Getting Insurance for your Home
Do not forget about that all important home insurance when you are looking for a first or new home. Make sure you get numerous quotes and different agents so you can find the coverage you need at the best possible rate. Here in Charleston SC, insurance can be a challenge especially if you are in the wind & hail pool areas. This designated areas require you to have the government mandated wind and hail policy along with your standard hazard policy and in many cases may require a flood policy or an earthquake policy. Yes, earthquake insurance, most people do not know that Charleston is on a major fault line and you can never be too safe with insurance on a home.
Some things you can do to reduce you insurance costs include the following:
- bundle your policies (auot, home, life, etc) together to get the best possible rate
- increase your deductible, a good tip here is to increase that deductible to $2500 or $5000 and then put that money into a savings account or CD that you can access easily so it is there and ready when you need it
- add an alarm system or other updates that your provider gives discounts for having in a home
Also - if you are buying a condo or townhouse that is in a regime, do not forget about your contents insurance. This policy is generally called an HO6 Condo Rider. Usually the hazard policy of the regim just covers up the walls and you are responsible for everything else. Many time your lender will not even require this but it is a must have to protect your belongings.
Feel free to email me a firstname.lastname@example.org or call me at 843-209-9667 and I will send you my list of preferred insurance providers.
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