Homeowners Insurance in Abbeville, Honea Path, and Anderson, SC

When the unexpected happens at your home, you could be left with costly property damages or personal liability lawsuits that could result in serious financial hardship. Homeowners insurance, also called home insurance, can help pay for these losses.

The right coverage is just a few clicks away. Contact Select Insurance in Anderson, South Carolina, to speak to a home insurance agent today.

What Is Homeowners Insurance?

Homeowners insurance is considered a package policy because it combines personal liability coverage with property damage coverage to help protect you and your family from financial losses. It may be able to help protect the structure of your home, your personal belongings and other aspects of your property.

How Does Home Insurance Work?

Your homeowners insurance policy is a legally binding agreement between you and your insurance company in which they agree to pay for covered losses up to your policy limits in exchange for your premium payment. You may be required to pay for losses out of pocket up to your deductible before your insurance kicks in.

What Does Homeowners Insurance Cover?

Although individual homeowners insurance policies may vary, here are some of the common coverages they may provide:

• Dwelling coverage can help pay for expenses related to structural damage to your home (e.g., foundation, plumbing) due to a covered peril.
• Personal property coverage can help pay to repair or replace personal belongings damaged by a covered event.
• Personal liability coverage can help cover costs (e.g., medical bills, legal fees, lost wages) if your family is accused of causing property damage or bodily injury to a third party.
• Other structures coverage can help pay to repair or replace detached structures on your property (e.g., gazebo, detached garage) if they’re damaged by a covered peril.
• Additional living expenses can help pay for your costs if property damage at your property forces you to move out temporarily.

Typically, property damage caused by natural catastrophes (e.g., floods, earthquakes) are not covered in standard homeowner’s insurance policies. If you live in a high-risk area, additional home insurance policies may be required to ensure you have sufficient protection (e.g., flood insurance).

Is Home Insurance Required?

Homeowners insurance is not a legal requirement; however, most mortgage lenders will mandate you secure a home insurance policy to receive a loan. Even when not required, home insurance coverage may be a good investment, as it can protect you and your family from costly out-of-pocket losses.

How Do I Buy Home Insurance?

Finding the right homeowners insurance coverage may seem daunting. Contact Select Insurance to learn more about our homeowners insurance options and to speak to an agent.