South Carolina Home
As a homeowner, you know how expensive it can be to purchase
South Carolina home insurance, especially if
you live along the coast. The best way to keep South
Carolina homeowners insurance under control is to learn the
many things you can do to help keep your home insurance quotes under
control, then shop and compare rates between insurance
Rising South Carolina Home Insurance
RatesHomeowners insurance rates have risen sharply
over the past few years in South Carolina and these increases
are forecast to continue. One of the primary reasons is
the increased cost of construction, labor and materials within
the state. The population of South Carolina has also
continued to grow, which means that the risk for loss is
greater now in each zip code due to a higher concentration of
homes. While homeowners are always pleased that their
residences have appreciated when it comes time to sell, the
increased value of those homes has also driven the cost of home
insurance in South Carolina higher as well.
Factors Affecting South Carolina Home
Insurance QuotesWhen you apply for a home
insurance quote in South Carolina, each insurance company will
originally look at the same information, including:
- Age and value of the home
- Property maintenance – if repairs are needed, do you
make them promptly?
- Credit history – Individuals with a good credit history
statistically are much more reliable to pay their premiums
in full on time.
- Previous claims on the property and the reason for
those claims – was each claim the result of an act of God
or due to negligence?
- Amount of insurance coverage requested – you must
insure your home to at least 80% of its full value to have
your losses paid in full. If you underinsure your
property, you might not have the coverage you need in time
Saving Money on South Carolina Homeowners
InsuranceFortunately there are both general and
specific ways to save money on the cost of home insurance rates
in South Carolina. The most common ideas, such as
increasing the amount of your deductible and combining your
home insurance and auto insurance with the same company, will
of course assist in this area. But given South Carolina’s
risk for damage due to hurricanes and tropical storms, there
are many improvements you can make which will not only keep
your home safer during those “Act of God” events, they’ll lower
your home insurance rates as well.
Discounts are available for homes which have features such
as hurricane shutters over each window and entry way, as well
as reinforced garage doors. Replacing plain windows with
wind and impact resistant glass can also lower your rates.
One of the best things you can do is strengthen the
connection between the walls and roof of your home. This
can only be done when you are originally building or replacing
the roof, but it makes a significant difference in the security
of your home during a storm. If you have the opportunity,
incorporate these changes into your home’s first level of
defense – the roof.
- Use hurricane straps and clips to further secure the
rafters and trusses to the foundation.
- Add self-adhering flashing tape on top of the joints to
create an additional water barrier in case the roof is
damaged or destroyed
- Select roofing materials that meet the latest standards
for wind and hail resistance, which are capable of taking a
much tougher beating during bad weather. Make sure to
even check the boxes the materials come in to ensure you
are using the right products, since they look the same as
standard roofing materials.
- Closely watch as the shingles are positioned on your
new roof to ensure that each is properly attached, which
further strengthens the final result.
New South Carolina Home Insurance
LawsA new law covering non-renewal of South
Carolina home insurance went into effect in June, 2007 giving
homeowners more notice in case their present insurance company
decides not to renew their policy. South Carolina home
insurance providers must now give a 60-day notice if the policy
expires between November 1 – May 31, and 90-day notice for
expirations from June 1 – October 31.
South Carolina home insurance companies may choose not to
renew for any reason, but they must tell you that reason when
notifying you of their decision. The only loophole is if
your only claims have been filed due to Acts of God, in which
case you cannot be denied due to the claim history of the
Policies may be cancelled at any time within the first 120
days for any reason. They may also be cancelled for
non-payment with only a 10 day notice.
Compare South Carolina Home Insurance
RatesNow that you know how insurance rates are
determined and the many things you can do to lower them, its
time to shop and compare companies. Fortunately
Insurance-Rates-Online makes this the easiest step of
all! Just enter your zip code and you will instantly be
given a list of insurance providers offering home insurance
coverage in your area. Request a free quote from the
three or four providers that appeal to you most. Before
you know it, you’ll have the coverage you need at the best
possible price. What are you waiting for? Enter
your zip code now!