Hawaii has approximately ~180,000 condo units. Average HO-6 (condo) insurance premium is $980/yr, or $68-$110/month. The dominant HOA master policy type is "All-in", and we recommend at least $75,000 recommended in loss assessment coverage.
Avg HO-6 Premium
$980/yr
$68-$110/month
Master Policy Type
All-in
Determines what YOU need
Loss Assessment
$75,000 recommended
Recommended limit
| Topic | Detail | Notes |
|---|---|---|
| Condo unit inventory | ~180,000 condo units | Tracks the size of the local condo market |
| Master policy form prevalence | All-in | Bare walls-in needs more individual coverage |
| Top HO-6 carriers | USAA, Farmers, State Farm, Allstate, Island Insurance | Premiums vary 30%+ between carriers |
| Loss assessment recommendation | $75,000 recommended | Default $1K is dangerously low |
HO-6 premiums vary by master policy type, building age, deductible, and personal property coverage. Loss assessment claims have spiked since the Surfside 2021 collapse drove tighter inspection requirements in many states.
Hawaii has one of the highest condo densities per capita in the nation, with roughly 180,000 units concentrated on Oahu (Honolulu, Waikiki, Kakaako), Maui, Kauai, and the Big Island. Hawaii Revised Statutes §514B-143 mandates that HOAs insure condo units to full replacement cost — a requirement that typically results in all-in master policies covering original interior finishes. This means Hawaii unit owners often need less Coverage A on their HO-6 than owners in bare walls-in states, but the cost of living and extreme construction costs still drive premiums to among the highest in the nation. The Big Island faces lava flow and volcanic eruption risk (particularly in Leilani Estates and lower Puna), which is explicitly excluded from standard policies and requires specialized coverage.
Hawaii condo owners should verify that their HOA master policy truly is all-in and covers improvements they've made above the original spec. HRS §514B-143 sets a floor, but individual associations vary in how comprehensively they implement it. Loss Assessment coverage of $75,000 is advisable given Hawaii's extraordinarily high repair costs — post-hurricane roofing work on Oahu can cost three to four times mainland rates. For Big Island owners near active volcanic areas, check whether lava flow and earth movement coverage is available as an endorsement; some private specialty carriers offer it. Standard policies exclude earthquake, tsunami, and flood, each of which requires a separate policy given Hawaii's Pacific island exposure.
Your HOA's master policy covers the building's structure and common areas. Your HO-6 covers everything not insured by the master — typically interior walls, floors, fixtures, personal property, liability, and loss assessments. The MASTER POLICY TYPE matters most: in a "bare walls-in" building, you're responsible for drywall inward.
If a covered loss exceeds the master policy limits or deductible, the HOA charges each unit owner a special assessment. Loss assessment coverage on your HO-6 reimburses you up to its limit. Default is usually $1,000 — but post-2021 Surfside collapse and Florida's SB-4D inspection law, $50,000+ is now recommended for older buildings.
Hawaii Revised Statutes §514B-143 requires condo associations to maintain property insurance for the full replacement cost of the common elements and units, typically resulting in all-in master policies; however, unit owners still need HO-6 for personal property and liability.
💡 Hawaii Pro Tip
Hawaii HO-6 premiums average around $980 per year, or $68–$110 per month, making it one of the most expensive states for condo insurance. Honolulu and Waikiki condos typically run $850–$1,300 annually. Maui resort condos can reach $1,200–$1,800 per year. Big Island condos in volcanic risk zones may face higher premiums or coverage restrictions.
Hawaii law requires HOAs to insure condo units to full replacement cost, so most carry all-in master policies that cover the building and original interior finishes. Your HO-6 primarily covers improvements and upgrades you've made above the original spec, your personal belongings, personal liability, and additional living expenses if displaced. Even with an all-in master policy, do not skip your HO-6 — the master policy may have high deductibles that result in loss assessments, and your personal property and liability are never covered by the HOA.
Standard Hawaii HO-6 policies cover wind damage from hurricanes but exclude flood, earthquake, tsunami, and volcanic eruption. Each requires a separate policy: flood insurance through NFIP or a private carrier, earthquake insurance through a private insurer, and — for Big Island owners — specialty lava flow/earth movement coverage if available. Given Hawaii's exposure to multiple catastrophic perils, a comprehensive coverage review with a local independent agent is strongly recommended.
Condo inventory and premium estimates from state insurance department filings and NAIC condo market data, May 2026. Always verify your HOA's master policy form before purchasing.
Michael Torres
Editorial Lead, Catastrophe & Commercial Property
This article was researched and written by the Cover Forge USA editorial team against federal sources (NAIC, CMS, FEMA, DOL, SSA, state DOIs) and standard policy forms. Bylines organize content by topic — they do not assert individual licensure. See our editorial-policy for details.
Reviewed May 2026
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This site provides general educational information only and is not a substitute for professional insurance advice. All rates, data, and coverage details are estimates and may not reflect your actual premiums. Insurance availability and pricing vary by state, insurer, and individual risk factors. Always consult a licensed insurance professional in your state before making coverage decisions.