Hawaii state law requires you to insure your automobile and retain a valid Hawaii motor vehicle insurance identification card within your vehicle at all times.

Auto insurance covers your expenses in the event of an accident. These costs include vehicle damage and/or injuries to other drivers, passengers or pedestrians.

While some select an insurance policy based on cost, there are other important factors to consider. Take into account your finances and assets when selecting the most effective coverage for you. Keep in mind that auto insurance protects you financially in the event of an accident that results in vehicle damage, medical-related costs, as well as your other personal property from liability.

Purchasing minimal coverage may impact your personal assets should you be found at fault for an accident. Below are types of coverage to protect yourself financially:

• Liability: Liability coverage comes in two forms: bodily injury and property damage liability. These cover damage to others and their property. They do not cover the driver or passengers.
• Personal Injury Protection: This type of coverage will cover medical expenses related to the driver and passenger injuries.
• Uninsured or Underinsured Motorist: This covers you in the event that the person who hits your car does not have enough insurance to cover the damage — or any coverage at all.

Homeowners insurance protects your most valuable investment against damage and theft. It also covers for costly repairs following a storm or natural disaster.

Coverage also includes personal items in your home that are stolen or destroyed by a covered hazard. Home insurance may reimburse you for the value of furniture, electronics, appliances and clothing.

It also protects your family from financial risk, including liability from injuries that may occur on your property

Renters insurance covers you against damage or theft of personal items in the home or on the property. For urbanites, the low cost of renters insurance can be well worth the peace of mind that it provides.

Did you know that homeowners insurance does not cover damage from flooding? To protect your home, be sure to understand the risk of flooding and what your insurance options are.

If your home is near a stream or in a flood zone, you should consider flood insurance to protect yourself. Flood insurance can be purchased through an agent or insurer that participates in the National Flood Protection Program. Visit www.FloodSmart.gov for more information.

Hurricane insurance is supplemental to homeowners insurance. It specifically covers wind-related damages from a hurricane. If wind-related damage is caused by a tropical storm and you file a claim, it would be through your homeowners insurance. It’s important to note that the Central Pacific Hurricane Center is responsible for issuing hurricane watches and warnings for the State of Hawaii.

With lawsuits potentially running into the millions, an umbrella insurance policy is additional liability insurance coverage that provides coverage for claims over and beyond the limits afforded by your existing auto and homeowners policies.

This can protect you against excess liability judgments for loss, injury or even death caused by negligent acts.