North Myrtle Beach Homeowners Insurance

What Your North Myrtle Beach, SC Homeowners Insurance Policy Needs

Find the right homeowners insurance policy for you.

In 1968, four existing municipalities located just north of Myrtle Beach joined together to form the city of North Myrtle Beach, SC. Today, this city is home to about 14,000 people and home to a number of beach hotels and vacation rentals as well as residential neighborhoods. If you own a house in this Atlantic Coast city, you will want to be sure to protect your investment by purchasing a suitable North Myrtle Beach home insurance policy.

When you are shopping for a wide-ranging and affordable policy for your home, you can enlist the help of knowledgeable independent insurance agents in our network. These independent agents are able to gather an assortment of customized North Myrtle Beach homeowners insurance quotes from select, competing providers so that it is easy for you to compare rates and find the best policy to meet your household’s coverage and budgetary needs. Find an agent near you to get started.

  • National yearly premium average: $1,034
  • South Carolina yearly premium average: $1,134
  • 13th most expensive premium in the U.S.

Unfortunately for those shopping for North Myrtle Beach home insurance, homeowners in South Carolina pay higher-than-average rates for their coverage. Of course, rates often vary from one homeowner to the next, so these figures should be used only to give you a general idea of how much your policy may cost. When you contact insurers to request a quote, they take a number of factors into consideration. Your rates are influenced by such things as these:

  • The ZIP code where your property is located
  • The use of the home you are insuring: primary residence, second home or vacation home
  • The estimated value and rebuilding costs of the house you are insuring
  • The year your house was built and the materials used in its construction
  • The type of home you are insuring (i.e., single-family dwelling, manufactured home, condominium, etc.)
  • The amount of property coverage you wish to include with your coverage
  • The amount of your deductible
  • The incidence of a swimming pool or other liability hazard on the property

Every insurance company has its own way of assessing risk and calculating rates, so each is likely to quote you a different price for your coverage. It is, therefore, a good idea to compare a few North Myrtle Beach homeowners insurance rates before you make a selection. That way, you can be sure that the policy you choose is the one that offers you the best value for your money.

Insurance for Vacation Homes and Second Homes

Many of the homes in North Myrtle Beach are vacation home or second homes used as rental properties. If you own homes in addition to your primary residence, these properties need to be covered by their own home insurance policies. Rates on these properties are likely to differ from your primary policy because they can be influenced by additional factors such as the following:

  • Whether the property sits unoccupied and unattended for several months out of the year
  • Whether the property is located in an area with a high risk for severe weather
  • Whether the property is used as a rental unit
  • Whether the dwelling on the additional property is a beach house, condominium, duplex, manufactured home, single-family dwelling, etc.

Be sure to discuss the insurance needs of all your additional homes with your local agent who can make appropriate policy recommendations and can help you find affordable coverage.

Number of Thefts in South Carolina

  • National number of burglaries: 37,814
  • South Carolina number of burglaries: 40,958

The burglary rate in South Carolina is higher than the national average; and unfortunately, the rate in North Myrtle Beach is rather high as well. This may be due, in part, to the large number of tourists and travelers who are in the area. In recent years, there were 279 burglaries reported in this city. That equates to 19.02 burglaries per 1,000 households — more than three times the national rate of 6.11 burglaries per 1,000 homes.

One of the most effective crime deterrents is a home burglar alarm system. If you have one installed in your home, you are not only less likely to be targeted by burglars, but also you might even qualify for a discount on your North Myrtle Beach homeowners insurance policy. In the ill-fated event that your house is broken into and property is stolen, you might gain some peace of mind from knowing that your North Myrtle Beach home insurance company compensates you for your losses. You need a copy of the police report, as well as a detailed inventory of your stolen items when you file your claim.

Number of Catastrophes in South Carolina

  • Number of catastrophes in South Carolina: 621
  • Number of tornadoes in South Carolina: 13
  • Amount of property damage in South Carolina: $12,050,000
  • 1 in 15 insured homes has a claim each year

The risk of tornado activity in this area is actually quite low, as it is 34 percent less than the national average. This does not mean that residents are immune from this threat, however. For example, in 1965, an F3 twister touched down less than 1 mile away from the North Myrtle Beach city center. It injured 46 and caused nearly half a million dollars’ worth of property damage.

Catastrophes like tornadoes, hurricanes and house fires can cause extreme, sometimes total, damage to your home. You can protect your finances against such ruinous losses by ensuring that your North Myrtle Beach homeowners insurance policy includes a sufficient amount of property coverage. Allow your agent to help you determine how much coverage is enough and whether or not any special endorsements are needed to fully cover your particularly valuable belongings.

What Are the Risks in North Myrtle Beach, SC?

The biggest property-damaging risk that North Myrtle Beach homeowners face is that of hurricanes. As a resident of an Atlantic Coast city, it is important that you be prepared to evacuate if necessary. Hurricane season runs from June through November, with a peak in activity between late August and October.

Hurricanes bring heavy rains and destructive winds that can significantly damage your home and property. It is important that you ensure that your North Myrtle Beach homeowners insurance policy offers coverage against this destructive type of storm. Some policies may require you to purchase supplemental coverage or special endorsements to be covered. Your local agent will be aware of the risks you face as a North Myrtle Beach resident and will help you ensure that the policy you choose includes all the coverage you need.

Compare North Myrtle Beach Home Insurance Quotes

The only way to be certain you are getting your North Myrtle Beach homeowners insurance policy at a reasonable price is by comparing the rates and policy offerings of a few competing insurance companies. Unfortunately, many consumers skip this step because they find it to be too time-consuming and confusing. As a result, they end up paying more than they need to for their home coverage.

Savvy homeowners in North Myrtle Beach, on the other hand, opt to work with the experienced independent agents in our network. These local agents will take the time to learn your coverage needs and will then contact a variety of insurance companies to make rate inquiries on your behalf. That way, you can quickly and easily compare a selection of customized North Myrtle Beach home insurance quotes. 

With offices conveniently located in and near the city of North Myrtle Beach, it is easy to find an agent near you.

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