HI HB1502

Requires insurers issuing homeowners policies on or after January 1, 2026 to provide policyholders with a list of items commonly covered as additional living expenses when a claim is filed.

Mandates minimum 24-month coverage for additional living expenses if a covered loss occurs during a declared state of emergency, with optional extensions up to 36 months if reconstruction is delayed by lack of materials or contractors.

Requires insurers to offer contents coverage payment of at least 30 percent of the dwelling policy limit (up to $250,000) for total loss of furnished primary dwellings during declared emergencies without requiring itemized claims.

Prohibits insurers from denying building code upgrade or extended replacement costs if a policyholder rebuilds at a new location following total loss, provided the indemnity does not exceed replacement costs at the original location.

Requires insurers to allow policyholders at least 36 months to submit receipts for replacement costs and permits two additional 6-month extensions if delays occur due to permit issues, material shortages, contractor unavailability, or other circumstances beyond the policyholder's control.