Homeowners Insurance Protection in South Carolina

While Homeowner Insurance is not mandatory by law, a lender or other entity or person with an interest in the home may require homeowner insurance.  You should carry homeowner insurance as it can help to cover a loss you otherwise could not afford.

Replacement Cost is the amount it would take to rebuild or replace damaged property using comparable materials and labor at current prices.  Market Value is the estimated price a property would bring on the open market.

Home Insurance usually covers windstorm events including hurricanes and tornadoes unless the policy has a windstorm and hail exclusion.  However, a higher deductible may apply for these events.

Earthquake coverage is usually not included in a home policy and must be added as an additional coverage or insured on a separate policy.

Flood insurance is not included in a standard home insurance policy and must be purchased separately.