Homeowners Insurance in Lancaster and Kershaw, SC
Insuring your home should be a top priority. As a homeowner, you face many property damage and liability risks. One of the best ways to mitigate those risks is to ensure that you have the proper home insurance policy.
Contact Williams Insurance Agency today to discuss your home insurance needs and find out how we can help you craft the right policy for you.
What Is Homeowners Insurance?
Home insurance is a package policy, which means it covers damage to your property after a covered loss and your liability or legal responsibility for any injuries and property damage you or members of your family cause to other people. There are usually additional coverages or endorsements, also called riders, that you can add to the standard coverages provided by home insurance to ensure adequate protection.
What Home Insurance Endorsements or Add-ons Are Available?
- The standard home insurance policy provides coverage for your dwelling, personal property, liability, and loss of use. For many, this coverage is sufficient. However, you may want to explore adding endorsements to your policy to gain more robust coverage. Some typical homeowners insurance add-ons that may be available to you include the following:
- Attractive nuisance coverage—If you have an attractive nuisance, which includes swimming pools, trampolines, and tree houses, you may need to purchase this type of endorsement, which helps extend your coverage.
- Buried utility coverage—Also known as service line coverage, this endorsement is designed to cover all underground wires or lines leading to your home should you face damage or a loss to such items.
- Water and sewer backup coverage—If the sewer or water lines leading into your home back up and cause flooding, your homeowners insurance policy may not cover the losses. This type of endorsement is specifically designed to provide such protections.
- Equipment breakdown coverage—This type of policy helps extend your homeowners insurance by covering additional damage to the electronics or appliances in your home that may have been caused by mechanical breakdown or electrical failure.
- Scheduled property coverage—If you have big-ticket or expensive items, scheduled property coverage can help provide higher policy limits and coverage for accidental damage or loss.
Depending on where in South Carolina you live, you may also want to consider purchasing a flood insurance policy, as the standard home insurance policy doesn’t provide coverage for damages caused by flooding.
Is Homeowners Insurance Required?
Homeowners insurance isn’t generally required by state law. However, if you’ve financed your home or have a mortgage, you’re typically required to carry homeowners insurance. Beyond this, being adequately insured can help you control the losses you may face if you experience a covered incident. Without this coverage, you may have to pay full out-of-pocket for all the losses you incur.
How to Get Homeowners Insurance
If you need a homeowners insurance policy or want to evaluate whether the coverage you have is adequate, we’re here to help. Give Williams Finance and Insurance a call today to get started or request your free quote now.