Condo Deductible Exposure Planner

Transparent method

Formula and limits

When a stated allocation is entered, the modeled share equals the master deductible × that percentage. Otherwise it uses deductible ÷ units. The worksheet then subtracts the entered coverage and cash reserve, never below zero. Actual responsibility can differ based on governing documents, law, facts of the loss, policy terms, and association action.

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Verify before choosing coverage

• Current master-policy limits, deductibles, covered causes, exclusions, valuation, and effective dates.
• Association and unit-owner responsibility under the declaration, bylaws, house rules, and current statutes.
• Whether the proposed HO-6 policy responds to the specific kind of loss assessment or deductible scenario.
• Coverage limits, exclusions, sublimits, deductibles, conditions, and insurer requirements.

• Hawaiʻi Insurance Division consumer resources
• DCCA condominium owner and buyer resources

Related resources

Continue the review

Use the document checklist and the Hawaiʻi condo decision center before relying on a unit price or monthly fee.