Need a Homeowners Insurance comparison in the Carolinas?
If you’re like most homeowners in the Carolinas, your home is your most valuable asset, and should be protected as such. When your home is damaged or destroyed, you need your claim settled by an insurance company that understands the importance of the place you call home.
Allen Tate Insurance can help you find the best homeowners insurance that will best meet your needs, while providing the most valuable combination of tailored coverage, quality service and competitive pricing.
Note: If you are looking for homeowners insurance for a rental property or home that is unoccupied, you cannot use traditional homeowners insurance. You need a “specialty dwelling” policy that we can also help you with.
Regardless of where you live, homeowners insurance is one of the most important insurance policies you could ever own.
It’s important to understand that no two homeowners insurance policies are created equal. Insurance companies offer different levels of coverage, endorsements, and riders, while having unlike conditions and limitations.
If you’re not using an independent agent, it could be very difficult to tell the difference between two homeowners policies.
Whether you own or rent, insuring where you live can help protect you financially if you suffer a loss due to fire, theft, vandalism, or other covered events. It will also cover you in the event someone is injured while on your property, and wins a legal judgment against you.
Homeowners insurance policies differ by which losses are covered, which coverages you choose, and what type of residence you own. You could choose a comprehensive policy that cover losses such as fire, hail, smoke, falling objects, vandalism and theft of personal property, or a policy that covers only specified losses.
Common Homeowners Insurance Coverages
These are some common coverages you typically see on a policy:
Dwelling — this portion of your policy that covers the actual structure of your home. The cost to replace your home can fluctuate from time to time, based on the cost of raw material, labor, along with supply and demand.
We’ll run a replacement cost analysis on your home to see how much it would cost if you had to rebuild.
Other Structures — this covers any structure on your property that is not permanently attached to your house. This would be fencing, driveways, sidewalks, and detached buildings. Usually this coverage is 10% of your Dwelling limit, but can be increased if you want more coverage.
Personal Property — this covers all of your personal belongings, such as clothing, furniture, electronics, and appliances. Anything that would fall out of your house if you turned it upside down would be considered personal property.
Loss of Use — this covers your living expenses if you need to live somewhere temporarily due to your home being uninhabitable because of a loss.
Medical Expense —this covers medical expenses for guests if they are injured on your property. It does not cover health care costs for you or other members of your household.
Family/Personal Liability — Personal Liability Coverage applies if someone is injured, or their property is damaged, and you are to blame. The coverage generally applies anywhere in the world. When choosing your liability coverage limits, consider things like how much money you make and the assets you own. Your personal liability coverage should be high enough to protect your assets if you are sued. In some situations, an Umbrella policy may be necessary to provide extra coverage.
Scheduled Personal Property — there are some situations where you might want special coverage for valuables, jewelry, guns, collectibles, rugs, etc.
How to get started with your homeowners quote
Every home is unique, and therefore requires a carefully crafted policy.
If you’d like us to review your current policy and provide you with quotes, call our office, or click over to Quotes to get the process started.