Recommended Insurance for Greenville, South Carolina

Greenville, South Carolina is a fantastic place to live or own a business. With wonderful food, shopping, entertainment, and more, Livability ranked Greenville in their Top 10 Best Places to Live in the U.S.

Based in Greenville ourselves, we couldn’t agree more!

Whether you plan on living there, operating a business there, or both, we’ve developed a list of insurance policies that we recommend to anyone in Greenville looking to protect what matters most.

Life Insurance

• With term insurance you pay regular premiums for a set period, and the policy only pays out if you die during this period. This is the cheapest form of life insurance compared to the amount of death benefit coverage you can buy.
• Term with living benefits is slightly more expensive than regular term but allows the policy to pay out if you have a critical, terminal, or chronic condition.
• Whole life insurance can be “paid up” over a specified number of years (ie 10, 20, 30 years, etc) or you can pay it your entire life or until the policy can support itself. It offers better guarantees than other permanent policies but might not grow as aggressively as an indexed universal life policy but also has less risk. Loans can be withdrawn from the policy tax free as the cash value accumulates and would be paid back at the death of the insured or as the client sees fit.
• Universal life insurance can provide lifetime protection, builds cash value, has flexible premiums, the cash value grows on a tax-deferred basis, and the death benefit is tax free to beneficiaries. It doesn’t have the same guarantees as whole life since it is tied to the stock market.
• Premiums depend on your age, medical history, and payment amount.

Need some help with life insurance? Please contact us to receive expert advice from one of our Insurance Advisors.

Personal Insurance

• Provides you with peace of mind for unexpected, blink-of-an-eye situations
• Dedicated to protecting you from the unexpected through our top-quality insurance coverage
• Customized for your needs and budget

Below are a few of the ways that Southern Insurance Group can help you with personal insurance.

Home Insurance

• Without home insurance, this nightmare could be your reality—coming home to a ransacked, flooded, or burnt down house.
• Even with insurance coverage, you may pay more out of pocket than expected.

In these circumstances, people not only lose their homes but without the right coverage; they are left footing the bill. With Southern Insurance Group, your home will be protected and secured from any unexpected dangers homeowners face daily.

Secondary Home Insurance

• A vacation home is much more likely to be left unattended for extended periods. This increases the risk of burglary as well as the risk of damage from fires or flooding.
• Coverage limits will usually be lower at a secondary home since you are less likely to keep valuable possessions in a vacation property.
• It’s worth your time to find the perfect vacation home insurance policy that can provide you with the specific coverage you need.

Vacant Home Insurance

• Standard home insurance policy can reject coverage if your home is vacant for 30 days when a loss occurs.
• A vacant home can bring unwanted attention from unsavory individuals looking to loot or squat in the empty house.
• Vacant homes have an increased risk of fire, flooding, and theft.
• Some vacant home insurance policies can cover risks such as fire, flooding, wind, hail, and theft.

Southern Insurance Group will also help you by covering the costs of repairing or replacing your home if damaged or destroyed.

Condo Insurance

• Without coverage, you would have to replace all of your lost or damaged possessions out-of-pocket.
• Most condo policies only protect the shell of your unit
• The right coverage protects from damage caused by theft, fire, severe wind, lightning strikes, and frozen pipes.
• Condo insurance does not usually cover flooding.

Southern Insurance Group’s condo insurance is designed to compensate for this shortfall.

Flood Insurance

• Don’t listen to the naysayers, flood insurance is important even if you don’t live in a high flood risk area or flood plain.
• Most insurance companies don’t cover floods, meaning homeowners are left up the creek without a paddle.
• Flooding can cause you to lose most of your possessions, face major reconstruction work, or even be left homeless while your property is made habitable again.

Don’t take any chances with your home. Contact Southern Insurance Group for more information.

Business Insurance

• With business insurance, a customized policy is the best way to protect your business.
• Property insurance will cover any risks associated with your business premises
• Liability insurance covers the damage to people you deal with and their property.

Commercial Property Insurance

• Commercial property insurance helps you keep your assets secure if they are stolen, damaged, or destroyed in a fire or natural disaster.
• Some policies protect you from additional costs you may face when rebuilding a damaged facility, like being exempt from local building codes.

Manufacturer Insurance

• Our dedicated manufacturer policy covers your specific risks, allowing you to concentrate on your business.
• The manufacturer’s selling price clause means that if your stock is damaged or destroyed, you get a payout for the price you would have sold the items for—not the price you paid.

Restaurant Insurance

• Restaurant insurance goes above and beyond for restaurant owners. Most restaurants will usually only cover risks to property, such as the building and equipment, along with liability to customers and staff.
• General and professional liability are essential elements as well.
• General liability covers patrons injured on your property and property damage and can protect you from potential lawsuits.
• Professional liability will protect your restaurant if someone gets sick from spoiled food products.

If you have any questions or would like to learn more about our insurance policies, contact us.