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For immediate release
New York Press Office: (917) 923-8245; media@iii.org��

NEW YORK, July 24, 2020—Hurricane Douglas is headed toward��Hawaii��and the����have the potential to cause property damage statewide later this weekend, according to the����(Triple-I).

“The National Hurricane Center is currently forecasting Douglas to be at hurricane strength when it approaches Hawaii this weekend.�� While it will likely weaken somewhat from its current intensity by the time that it gets there, Hurricane Douglas could still cause significant impacts on Hawaii,” said����who also leads the Tropical Meteorology Project in the Department of Atmospheric Science at Colorado State University (CSU).

Hawaii homeowners and renters insurance policies usually provide coverage for almost all standard perils (e.g., fire, explosion) and liability; however, some policies exclude hurricanes.

In Hawaii,����to protect their property from those specific natural disasters, and to supplement their homeowners and renters��insurance policies.

“In addition to encouraging consumers to buy the appropriate coverage, the Triple-I has been outspoken about the need to bridge the flood insurance coverage gap and build more resilient communities through its��,” said��, CEO, Insurance Information Institute. “In fact, the average take-up rate for flood insurance in the entire state of Hawaii is 12.6 percent, which is an alarming recovery gap for citizens.”

Most of Hawaii's hurricane insurance policies have a "72-hour clause," which means that once a hurricane watch or warning is issued by island, by the National Weather Service, damage sustained through the 72-hour period following the cancellation of the watch or warning for the island will be covered under a hurricane policy, according to��.

Only a��, available through FEMA’s National Flood Insurance Program (NFIP) and some private insurers, can protect a homeowner, renter, or business from flood-caused property damage. Most U.S. natural disasters involve flooding, and standard homeowners, renters, and business policies do not cover flood-caused damage.

An auto insurance policy's����covers wind, hurricane and flood-caused property damage to vehicles.��About four out of five U.S. drivers opt to purchase comprehensive coverage.

Business insurance policies, which offer coverage for property damage, may also come into play, according to the Triple-I.

Iniki was the costliest hurricane in the state’s history, causing��$1.6 billion��in insured losses when it struck��Hawaii��in 1992. The $1.6 billion figure is equal to��nearly $3 billion in today’s dollars.

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