Homeowners Insurance in Rock Hill & Throughout the Carolinas
Keep your home and the people who live there protected with home insurance from CIIG. Our knowledgeable advisors will help you figure out what type of homeowners insurance policy you need.
With a team of dedicated insurance advisors who have been helping clients protect their homes since 1990, CIIG is the best place to get homeowners insurance in Rock Hill, & Greenville, South Carolina. Call us today for a quote.
What is Homeowners Insurance?
Your home is filled with memories and people you love and cherish. Sometimes, accidents happen in a home, such as weather damage, a break-in, vandalism, a fire, or an injury. Homeowners insurance can protect you financially by giving you back the value of your home when it incurs damage. Generally, mortgage lenders will require homeowners to have insurance before they approve the loan.
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When you get a homeowners insurance policy, you will have a deductible. This is the
amount that you will need to pay out of your pocket before the insurer will reimburse you for costs associated with your approved claim. Your insurance broker can help you figure out what deductible makes the most sense for your situation.
Types of Home Insurance Coverage
The coverage you receive from your homeowners insurance policy can vary. Here are the general coverages available.
RENTERS
INSURANCE
If you own or rent, we can provide the protection you need.
Home Insurance Pricing in Rock Hill & Greenville, SC
Getting the right policy for your home depends on many different factors. Similar to many other policies, the bones of your homeowner's or renter’s policies can directly affect the cost of your premiums. Our advisors will help you make the hard choices, such as whether you should raise your deductible or help you honestly assess the cost to rebuild your home. We’ll also give you great advice on the to-do items you can check off to lower your rates like installing a home security system or updating your home with high-impact windows and doors.
What Does Home Insurance Cover
How important is your homeowner’s insurance policy? In terms of protecting you and your lender from financial loss, having the right policy is key. There are a handful of standard coverage inclusions that you’ll find in almost any policy from any state. You can expect to find medical coverage for guests to your home, protection for your personal property, and inclusion protection for the essential structure of your home.
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However, there may be specific limits or exclusions that you should watch out for, depending on where you live. For example, South Carolina is a coastal state and sees more hurricanes than the Midwest so additional coverage for floods or even specifically for hurricane damage may be necessary.
What to Consider Before Purchasing Homeowners Insurance
If you are buying a home, you should have homeowners insurance. It protects you, your belongings, your family, and any guests who visit. Before you buy your insurance policy, consider the following:
How much coverage you need?
Better coverage can cost more upfront but will save you a lot of money if you ever have to file a claim. Some lenders will set a minimum policy coverage that you need to get before you can receive your funds. You can always get more than the minimum to make sure you are fully covered. Our advisors can help you make sure you’re getting the best coverage for your needs.
Do you qualify for discounts?
Bundling multiple insurance policies can help you save money by giving you a noticeable discount. We offer home, auto, and life insurance that you can bundle to save.
Do you need additional coverage?
Homeowners insurance doesn’t cover everything. You will need to purchase separate coverage for earthquakes and floods, as general homeowners insurance policies do not include these. You also may require additional insurance to cover things like a swimming pool, trampoline, or a garden.
FAQs About Homeowners Insurance
1. Is Homeowners Insurance the same as a Home Warranty?
No, these are two very different things. Homeowners insurance is a contractual agreement between you and an insurer that is usually required by mortgage lenders. It will cover costs (after your deductible) associated with loss and injury due to a covered incident. A home warranty is optional and covers things like appliance repair and HVAC servicing.
2. How does Homeowners Insurance work?
If your home suffers damage or loss from theft, you will need to file a claim with your
insurer. This claim will identify the type of damage or loss incurred and will help the insurer determine how much you need to pay and how much they will cover.
The amount you receive will depend on your policy’s limits, your deductible amount, and
whether your coverage is based on your home’s depreciated cash value or the replacement value of your home and your belongings.
3. How is actual cash value different from replacement value?
When you purchase home insurance, you can decide whether you want to insure your home and belongings for either actual cash value or replacement cost. Actual cash value is the amount that it would cost to replace or repair your home’s damage after appreciation.
Replacement cost refers to how much money it would cost to replace or rebuild your home or to repair damages to your home with materials of similar quality and kind without deducting money for depreciation. If you choose this option, we recommend insuring your home for at least 80 percent of its replacement value.