It’s important to secure the proper insurance for your property so that, in the event of an unforeseen circumstance, you may receive the reimbursement you need. Homeowners insurance is not a requirement under Cheraw, SC law, but your lender will usually require it until your balance is paid. 

What Types of Hazards Does Homeowners Insurance Commonly Not Cover?

Flooding is a common occurrence that can be devastating to your foundation and frame, creating vast water damage and eroding the structural integrity of your home. This hazard is one that was covered in decades past, but that became too expensive for insurance companies to continue including. 

There is now a national program that handles situations involving flooding, and your Ingram Insurance representative can help you obtain specific indemnification to protect against these events. Mudflow can also potentially fall under your flood insurance hazards. 

Earthquakes are another peril that will need its own separate dedicated policy, particularly if you live within the state of California. This is categorized under the movement of the earth and can also extend to situations like sinkholes.

Residents of other states besides California can sometimes purchase an add-on or an endorsement, but it is nevertheless a coverage type that cannot be assumed to be part of a standard homeowners policy.

Other problems that are usually exempt are overflowing sewage systems or sump pumps and malfunctions that occur due to owner neglect. Rot and mold as well as insects and pests, chewed wires, termite infestations, and rusting are, likewise, often outside the scope of coverage. 

Ingram Insurance Can Help You

We are specialized in providing superior insurance products and services to our clients, and we invite you to reach out to us by phone, internet or stop by the office to discuss your needs. Ingram Insurance serves those who live in and around Cheraw, SC. 

South Carolina regularly incurs hurricane damage and although Cheraw, SC lies 102 miles inland, the winds and rains of hurricanes still reach it. We just don’t incur the wrath of tidal surges.

Does my home insurance cover hurricane damage?

Your home insurance covers wind damage, but you may want to check your policy to ensure it provides enough coverage. Your policy protects your financial investment in your home by insuring it against damage from named perils, such as hail, fire, etc. This differs by state, so if you recently moved to South Carolina from a state that required a separate hurricane insurance policy, you only need your home policy in SC.

A hurricane includes wind, tidal surge (flood), rain, lightning, and frequent hail. Your home policy protects you financially against damage from all of those perils except the tidal surge flood. (That’s a rising water flood and only covered by flood insurance.)

The damage from a hurricane can include water damage though. Let’s say a tree gets struck by lightning and falls on your home. It knocks a hole in your roof that allows rain to enter. This type of water damage from a hurricane your home policy does cover.

At Ingram Insurance, we encourage home buyers about to become homeowners to buy their policy before June, when hurricane season begins. If you already own your home, think about increasing your insurance coverage before June, so you can better protect yourself financially through the hurricane season’s end in November.

Give Us A Call

Contact us at Ingram Insurance serving the Cheraw, SC area to learn more about hurricane coverage in your homeowners’ policy. We’re happy to answer your questions and help you obtain or update your home insurance so you can viably protect your financial investment in your home.