Guide to Insurance for New Homeowners in South Carolina

The Perfect Insurance for Your Home

Your home is the center of your life; it’s also your most significant investment. So it is crucial that you cover the unique risks your home might one day face with home insurance. Southern Insurance Group will help you find the right policy, one that will take care of both small and large risks that come with owning a home.

Risks and Threats

• If the event of a fire, you could lose your home and personal belongings
• Without adequate home insurance, you would be left with no way of raising the necessary funds to pay off the balance of your mortgage.
• Alongside property damage coverage, home insurance can also protect you from more common things such as pipe leaks and off-premises theft.

Protect Your Home With the Right Insurance.

It can be overwhelming to find the perfect policy for your unique home needs. Southern Insurance Group makes things easier by customizing an insurance policy that provides you with the best coverage for your home at the right price for you.

Your Home is Different, So Your Coverage Should Be Too.

We offer a variety of options for your home insurance policies, all of which can be tailored to fit the needs of your home and lifestyle. It is best to consider the list below when reviewing your home insurance options:

• Fire
• Personal Property/Contents
• Property Damage
• Additional Living Expense/Loss of Use
• Jewelry, Fine Arts, & Collectibles
• Medical Expenses
• Personal Liability
• Miscellaneous Coverage
• Personal Injury
• Umbrella
• Excess Liability Coverage
• Flood Coverage
• Secondary Home
• Collectible Cars
• Wine Collection
• Water Back-Up
• Off-Premises Theft

Is Your Current Home Insurance Right for You?

Do you feel that your present home insurance covers all of your home needs? It’s more than likely that your current policy is not benefitting you as much as it could be. As your insurance provider, Southern Insurance Group will work with you to best determine the threats your home faces and customize your coverage to address your specific concerns. Whether you live in a one-story house or a mansion, it’s your home, and you want to make sure you have everything you need to keep it safe. And your home deserves more than the bare minimum.

Vacation Homes

Now that we have discussed insuring your primary residence, it is essential that you understand your options for any secondary homes you may have. Insuring a secondary property can be a confusing process, so we listed a few basic guidelines and points for you to consider.

The Difference Between Secondary and Seasonal Homes

The precise definition of a seasonal or secondary home varies from insurer to insurer, so ask your Southern Insurance Group advisor about it. A secondary home is considered a property that you stay in for short periods of time. A seasonal home is a home where you may stay longer but usually at particular times of the year.

What Makes it Different From Your Primary Home’s Insurance Policy?

There is much overlap between the general principles of vacation home insurance and homeowners insurance. However, there are two main differences. One being that vacation homes are more likely to be left unattended for extended periods, which increases the risk of burglary. The other difference is the increased risk of potential damage from fires or flooding.

Lower Overall Coverage Limits

Since it is less likely that you’ll keep a lot of valuables at a secondary or seasonal residence, coverage limits will often be lower at a seasonal or secondary home.

All of these are reasons to take your time to find a vacation home insurance policy that provides you with the specific coverage you need at a fair and reasonable price.

If you have any questions or would like to learn more, contact us.