HI HB1502

Requires insurers to provide policyholders with a list of items that may be covered as additional living expenses when claims are filed under homeowners insurance policies issued or renewed on or after January 1, 2026

Mandates minimum 24-month coverage for additional living expenses during state-declared emergencies, with possible 12-month extension (up to 36 months total) for good-faith delays due to material or contractor shortages

Allows insurers to offer at least 30% of dwelling structure policy limit (up to $250,000 maximum) for contents coverage without requiring itemized claims when a furnished primary residence is a total loss during a declared emergency

Permits policyholders to rebuild at a new location or purchase an existing structure elsewhere without losing building code upgrade or extended replacement cost benefits, up to what repairs at the original location would have cost

Provides policyholders at least 36 months to submit replacement cost receipts, with two optional 6-month extensions for unavoidable delays such as permit issues, material shortages, or contractor unavailability