRREnts AutO HOmE
• President’s Message • Island Insurance • GPS Navigation • The Importance of • Home Remodeling • Hurricane Season • How do I know if
• “Best Places to Work” “Life Stages” • Pothole Damage Vehicle Maintenance • Disaster Check List my home is insured
2 3 4 5 6 7 8
Identity Management • Calling 9-1-1 by • Coverage for Sewer to its actual value?
Program Cell Phone or Drain Overflow
A Message From The President
Many young people will be on the road this summer to high school or college graduation
ISLAND INSURANCE celebrations. To reach a milestone is reason to celebrate, but it is important to obey the law and
enjoy the festivities responsibly. A National Survey on Drug Use and Health stated roughly 20%
Always Here to Help of Hawaii’s underage population drinks even though it is illegal to consume alcohol before age
21. Underage drinking remains the most heavily abused substance among our youth. Hawaii’s
“use and Lose” law suspends the driving privileges of those younger than age 21 who have
The Newsletter for Customers
of Island Insurance Companies illegally purchased, possessed or consumed alcohol. For those not licensed to drive, a judge has
the discretion to postpone their eligibility to obtain a license for a minimum of 180 days or until
Volume 7 Number 1
they turn 17.
The Mission of the From January to August 2007, police officers issued over 36,000 speeding tickets compared to
Island Insurance Advisor is to over 23,000 for the same period in 2006. The Insurance Institute for Highway Safety reports
provide information promoting teenagers’ crashes and violations are more likely to involve speeding than those of older drivers.
the safety and well-being of John schapperle
Hawaii’s families, in the President & Chief Operating Officer
Among licensed drivers, young people between the ages of 15 and 20 have the highest rate of
Island Insurance spirit of fatal crashes relative to other age groups, including the elderly. Hawaii’s Graduated License
being Always Here to Help. Program establishes a three-stage program for drivers under the age of 18 and allows beginning
The information provided herein drivers to develop their driving skills over time as they gain experience and maturity. Key elements in the Graduated Licensing program
is general in nature and does not include limits on late-night and unsupervised driving. These are important provisions since 19% of teenagers’ fatalities occurred between
represent insurance contract provisions, 9 p.m. and midnight, and 24% occurred between midnight and 6 a.m. Driving is a responsibility we all must take seriously and we must
and is not meant to take the place of
respect the laws that are enforced for our safety as well as for others on the road.
an insurance review. Please contact
your Independent Insurance Agent
for more information. With our financial strength ratings of “A” (Excellent) from A.M. Best and “A” (Strong) from Fitch Ratings, Island Insurance remains
committed to being Always Here to Help our policyholders, our partner agents and local communities.
The Island Insurance Advisor
is published semi-annually Mahalo for your patronage and with warm regards,
by employees of
Island Insurance Companies.
The Island Insurance Advisor
c/o Marketing Department John Schapperle
Island Insurance Companies
P.O. Box 1520 President & Chief Operating Officer
Honolulu, Hawaii 96806-1520
Neighbor Islands Toll-Free:
Island Insurance Ranked One of
Hawaii’s “Best Places to Work”
email@example.com Hawaii Business magazine ranked Island Insurance as one of Hawaii’s “Best Places to Work” for 2008 in the large business
category (over 150 employees) for the second year in a row. With over 180 companies participating in the survey, Island was the only
Visit Island Insurance Companies
insurance company to be honored with a Top 10 ranking.
The Best Places to Work survey process was managed by Best Companies Group (BCG), an independent workplace excellence
Island Insurance provides
Auto, Homeowners, Dwelling Fire,
research firm. The evaluation process was based upon a two-part assessment involving a confidential employee satisfaction survey as
Condo, Renters, Flood, Business well as an employer questionnaire, used to collect information about each company’s benefits, policies, practices and other general
and Umbrella Insurance. information.
The Island Insurance Advisor is “We work very hard to sustain an open culture that emphasizes communication, recognition and growth for our employees,” said John
proudly printed in Hawaii.
Schapperle, President and Chief Operating Officer. “We know that our high standards of service can only be delivered by employees
2 that are very satisfied and engaged in their work.”
Contact the Advisor at firstname.lastname@example.org
“Life Stages” Identity Management Program
Free to Homeowners Policyholders
• • • • • • • • • •
“After noticing strange charges on my debit card, “My 14-year old son received a credit card application
I contacted my bank, then Island Insurance. in the mail. Previously, I would have ignored it
They connected me to an advocate at and tossed it in the trash. After hearing about the risks
Identity Theft 911. I had no idea how children face from adults assuming their credit
someone got my debit card information and going undetected until the child applies for a loan,
For the seventh consecutive year, Identity Theft remains and wasn’t sure what to do next. I knew I had to do something. I contacted
the #1 concern among consumers contacting the Federal The advocate was extremely professional, Island Insurance and was connected to a fraud expert
Trade Commission (FTC). clearly explaining each step we would take. at Identity Theft 911. The expert conference-called
He helped me to clear up my account and the credit bureau and together, we placed
Education resources such as alerts and prevention
got the credit bureau on the phone a credit freeze on my son’s file to prevent any credit
information are available at: www.islandinsurance-
to place a fraud alert on my credit report from being established in his name until he is 18.
idtheft.com. Please keep in mind that losses or expenses
to prevent any future damage.” I feel comforted in knowing my son will be protected
incurred in reporting or resolving the effects of identity
– N.W., Honolulu, Hawaii by a service I didn’t realize was available.”
theft are not covered by the Identity Theft Resolution
Service, but may be covered within specified limits if you • • • • • – D.C., Kaneohe, Hawaii
have the Homeowners Insurance Extensions of Coverage • • • • •
IslAnD InsUrAnce “lIfe sTAges” IDenTITy MAnAgeMenT ProgrAM BenefITs
Island Insurance has collaborated with Identity Theft 911®, a leading provider of identity theft management, education
and resolution services to offer Island Insurance homeowners policyholders and their family members free access to
Identity Theft 911®’s proactive platform to help protect themselves before America’s fastest-growing crime strikes.
child risk Determine if a credit file exists for a child.
The experienced resolution experts at Identity Identity Fraud specialists will work with the credit bureaus to suppress a victimized minor’s credit
Theft 911® will lead you through the resolution Assistance file until the child reaches the age of 18.
process one-on-one until your identity is fully
restored. estate Safeguard the identity and financial records of a deceased loved one by
With Island Insurance’s Identity Theft Resolution Identity suppressing their credit file to prevent future fraud.
Assistance Invoke this service immediately after the passing of a spouse.
Assistance, you receive:
• Systematic notification to credit bureaus,
creditors and collectors, government agencies, Medical Resolves the array of problems after your identity has been stolen and used by someone
police and other relevant parties. Identity to obtain medical treatment.
Assistance Helps victims navigate the confusing web of procedures, policies, and laws
• Preparation of all documents and phone calls associated with the healthcare industry.
needed to resolve your identity theft, including
placing fraud alerts.
Disaster Assists victims of a fire, flood, hurricane, earthquake, or other disaster, to quickly
• Direct assistance with filing a police report, recovery recapture the critical documentation needed to rebuild their lives, and defend them
creating a fraud victim affidavit, plus a Assistance against identity theft and fraud.
comprehensive case file to assist law enforcement
and claims handling.
Military Takes proactive steps to protect personal information of military personnel against
• A 3-in-1 credit report and ongoing credit Identity misuse and minimize the risk to their identities, their finances and their families.
monitoring. Assistance A fraud specialist will notify the three credit bureaus to place an Active Duty
Military Fraud Alert on the service member’s credit.
• Ongoing fraud monitoring of more than 1,000
databases to identify fraudulent use of your
stolen identity. Identity Supports consumers to minimize the risk and/or recover from the loss or theft of
relocation sensitive data or documents during a move.
• Optional credit file freezes.
If You Need assIstaNce Simply call us at 564-8222, ask for a claims representative (Neighbor Islands call 1-888-312-2525 and select “1” for claims), and we will
connect you to an expert advocate from Identity Theft 911® to guide you through the restoration process one-on-one.
Fo cus on
Finding your destination used to mean keeping your eyes
on the road while you glance at an oversized map draped
over the steering wheel. Technology and the introduction
of GPs navigation to consumers have transformed how
we find our way.
What is gPs navigation?
In 1973, GPS or Global Positioning system was
developed by the U.S. Department of Defense to be used
for military purposes and in the 1980’s was available for
civilian use. The system is composed of satellites that
orbit the earth and transmit signal information to stations
on the ground (or “receivers”). The GPS receivers on
Earth take that information and use triangulation to
calculate the user’s exact location.
gPs navigational Units
GPs navigational units are portable units that can
either be mounted in your car or transferred from vehicle
to vehicle. Once a destination is entered, it will then
walk you through your trip, giving exact directions to speaking features – A speaking feature on your portable cell Phone Technology
your destination. Current GPS unit prices range from unit can be an important safety feature that will enable
$250 to $600. Nearly all new cellular phones sold have some built-in
you to keep your eyes on the road and listen for directions GPS receiving capability. Those that do not may request
how to choose a rather than scanning the on-street map on your unit. the service from their cellular phone provider.
gPs navigational Unit The additional feature of speaking street names rather
than giving directions such as, “turn left” can help you • GPS cellular phones may need a clear line of sight with
Handheld vs. dashtop – Keep in mind the negotiate in unfamiliar areas, especially in urban areas the sky in order to establish a location and may not
primary use of the unit. Do you prefer a where streets can be close together. work properly indoors.
unit that will remain in your vehicle at all • Be sure your cellular phone stays charged. Because the
times and be primarily used when you are Guidance Options and Internal database – Most units
allow you to choose guidance options that include phone is sending its location every two minutes, it is
driving? Or do you think you might use a using more battery power than it typically does and
GPS for activities such as hiking or biking? plotting the shortest, fastest and even toll-free route. An
internal database will search and navigate you to points will need to be charged more frequently.
Convenience – Look for a unit with a good of interest such as gas stations, restaurants and ATMs. • GPS cellular phones with view screens can often display
battery life, especially if you are using it turn-by-turn direction as well as announce them
outdoors for activities such as walking and modern features – A full-feature model will upgrade
older vehicles with features such as Bluetooth hands-free through the phone’s speaker. These services are
hiking. A battery will enable you to charge available for a monthly fee and use databases of maps
your unit and preload your route before telephone capability, MP3 player and iPod connection as
well as FM transmitter. to provide directions.
you enter the vehicle.
We have all experienced the jarring discomfort of hitting a pothole as you are cruising along the road. In 2006, the city and state paid about $172,000 in pothole damage
claims to Hawaii drivers. In 2007, the City and County of Honolulu repaired over 80,000 potholes vs. over 68,000 potholes repaired in 2006.
reporting a Pothole
• To report damage to your vehicle from a pothole on a City road, call 523-4115. To report the repair of a pothole on a City road, call the City Pothole Report Phone Line
at 768-7777 or you may fill a form online at http://www3.honolulu.gov/genex/main/frmForm.aspx?id=1&sFlag=1.
• To report damage to your vehicle from a pothole or to report a pothole for repair on a State Road or Highway, call the State Pothole Report Phone Line at 536-7852.
Driving Smart and Safe in Hawaii
The Importance of
Properly maintaining your vehicle will not only ensure
its safety and dependability, but may also increase
fuel efficiency. According to the Car Care Council,
performing simple and inexpensive maintenance may
save as much as $1,200 a year in gasoline cost.
Vehicle “tune-up” used to be associated with the routine
replacement of key ignition system parts like spark plugs
and ignition points, along with basic engine adjustments.
Today, spark plugs can last up to 100,000 miles, there are
no points to replace, carburetors to rebuild and you can’t
adjust the engine’s timing.
Vehicle engines are now equipped with sophisticated
electronic ignition and fuel systems, using one or more
onboard computers to control critical engine and Calling 9-1-1
by Cell Phone
transmission management functions.
The Car Care Council estimates more than $60 billion
in vehicle maintenance is not performed every year.
Properly maintaining your vehicle will not only ensure If you encounter an emergency and call 9-1-1
its safety and dependability, but may also increase fuel from a cellular phone, unlike calling from a
efficiency as well as help maintain your vehicle’s value. It Coolant system – Check the coolant reservoir monthly landline phone, your location may not be
is recommended to consult your vehicle’s owners manual (as well as the windshield washer reservoir) and top off automatically located and may delay officials
and follow its preventive vehicle maintenance schedule. It as needed. Thoroughly flush coolant systems and replace from responding to the emergency. The
is also recommended to have the following inspected: with the appropriate antifreeze at least every two years Honolulu Police Department recommends
to minimize metal deterioration and to keep the system providing the following information if you are
• Battery, charging and starting flowing. calling 9-1-1 from a cellular phone.
• Engine mechanical Battery – On the average, a car’s battery will last
Be prepared to tell the 9-1-1 call taker:
• Powertrain control (including onboard diagnostic approximately 3 to 5 years. As part of your vehicle’s
checks) regular maintenance, ask your mechanic to make sure the • The location of the emergency (address,
battery cover is in place and the battery is firmly street intersection, landmarks, city, county,
anchored. Clean the battery of corrosion, especially the mile marker, etc).
• Ignition electrical posts. Corrosion in the battery terminals may • Your cellular phone number.
• Emissions prevent your vehicle from starting.
• Details of the emergency and what type of
* Source: Road and Travel Magazine
Preventive Maintenance* assistance is needed.
Oil Change – The standard rule is to have your engine’s remember:
oil changed every 3,000 miles or every 3 months,
• Stay calm and speak clearly.
including a filter change. Depending on your vehicle’s
driving conditions, the oil change can be extended to up • Stop and pull to the side of the road if you
to 7,500 miles. Some newer cars have sensors that alert are in a moving vehicle. It is difficult to
you when it is time for an oil change. obtain all information needed if you are
traveling further from the emergency.
Brakes – A good rule of thumb is to
check the brakes at the 6,000 to • Do not hang up until the 9-1-1 call taker has
7,500 mile mark (when tires obtained all of the information needed.
should be rotated). An unusual • Be sure to call back if you are disconnected.
noise or a gentle tug on the Since you are calling from a cellular phone,
steering wheel when stopping your call may be disconnected if the signal
are also common warning signs is lost.
it is time to check the brakes.
Fo cus on
In today’s market, many homeowners are choosing to members about the latest techniques
remodel their existing home and customize it to meet and building materials.
their needs versus finding and purchasing a new home. General Contractors – General
According to the National Association of Home Builders, Contractors may do all the work
homeowners spent $210 billion in 2006 on remodeling, themselves and may have some
up from $177.9 billion in 2003. design skills or they may assume
getting started* responsibility for hiring qualified
subcontractors. Contractors order
Before beginning a project, make sure you understand construction materials and see the
what is involved and how it will be accomplished. job is completed according to
Defining your goals – If this is not your long-term home, contract. Contractors are also able to
how will other people feel about your aesthetic choices secure building permits and arrange
such as carpeting and color choices? If you decide to do for inspections as work progresses.
the work yourself, do you have the necessary skills to get subcontractors – If you are acting
the work done? budget and schedule. Contact previous customers or
as your own general contractor, you will need to hire, personally review and examine the contractor’s work.
Budget – Before you make your budget, you will need to coordinate and supervise subcontractors for
know what materials you will need and learn specialized work such as wiring, plumbing or Obtain a Written Contract – A contract should include
the price of potential materials. tiling and will also be responsible for all details about what the contractor will and will not do as
aspects of construction. Some building codes well as include approximate start and completion dates.
• Calculate and list all the materials
require certain types of electrical and • A detailed list of materials for the project should be
you will need and the services and
plumbing work to be handled by licensed included in the contract with information such as size,
labor you will be using as well as any
contractors. color, model, brand name and product.
permits required. Include any
shipping charges or taxes and add finding a reliable contractor** • Known as the “Right of Recision,” Federal law requires a
15 to 20% to the total cost as a contractor give you written notice of your right to,
contingency figure. Hire licensed contractors – Licensed without penalty, cancel a contract within three business
contractors must meet experience, days of signing, provided it was solicited at some place
hiring a Professional* examination and insurance requirements. other than the contractor’s place of business or
Contact the Hawaii state Department of Commerce and appropriate trade premises.
Although there are fees involved, when the scale and
Consumer Affairs (DCCA) Professional & Vocational
scope of the remodel becomes too much, many • Make sure financial terms are understood and spelled
homeowners look to a professional for assistance in their out in the contract. The total price, payment schedule,
home remodel. • To verify if a person is licensed and any cancellation penalty should be clear.
Architect – A licensed architect is trained to create • Request a prior complaint history on a licensee • A warranty covering materials and workmanship for a
designs that are structurally sound, functional and • To file a complaint on a licensee minimum of one year should be written into the
aesthetically pleasing. They are also knowledgeable in contract. The warranty must be identified as either
construction materials, can negotiate bids from Phone: (808) 587-3295, or visit its website at
http://pvl.ehawaii.gov/pvlsearch/app. “full” or “limited.” The name, address, phone and
contractors and are able to supervise the actual work. license number of the party who will honor the
Interior Designers – Even if you are working with an Request References – Use references to check your warranty (contractor, distributor or manufacturer)
architect, an interior designer specializes in the decorating contractor’s work history, reliability and ability to stay on must be identified. Make sure the time period of the
and furnishings of rooms and is able to offer fresh, warranty is specified.
innovative ideas and advice. Through their contacts, a Be sure to put all changes in writing if your remodeling
homeowner has access to materials and products not project is modified while work is being done.
available on a retail level. Both parties should sign an amendment, called a
Kitchen and Bathroom Designers – A designer who “change order.”
specializes in one or both rooms are individuals who are Request a contractor’s “Affidavit of Final Release” be
well-informed on the latest trends in furnishings and provided to you at the time of final payment and a final
appliances. waiver of mechanic’s lien. This is your assurance that you
Look for a member of the National Kitchen & Bath will not be liable for any third party claims for non-
Association (NKBA), a Certified Kitchen Designer (CKD) payment of materials or subcontractors.
or Certified Bathroom Designer (CBD). Each association
* Source: Home and Garden
6 has a code of ethics and a continuing program to inform ** Source: The National Association of the Remodeling Industry
Living Smart and Safe in Hawaii
Be Prepared for Hurricane Season
The Central Pacific Hurricane Season runs from June 1 to • Be sure trees and shrubs around your home are well you should evacuate:
November 30. Since the likelihood of hurricane activity is trimmed. • If you are directed by local authorities to do so.
higher during this period, it is important to be prepared • Clear loose and clogged rain gutters and downspouts. • If you live in a high rise building – hurricane winds are
to ensure the safety and security of you and your family.
During A hurricane stronger at higher elevations.
Before the hurricane season • If you live on the coast, on a floodplain, near a river, or
• Listen to the radio or TV for information.
The Federal Emergency Management Agency on an inland waterway.
• Secure your Home, close storm shutters and secure
recommends taking the following measures to prepare
outdoor objects or bring them indoors. If you are unable to evacuate:
for a hurricane:
• Turn off utilities if instructed to do so. Otherwise, turn • Stay indoors and away from windows and glass doors.
• Make plans to secure your property. Permanent
the refrigerator thermostat to its coldest setting and • Close all interior doors – secure and brace external
storm shutters offer the best protection for windows.
keep its doors closed. doors.
A second option is to board up windows with 5/8”
marine plywood, cut to fit and ready to install. • Turn off propane tanks. Avoid using the phone except • Keep curtains and blinds closed. Do not be fooled if
Tape does not prevent windows from breaking. for serious emergencies. there is a lull; it could be the eye of the storm – winds
• Install straps or additional clips to securely fasten • Ensure a supply of water for sanitary purposes such as will pick up again.
your roof to the frame structure. This will reduce cleaning and flushing toilets. Fill the bathtub and other • Take refuge in a small interior room, closet or hallway
roof damage. large containers with water. on the lowest level. Lie on the floor under a table or
another sturdy object.
d I s a s t e r s u p p lY K I t c h e c K l I s t *
Foods such as canned goods and non-perishable Flashlights. aid kit which includes: prescription
foods (which do not require cooking) or special Masking and duct tape. medications, betadine solution, gauze bandages,
dietary foods if required. adhesive tape, sterile pads, band aids, triangular
Drinkingwater in non-breakable, air tight bandages, safety scissors, non-prescription
containers. At least 2 quarts per person per day. Extra batteries for radio and flashlights. medication, sunscreen and insect repellent.
Check or replace your water supply every two Personal
items such as soap, deodorant, shampoo, Sleeping bags or blankets, sheets and pillows.
months to ensure its purity. toothbrush, toothpaste, aspirin, antacid, diapers, Change of clothing, plus an extra pair of shoes.
cash, valuable papers, insurance washcloth and towels.
Pet supplies (food, water, medications, carrier or
policies and photos in waterproof containers (or Utensils:manual can opener, disposable plates, cups, other supplies).
place valuable papers and policies in a safe deposit plastic forks, knives, spoons and napkins.
Carrying container to store Disaster Supply
box). Personalaid items such as eyeglasses, hearing aids, Kit items.
Battery operated radio (all weather radio preferred). prosthetic devices and extra batteries. * Source: Federal Emergency Management Agency
Does a Standard Homeowners Policy Cover Water
Damage Resulting from Sewer or Drain Overflow?
No, a standard Homeowners Policy only covers the uncertainties of day-to-day living such as theft, fire and personal liability. If your home is damaged as a result of water
backing up through sewers or drains or water overflowing from a sump pump (even if such overflow results from the mechanical breakdown of the sump pump), your
Homeowners Policy will not cover the cost of the resulting damages. However, optional coverage is available.
Over 20% of the city’s sewer mains are over 50 years old with nearly 10% of those being over 100 years old. the Water Back up and sump Overflow Endorsement is
available to Island Insurance Homeowners Policyholders to cover damages (up to $5,000) for direct physical loss (not caused by the negligence of any insured) to protect
your home in the event of damages resulting from sewer backups or drain overflow. If you think you may be at risk or have questions about this additional coverage,
please contact your independent agent for more details.
ISLAND INSURANCE U.S. Postage
P.O. Box 1520
Honolulu, Hawaii 96806-1520
Permit No. 1023
Sample A. Sample
1234 Any Street
City, State ZIP
T h e I s l A n D I n s U r A n c e
Practical Information for Safer Families, Cars and Homes
Vol. 7 No. 1 June 2008
How Do I Know if My Home is
Insured to Its Actual Value?
To ensure proper coverage is provided on a Homeowners or • Your home’s purchase price or market value was used to You will need to answer the following in a Replacement Cost
Dwelling Insurance Policy, Island Insurance and its partner set its value for insurance purposes; Estimator Form:
agents use a form called a Replacement Cost Estimator as • The square footage of your home was determined by • The Type of Construction of your Home (e.g. Frame
an aid to determine the approximate cost of replacing a taking inside measurements, or based on a real estate or Masonry)
home. Although the Replacement Cost Estimator form advertisement; • The Type of Home (quality of building materials and
is not considered the equivalent of a certified appraisal,
• Your home has unique architectural details or building workmanship, etc.)
it is helpful in assisting the Homeowner estimate
materials that were not noted in a home appraisal done • The Square Footage of the Home and the Cost Per
for insurance purposes; Square Foot
Notify your Independent Insurance Agent of any home
• The last insurance appraisal of your home was conducted Properly insuring your home to its actual value is critical in
improvements you may have recently made to your home.
more than five years ago; ensuring your home can be replaced in a total loss situation.
Additionally, please contact your Agent about properly
insuring your home to its replacement cost if you answer • You haven’t reviewed your insurance coverage with For more information or to complete a RCE form, contact
“yes” to any of the following: your Independent Insurance Agent and had a your Independent Insurance Agent.
Replacement Cost Estimator (RCE) form completed
in five or more years.
T h e I s l A n D A D vA n TA g e
• Hawaii’s Largest Locally Owned and Managed Property & Casualty Insurance Carrier
• “A” (Excellent) rated by A.M. Best & “A” (Strong) by Fitch Ratings, two of the world’s oldest and most
authoritative insurance company financial rating organizations
• Honolulu-based Customer Service Center (564-8111 and Neighbor Islands Toll-Free: 1-888-312-2525)
• Local 24-hour Claims Service (564-8222)
• Island CertifiedSM Authorized Auto Repair Shops on Oahu, the Big Island, Kauai and Maui feature
comprehensive repair capabilities and quality service levels
• Serving Hawaii’s families and businesses since 1939
• Full range of auto, home and business insurance products
The vAlUe of The InDePenDenT InsUrAnce AgenT
• Licensed professional with strong customer and community ties
• Provides numerous options from recognized insurance companies
• One-on-one servicing; treats you like a person, not a number
• Provides assistance following an accident or catastrophe
The Island Insurance Center on King and Bethel Streets; • One-stop-shop for many types of insurance policies
8 a cornerstone of the Downtown business community.