For the vast majority of South Carolina homeowners, their home is, by far, their biggest and their most valuable asset. For this reason over 90% of all homeowner’s in the state buy homeowner’s insurance.
This is true regardless of whether a home is being financed or not. Obviously your mortgage lender has the right to demand that you purchase homeowner’s insurance, but keep in mind that while your lender can require you to buy homeowner’s insurance your lender cannot tell you which insurance company to purchase it from. This gives you the opportunity to find affordable homeowner’s insurance here in South Carolina.
In any event there are several steps you can take that will lower the cost of your homeowner’s insurance.
Start by making the outside of your home safe. Homeowner’s policies cover injuries on your property, so the safer your property is the less you should have to pay for your insurance. Start by repairing or replacing any broken or buckled sidewalks or other cement. Fill in potholes. Replace lose or rotten boards in decks or porches and make sure all railings are secure. Let your agent know you’ve...