A Beginner’s Look at South Carolina Homeowners Insurance


If you are someone who is not familiar with South Carolina homeowners insurance, you can benefit from some basic information. Homeowners insurance is a necessary part of buying your first home. It will be required by your lender and will protect your investment in case of serious damage.

Take a look at some basic information regarding South Carolina homeowners insurance. Once finished, you will be ready to shop around and better understand the options available.  


Types of Coverage

The type of South Carolina homeowners insurance that you purchase will depend upon your living arrangements. A homeowners insurance policy can be tailored to cover any of the following:


  • Apartments
  • Condominiums
  • Mobile homes
  • Modular homes
  • Rented Spaces
  • Stick-built homes
  • Townhomes


As a renter of space, no matter the type of space, the owner will have insurance on the structure, but you will have to insure your personal belongings. You will also want to consider liability insurance to protect yourself in case you or your guests cause any damage to the property.


Standard Coverage

A standard South Carolina homeowners insurance policy will have several different elements. Put together, these elements make up the complete coverage of your home. A standard homeowners insurance policy will offer the following coverage.


  • Structure of home: includes the foundation, roof, walls, etc.
  • Personal property: includes all noted personal property that you would like covered. Will necessitate an inventory list to be submitted to the homeowners insurance company.
  • Liability: protects you in case someone is injured while on your property or their property is damage while on your property.
  • Other structures: includes garages, sheds, pools or any other structures on your property.
  • Additional expenses: this generally includes the costs you incur if you are unable to stay in your home. Can include hotel bills, food, lost income from renters and possibly excess gas for your work commute.


Each of these coverage areas can be manipulated by policy limits and specific causes and conditions that may cause the damage to form the South Carolina homeowners insurance policy that meets your specific needs.


Cancellation and Renewal

When you purchase a South Carolina homeowners insurance policy, you must be aware of the renewal options and cancellation policies. Homeowners insurance policies have an expiration date and most are renewed automatically. However, South Carolina homeowners insurance companies can decide to not renew your policy. If they do, they must give you 30 days notice of the decision as well as a written explanation why.

In the first 90 days of a policy, your insurance provider can cancel your homeowners insurance for any reason. Afterwards, cancellation of the policy requires the insurer to give you 30 days notice and a written explanation.


Online Rate Quotes

No matter the type of homeowners insurance you seek, you can save money and time by shopping online using rate quotes. These online rate quotes allow you to quickly compare policies and prices to determine the best alternative for you. If you are looking for convenience of shopping and low prices on the best policies, then take the 15 minutes or so it requires to gather at least 5 South Carolina homeowners insurance rate quotes.

With these quotes and the financial stability of the prospective companies, the customer service history of the companies and the policies offered, you are ready to choose the best South Carolina homeowners insurance company for you.

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