How a Deluxe Policy with Comprehensive Home Insurance Coverage Works 

Home insurance in Charleston, South Carolina comes in a wide variety of forms and can vary by state, which can quickly confuse a person if they're not familiar with the lingo of homeowners insurance companies. If you're interested in getting as much coverage as possible, then the deluxe comprehensive policy might be the best bet for you.  At Harrell Insurance, we specialize in what South Carolina residents in every zip code need.  We'll take you through what homeowners insurance in South Carolina covers and (more importantly) what it doesn't cover. We'll also tell you more about other coverages that are available, like earthquake and flood insurance, if you'd like.  Our homeowners insurance premiums are very competitive, and we can offer a variety of home insurance discounts.

What You Can Expect

A Deluxe policy with comprehensive coverage includes everything that can potentially happen to your home, except for certain events that are specifically excluded. Depending on your policy, your coverage may even extend past the limits of what you purchased. For example, if your repairs cost more than your coverage due to inflation or complexity of the repairs, you may be able to get up to a 25 percent extension. Typically policies cover the replacement cost of your home repairs, up to the limit in the policy. When you consider the volatility of the market, this still may not give you enough financial assistance to work with.

What Isn't Covered

There are several events stated in the policy that will not be covered by your policy. They usually include landslides, mudslides, earthquakes, water damage, flooding, infestation, and damage from war/government acts. However, every homeowners policy is different, so it helps to check the specifics of your policy. So, if you had mold in the walls due to a pipe burst, this will not be covered. And — as you might have expected — wear and tear aren't covered either. For instance, if your foundation warps over time, this would not be a part of your comprehensive insurance.

Potential Exceptions

It's possible to purchase riders to your coverage, so you'll have specific coverage against different events (e.g., flooding, earthquakes, etc). There are plenty of reasons to evaluate the strength of your home policy based on the potential costs of repairs. Mold alone can cost thousands of dollars to clean. And while insurance may not cover it for a pipe burst, it may provide some financial assistance if you had water damage from a flood plus a flood rider on your policy.

Finally, some home insurance companies will work with their customers depending on the circumstances regarding the event. For example, if there was a sudden landslide, they may consider the surrounding circumstances before denying the claim. If you're a South Carolina homeowner, or plan to be, give us a call at Harrell Insurance - 843-766-5533 - and we can thoroughly go over all of this with you.  If you're not insured with us, we can send you very competitive homeowners insurance quotes from one of our over 40 homeowners insurance companies.