Homeowner insurance coverage in South Carolina is included among the Top 20 states with expensive annual insurance premiums for a condo, mobile home, or manufactured home.  Ranked at No. 14, average insurance rates in the state cost $724 to $851.

The high cost of insurance is due to the state’s proximity to the coast, making it prone to hurricanes. And, not surprisingly, South Carolina has had its share of devastating natural calamities.

Much like the state of Rhode Island, some insurance companies have been engaging in questionable practices to the detriment of homeowners who are already burdened by high insurance premiums.

Some of these abuses include:

· Refusal to accept new policy applications

· Cancellation or non-renewal of existing policies, especially if the home is located near the coast or other high risk areas for floods

· Higher deductibles

· Questionable claims, wherein deductibles are based on the percentage of the home’s insured value instead of being based on the percentage of the claim.

These questionable practices have led to the passage of the Omnibus Property Insurance Reform Act in 2007, which allowed for the increase in number of reputable private insurance companies in the state.

A basic homeowner insurance policy in South Carolina covers the home (including detached structures like garages and sheds) and personal property. Liability coverage protects against lawsuits and claims arising from bodily harm or property damage to someone else, and also the medical expenses of the injured.

Despite the risks posed by hurricanes, only windstorm damage is listed among the covered perils in the basic policy, clearly excluding floods. Since most insurance companies do not offer flood coverage even as a special add-on, it is best to secure a separate flood policy from the National Flood Insurance Program

Given the high cost of insurance in South Carolina, it is important that every homeowner should take note of the following factors that could influence insurance rates:

· Location:  Homes located in flood-prone or high crime areas would have higher rates. Full disclosure about the site should be obtained before building or buying property.

· Distance from a fire department or fire hydrant:  Homes that are far away from a fire station or fire hydrant would have higher premiums.

· Age of the home:  Older homes are more expensive to insure.

· Construction of the home:  Homes made from sturdy materials, such as brick and concrete, would have lower rates compared to wood or frame houses.

· Credit Score:  A poor credit score (resulting from lapses in payments of credit card bills and student loans, just to name a few) would mean higher insurance rates.

· Electrical and plumbing systems:  New household systems and systems that are being carefully maintained by the homeowner have less chances of failing, so discounts to premiums will apply.

· Home security system:  Fire and burglar alarms and water sprinkler systems also entitle the homeowner to insurance discounts.

· Multiple policies:  Getting additional policies such as car and life insurance would entitle the homeowner to additional discounts.

· Quitting smoking:  Smoking is considered a fire hazard, so quitting this nasty habit has an equivalent discount in the policy.

· Senior Citizen Discount:  Applicable to homeowners 55 years old and above.

While an expensive insurance rate could be a burden to homeowners with tight budget, homeowner insurance in South Carolina is a worthy investment if one is desirous of protecting his or her home and personal property from many kinds of perils.

 Find  homeowner insurance rates in each of these South Carolina cities:

Aiken – Anderson – Beaufort – Bennettsville – Berea – Burton – Camden – Cayce – Charleston – Chester – Clemson – Clinton – Columbia – Conway – Darlington – Dentsville – Dillon – Easley – Five Forks – Florence – Forest Acres – Fort Mill – Fountain Inn – Gaffney – Gantt – Garden City – Georgetown – Goose Creek – Greenville – Greenwood – Greer – Hanahan – Hartsville – Hilton Head Island – Homeland Park – Irmo – Ladson – Lake City – Lancaster – Laurel Bay – Laurens – Lexington – Little River – Lugoff – Marion – Mauldin – Mount Pleasant – Myrtle Beach – Newberry – North Augusta – North Charleston – North Myrtle Beach – Oak Grove – Orangeburg – Parker – Red Bank – Red Hill – Rock Hill – Sans Souci – Seneca – Seven Oaks – Simpsonville – Socastee – Spartanburg – St. Andrews – Summerville – Sumter – Taylors – Union – Wade Hampton – Welcome – West Columbia – Woodfield – York

Homeowner insurance in South Carolina provides coverage in the event of damage to your property from theft, fire, floods, and natural disasters as well as protects you from liability for injuries or damage caused to people on your property. The right homeowner insurance plan  can help you make the best choices about this important protection for you and your family. Get free quotes on home owner insurance in South Carolina above.

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