Hawaii HB1341 proposes tax credits for insurers offering full property coverage to condominiums, aiming to incentivize insurers and improve access to.

Hawaii HB1341 aims to address the issue of aged condominium buildings in Hawaii by offering tax credits to insurers who provide full property coverage, including windstorm, hurricane, hail, flood, fire, and localized perils, to condominium owners and associations. The bill seeks to incentivize insurers to offer comprehensive coverage, which is necessary for federally insured lending programs like Fannie Mae and Freddie Mac.

Hawaii HB1341 proposes tax credits for insurers offering full property coverage to condominiums, aiming to incentivize insurers and improve access to.

Hawaii HB1341 aims to address the issue of aged condominium buildings in Hawaii by offering tax credits to insurers who provide full property coverage, including windstorm, hurricane, hail, flood, fire, and localized perils, to condominium owners and associations. The bill seeks to incentivize insurers to offer comprehensive coverage, which is necessary for federally insured lending programs like Fannie Mae and Freddie Mac.