WeVote
Log In

Bill

Bill

SB 805

RELATING TO CONDOMINIUM INSURANCE.

2026 Regular Session Introduced by Stanley Chang and 6 co-sponsors

SB 805 modifies Hawaii condominium insurance requirements to adjust coverage standards and financial responsibility between unit owners and associations.

Carried over to 2026 Regular Session.
#appropriations($) #associationsofapartmentowners #condominiuminsurance #condominiumloanfund #hawaiicondominiummutualinsurancecompany #propertyandcasualtyinsurance #reports
0
WeVote Research Nonpartisan
Bill Summary · SB 805

Legislative bill overview

SB 805 addresses condominium insurance requirements and regulations in Hawaii. The bill modifies existing condominium insurance statutes, though specific amendments are referenced as "SD 1" but detailed provisions are not fully outlined in the legislative history provided. The measure passed committee with amendments and advanced through the legislative process before being carried over to the 2026 session.

Why is this important

Condominium insurance directly affects the financial obligations and protections of Hawaii's condo owners and residents, who represent a significant portion of the state's housing stock, particularly in urban and resort areas. Insurance requirements impact monthly assessments, property maintenance standards, and dispute resolution between unit owners and condominium associations. Changes to these regulations can shift financial burdens between individual owners and associations or alter coverage standards statewide.

Potential points of contention

  • Coverage mandate clarity: Disputes may arise over what specific insurance coverage is mandatory versus optional, and who bears the cost responsibility (individual owners vs. associations)
  • Assessment impact: Stricter insurance requirements could increase monthly condo assessments, affecting affordability for residents and property values
  • Lender and insurer coordination: Changes may create conflicts between condo association insurance policies, individual unit owner requirements, and mortgage lender mandates

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.