Homeowners insurance in South Carolina*

Finding affordable insurance for your home is getting harder to do every year, and it stands to reason. Increasingly expensive natural disasters makes it difficult for insurance companies to keep rates down.

But the carriers we partner with are built for this ever-changing world. They’ve reimagined traditional policy forms to bring homeowners in South Carolina an innovative policy called House & Property insurance, or HD3 policy.

You can adapt a House & Property policy to fit how you use your home. Much like landlord insurance, or dwelling fire insurance, the House & Property base policy gives you the coverage you need when you rent out your home. People who live in their home all or most of the year simply add an owner-occupied endorsement to get the coverage found in a standard homeowners insurance policy, also called an HO3 policy.

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If you’re looking for financial strength in an insurance company ﹘ and you should be! ﹘ you can’t do much better than our carrier partners. They have both earned ratings of A - Exceptional from Demotech, Inc.* This rating means they’re  financially stable and have the ability to pay even catastrophic claims.

How to protect your home with us

For South Carolina homeowners, House & Property insurance that can cover:

• The main dwelling
• Other structures on the property (like the swimming pool or garage)
• Personal property (valuables)

The flexible House & Property policies can cover homeowners whether they occupy the property or rent it out. For homeowners who live in the house they’re insuring, House & Property insurance may also cover your:

• Additional living costs if covered damage forces you to temporarily live elsewhere
• Personal liability if someone sues over property damage or physical injuries
• Guests’ immediate medical bills

If you rent your home to others, then you can typically get some of your rental income covered when claims force your tenants to move temporarily.

House & Property policies insure your dwelling on an open-perils basis. This means perils are covered unless specifically excluded by the policy language. Some of the most common events that cause damage are typically covered, including fire, theft, wind, and hail.

House & Property insurance deductibles in South Carolina

House & Property insurance policies typically have three deductibles:

AOP deductible. This is your standard deductible that applies to most covered claims. Options include $500, $1,000, $1,500, $2,500, or $5,000, $10,000.

Hurricane deductible. A hurricane deductible applies to damage caused by hurricanes and named storms. You can choose a flat-rate deductible of $500, $1,000, $2,500, $5,000, $7,500, or $10,000, or a percentage deductible of 1%, 2%, 3%, 4%, 5%, or 10%.

Wind/hail deductible. A wind/hail deductible applies to damage caused by hail and wind from a storm that doesn’t reach named-storm status. You can choose a flat-rate deductible of $500, $1,000, $2,500, $5,000, $7,500, or $10,000, or a percentage deductible of 1%, 2%, 3%, 4%, 5%, or 10%.

South Carolina homeowners insurance FAQs

Is home insurance mandatory in South Carolina?

The state of South Carolina does not require you to get homeowners insurance. However, your lender most likely will demand you have home insurance if you have a mortgage. Some may also require flood insurance depending on where you live.

Is hurricane insurance required in South Carolina?

Hurricane insurance isn’t actually a product you can buy, so it’s not required in South Carolina. That said, you can find coverage for damage caused by hurricane winds in your homeowners insurance policy. Water damage from a hurricane is another story. You usually need flood insurance for that.

Is wind/hail coverage required in South Carolina?

South Carolina homeowners are not required to get wind/hail coverage. However, the state has mandated that insurance companies make wind/hail coverage available to coastal homeowners since 1971.

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