Anyone who lives in your area knows that the best South Carolina home insurance quotes include protection for meteorological events that can appear out of nowhere, damaging and sometimes destroying homes and valuable belongings.
While a standard policy covers quite a bit, it’s important to remember that flood damage is not usually covered in a standard policy and will require its own rider. In fact, it’s important to take a look at any of the limits and limitations on your policy if you live in a risky weather area so that you are sure you are covered.
Standard insurance doesn’t cover some valuables
In a weather disaster, it’s easy to lose jewelry, antiques, electronics and artwork. These are expensive items that may well require additional coverage if you are to claim the loss and be able to replace them. Make certain you have considered all of your belongings and their value before you update your policy.
If you have renovated, you need to immediately update your coverage, especially if you have installed new plumbing, rooftops or wiring. Not only do you want to assure coverage, but you also might get discounts for that kind of an upgrade.
The most useful and financially wise thing you can do is make certain that the replacement value of your dwelling is updated every year, if necessary. If the home is a complete loss, you will want to replace it. Facing a loss of that kind would not be the time to discover that you are underinsured.
Review your insurance each year
It’s smart to set a date each year to review your coverage and bring it up to date. That should probably happen each year before hurricane season, so you know you are protected. While you are doing that, check to see that you are getting all of the discounts you qualify for. The biggest discounts are usually for having home security, bundling your coverage and for a good claim history. But other discounts may also apply and it’s worth checking into.
The biggest problem you can encounter is having a lapse in coverage. This works against you in pricing, even if it was accidental. Be sure your policy premiums are paid in full when billed or set them up on auto-pay if you think you might forget. You might even pick up a discount for setting up automatic payments; many carriers give them.