Simpsonville, SC is part of the Greenville metropolitan area and it has over 24,000 residents.
Homeowners in Simpsonville, SC are susceptible to extreme weather, fires, property crimes, and other events that can lead to devastating property damage.
Reliable homeowners insurance can help protect your investment in your Simpsonville, SC home. Homeowners insurance enables you to recover financially when your home or belongings are damaged.
A local independent insurance agent can help you find the best homeowners insurance in Simpsonville, SC.
What Is Homeowners Insurance?
The primary purpose of homeowners insurance is to protect you from the costs of property damage caused by events like fires, storms, tornadoes, theft, and so on. Your homeowners insurance should reimburse you for the cost of repairing or rebuilding your home and replacing damaged possessions.
Homeowners insurance also provides liability insurance, which protects you if you or a family member causes injuries or property damage to a third party.
What Does Homeowners Insurance Cover in Simpsonville, SC?
Your Simpsonville, SC home insurance policy covers numerous risks you may face as a homeowner, including damage caused by fires, severe weather, theft, etc. Your policy includes the following types of property coverage:
- Dwelling coverage: Pays to repair and replace your damaged or destroyed home.
- Contents coverage: Pays for damage to your insured personal property, such as furniture, clothing, artwork, etc.
- Other structures coverage: Covers any detached structures on your property (e.g., sheds, fences, detached garages).
- Loss of use coverage: Pays for additional living expenses (hotel bills, food, etc.) if you are forced to live somewhere else while your home is being repaired.
You will want sufficient dwelling coverage to repair or rebuild your house and enough contents coverage to repair or replace all of your personal property. If a catastrophic event like a fire destroys your home, you will have some financial support.
Homeowners insurance in Simpsonville, SC also includes homeowners liability coverage. It protects you when someone claims you have caused an injury or property damage. It covers the injured party's medical expenses or property damage expenses that you're responsible for. It also covers court costs, legal fees, and even financial settlements or judgments levied against you if you are sued.
What Is Not Covered by Homeowners Insurance in Simpsonville, SC?
Homeowners insurance covers a wide range of problems that homeowners can encounter. But it’s important to recognize that homeowners insurance policies in Simpsonville, SC do not cover damage caused by flooding.
Flooding is one of the top five risks for homeowners in South Carolina, but fortunately, Simpsonville has only a minor flood risk. In Simpsonville, there are over 600 properties that have a greater than 26% chance of being severely affected by flooding over the next 30 years.
If you have an elevated flood risk where you live, it's good to consider purchasing flood insurance to supplement your home insurance policy. When you buy a policy through the National Flood Insurance Program (NFIP), you can affordably get up to $250,000 in structural coverage and $100,000 in contents coverage for your home.
In addition to excluding coverage for flood damage, the liability coverage in your homeowners insurance policy in Simpsonville, SC will not protect you in all situations. If, for example, you hurt someone because of an intentional act, your liability coverage will not cover you. You can find all the exclusions to your liability coverage in your policy documents.
And remember, whether you purchase a basic policy or a policy with more comprehensive coverage, almost all homeowners insurance policies in Simpsonville, SC will exclude coverage for damage caused by the following:
- Ordinance or law (e.g., demolition or construction required to bring your house up to code)
- Earth movement (e.g., earthquakes, sinkholes, landslides)
- Water damage due to floods, sewer back-ups, and water that seeps through the foundation
- Power failure
- Nuclear hazard
- Intentional acts
- Governmental action (e.g., destruction, confiscation, or seizure of covered property by any governmental or public authority)
- Loss to property resulting from faulty zoning, bad repair or workmanship, faulty construction materials, and defective maintenance.
Be sure to understand your policy's exclusions when purchasing your homeowners insurance.
How Much Does Homeowners Insurance Cost in Simpsonville, SC?
South Carolina ranks 17th in the nation for the average cost of homeowners insurance. Comparison shopping can help you find the best policy for your needs and budget.
- National average yearly premium: $1,211
- South Carolina's average yearly premium: $1,269
When you receive quotes for homeowners insurance in Simpsonville, SC, expect your premiums to be more or less than average. Everyone’s homeowners insurance rates are different because insurance costs are based on your individual home's characteristics and the amount of coverage you need.
The type of home you have (one-story, townhome, two-story, etc.), as well as its age, size, and value, are the first characteristics that insurance companies use to determine your home insurance rates. They also consider the types of materials used in your home's construction, as well as several other factors, such as:
- Your claims history and credit score
- Your coverage limits and the deductible that you choose
- The crime rate and weather risks in your city or ZIP Code
- Whether you are bundling your coverage with other policies like car insurance
Shopping around is the best way to ensure that you get the best price. An independent insurance agent can get quotes from multiple insurance companies, so you can compare costs and coverage and make the best choice for your needs and budget.
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What Common Disasters and Claims Are Covered by Homeowners Insurance in Simpsonville, SC?
Simpsonville, SC homeowners may be affected by a variety of disasters and other reasons to file an insurance claim. South Carolina has experienced 38 federally declared disasters since 1953. And the top five property risks for homeowners in South Carolina are:
- Hurricanes and tropical storms
- Ice storms and freezing
- Burglary and other property crimes
- Wild and residential fires
- Flooding and other water damage
Most of these are generally covered by homeowners insurance in Simpsonville, SC except for flood damage.
If, for example, you experience a break-in, burglary, or other property crime, it's good to know that your home insurance can help you recover from your loss. Burglaries and property crimes can be a problem in South Carolina. The statewide burglary rate is higher than the national average.
- Number of burglaries per 1,000 people in the US: 3.76
- Number of burglaries per 1,000 people in South Carolina: 5.80
Remember that many insurance companies offer home insurance discounts to policyholders with security features installed in their homes, including burglar alarms, video surveillance systems, barred windows, and deadbolt locks. Be sure to ask your insurance agent about any potential home security discounts for which you may be eligible.
Cheap Homeowners Insurance Near Me
Everyone has a household budget, so finding the best rate on home insurance in Simpsonville, SC is essential. But buying cheap homeowners insurance can also lead to problems down the road.
In other words, “cheap” and “best value” are not always the same. The best way to approach your search for homeowners insurance is to shop around not just for the cheapest policy, but also for the policy that offers the best coverage to protect your home and that fits your budget.
Suppose you don't have enough homeowners insurance when something goes wrong. In that case, the financial consequences could be far more devastating than spending a few extra dollars a year to ensure that you have adequate coverage.
Be sure to discuss the difference between actual cash value home insurance policies and replacement cost home insurance policies with your independent insurance agent. The way they reimburse you for a claim can mean the difference between full and partial recovery after a loss. While one is cheaper, it may also leave you without adequate coverage when you need it most.
What Are the Best Homeowners Insurance Companies in Simpsonville, SC?
Finding the best homeowners insurance companies in South Carolina can be simple. A local independent insurance agent can help you get home insurance quotes from multiple insurance companies so that you can select the best policy for your needs and budget.
How Can an Independent Insurance Agent Help Me Find the Best Homeowners Insurance in Simpsonville, SC?
Instead of getting an online quote, find an independent insurance agent now, and get a one-on-one consultation and affordable options for the best coverage for your unique needs. Your agent will work with you free of charge, offering you a variety of options so you can make the best choice.
What’s more, your agent will be there for you when claim time comes. They know the ins and outs of the process and will make sure your claim is handled appropriately.
Contact an agent today for a free, no-obligation consultation.