Home Insurance Coverage options in Lancaster, South Carolina
On a home insurance policy, a higher deductible usually lowers your premium by shifting part of the loss payment to you. For example, if you had a $1000 deductible, you would be responsible for paying the first $1000 of the covered loss.
The amount you pay for your home insurance in Lancaster, SC depends on many factors. Let’s look at some of those:
Protection for Your Home
Property or Dwelling Coverage typically pays to repair or rebuild your home if it’s damaged or destroyed by an insured event like a fire or windstorm.
Protection for You and Other People
Personal Liability Coverage applies if someone is injured or their property is damaged by some negligence on your part. When choosing your liability coverage limits, consider your net worth. Your personal liability coverage should be high enough to protect your assets if you are sued.
Medical Coverage
This is not to be confused with your health insurance policy. This covers medical expenses for guests if they are injured on your property.
Protection for Your Belongings
Your home is filled with furniture, clothes, electronics, and other items that mean a lot to you. Personal Property Insurance helps replace these items if they are lost, stolen, or destroyed because of a covered loss.
Scheduled Personal Property Coverage
This is additional coverage a lot of people neglect. If you have special possessions such as jewelry, art, antiques, or collectibles you may want to have additional coverage. It provides broader coverage for specific items.
If You Rent Out Your Home
Landlords may have the option to buy optional liability coverage for the risks posed by tenant-occupied dwellings.
Protect the Things that Matter to You
Make an inventory of your home and personal belongings. If possible, make a list as well as take photos or video. Keep this list somewhere other than your home. Back it up online or store it somewhere away from your home. Are you worried you are not completely covered? For additional protection beyond your home insurance policy, consider an umbrella insurance policy.
Whether you are a home or condo owner, a renter, or a landlord, we work with you to find a home insurance policy that fits your needs. We specialize in making it easy to choose the insurance coverage that gives you the best value for the best price. Every home is unique. Carriers like Progressive and Travelers differ in what types of home insurance coverage they provide or homes they will insure. Talk to us today to find out how to get the best price and coverage for your insurance needs. Read our article on Seven Ways to Reduce Your Home Insurance Premiums in Lancaster, SC. Visit our YouTube Channel on everything insurance. You can click here to get access to our Home Insurance Resources page on topics to protect your home.