Sanford Homeowners Insurance

Your Complete Guide to Sanford, NC, Homeowners Insurance

How to connect with a local expert

North Carolina Homeowners Insurance

Sanford, NC, is known as one of the nation's largest producers of pottery and brick. Home to industrial centers and commerce, this city is an enterprising place. With over 29,313 residents, Sanford has a small-town feel with big city access.

If you own a property in this charming place, you'll want a policy that protects you. Fortunately, an independent insurance agent can help with coverage at an affordable price. Connect with a local expert to begin.

How Disasters Are Covered on Your Home Policy in Sanford, NC

When a natural disaster or catastrophe hits, your home policy needs to be prepared. There are specific coverages that home insurance will supply to protect your property and family. You'll need to review your limits before a loss to ensure you have enough insurance. Take a peek at the top exposures in Sanford, NC:

  1. Hurricanes and tropical storms
  2. Burglary and other property crimes
  3. Flooding and water damage
  4. Severe storms and lightning damage
  5. Wildfires and residential fires

Sanford's weather-related statistics:

  • The number of natural disasters in Sanford: 12
  • Major presidentially declared disasters in Sanford: 8 
  • Emergencies declared in Sanford: 4

The causes of these Sanford natural disasters are from a variety of things. Some are more common than others, but your home insurance should have coverage if you're adequately insured. Let's look at the top three causes in Sanford, NC:

  1. Hurricanes: 6 declared as a disaster
  2. Ice Storms: 2 declared as a disaster
  3. Blizzard: 1 declared as a disaster

Why you need flood insurance:

Home insurance will exclude coverage for flood damage. When flooding occurs, you'll be without protection and have to pay the expense on your own. Since flooding is among the top three concerns in Sanford, this is a policy you don't want to miss. 

Does Your Sanford, NC, Home Insurance Cover Burglaries?

Break-ins can occur anywhere. Whether your house is by the white sand and clay beaches that Sanford is known for or is a mobile home, you're at risk. Look at the burglaries per 100,000 households below:

  • National average: 376.00
  • North Carolina average: 599.90
  • Sanford average: 542.70

When you experience a burglary, your home's insurance needs to be sufficient. The median household income in Sanford, NC, is $47,612. With 76,860 claims reported in 2019 alone, you'll need coverage for all the what-ifs.

What Goes into Your Sanford, NC, Home Insurance Premiums?

Various things affect your Sanford home insurance premiums. There are ways to cut costs, and it's key to know what they are. First, let's look at the average homeowner's premium:

  • National average: $1,211
  • North Carolina average: $1,086

Risk factors the carriers use:

  • Where you live
  • How many claims you've filed
  • How new your house is
  • How close you are to a fire department
  • How close you are to a fire hydrant
  • The materials of your home
  • Your credit score
  • If you have a pool, trampoline, or pet
  • The square footage of your home
  • How much it costs to replace your home

Risk factors you can improve:

Improving your credit score

  • Filing fewer insurance claims
  • Updating your roof, electrical, plumbing, or heating

Another way you can save is by bundling your home and auto insurance. When you put your policies with the same carrier, you'll get deep discounts. Some companies offer 30% or more off coverages. 

Liability Insurance Options in Sanford, NC

There were 56.23 billion home insurance losses in the US in 2018. To say you need adequate liability coverage is an understatement. Homeowners liability insurance will defend household members due to the following:

  • Bodily injury to others
  • Property damage to others

Two ways to have protection is through your Sanford home insurance policy and umbrella insurance. An umbrella policy gives extra liability limits when your underlying policy has been exhausted. Coverage starts at $1,000,000 and can go up from there. 

How to Insure Your Airbnb in Sanford, NC

The median gross monthly rent in Sanford, NC, is around $726. When you own an Airbnb in this industrial town, you could pull in a lot more than that due to revolving tenants. Before you buy insurance for your investment, there are some things you need to know. 

A standard home policy won't appropriately insure your short-term rental property. You'll need landlord insurance to have all your exposures covered. A landlord policy will provide insurance for third parties as well as your interests. 

Connect with an Independent Agent in Sanford, NC

North Carolina paid out $1,379,438,000 for property damage claims in 2016 alone. If a claim occurs, you'll want the best coverage in town. Fortunately, an independent insurance agent can help.

They have access to several markets, giving you options on policies and premiums. And since an independent agent does the shopping at no cost to you, you'll save big. Connect with a local expert on in minutes. 

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