Buying a New Home? Here’s What to Look for in a Home Insurance Policy

Purchasing a new home is an exciting milestone that also comes with important decisions when it comes to protecting your investment. Navigating home insurance options can feel overwhelming, particularly for first-time buyers. Understanding what to look for in a homeowners policy can help give you confidence in your coverage.

Key Features to Consider in a Home Insurance Policy

When selecting a home insurance policy, it’s important to look beyond the basics. Here are some essential features to keep in mind:

• Dwelling coverage—This financially protects the structure of your home against risks like fire, wind, and certain types of water damage.
• Personal property coverage—This covers your belongings, such as furniture, electronics, and clothing, if they’re damaged or stolen. Check if your policy offers replacement cost coverage, which can help you replace items at today’s prices.
• Liability protection—If someone is injured on your property, liability coverage may help with legal expenses or medical bills. This is especially important for homeowners with pools, pets, or frequent visitors.
• Additional living expenses—If your home becomes uninhabitable due to a covered loss, this coverage can help pay for temporary housing and related costs.
• Flood and windstorm coverage—Standard policies often exclude flood damage, which is a significant risk in many parts of South Carolina. Ask about separate flood insurance and review your windstorm coverage options.

Contact Us

Every home and homeowner is unique. At Carey Insurance LLC in Moncks Corner, SC, our team takes the time to understand your needs, explain your options, and recommend coverage that fits your situation. We can help you compare policies, clarify exclusions, and identify discounts you may qualify for as a new homebuyer.

Contact our team today to discuss your coverage options and get a personalized quote.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.