Types of Home Insurance in Myrtle Beach, SC

If you live in Myrtle Beach, SC, and are interested in learning more about home insurance, you should see what the professionals at Benefit Insurance Services can do for you.

There are eight main policy types when it comes to home insurance. HO-1 is the most limited and basic type of policy, typically meant for single-family homes but not very common nowadays; HO-2 is more common and a little bit of an upgrade from HO-1. HO-3 provides even broader coverage and is the most common type of homeowners insurance policy. HO-4 is for people who are renting, HO-5 is the most comprehensive type, HO-6 is for condo owners, HO-7 is for the owners of mobile or manufactured homes, and HO-8 is a special type of insurance for homes that do not meet standards for other policy forms.

In South Carolina, hurricanes and tropical storms are fairly common. Homeowner’s insurance typically includes damage from these sorts of winds. It will often also protect your home from damage caused by hail, which is good in South Carolina because hail storms are fairly common. There may be special stipulations regarding hail in regions within South Carolina where hail storms are particularly common. Usually, hail will be named along with fire, wind, theft, and other potential causes of damage that may be listed within your home insurance policy.

However, you should be aware that flood damage is not necessarily going to be covered. You might need to purchase a separate flood insurance policy if this is your concern. You can do this through the National Flood Insurance Program or through a private seller if this is possible in your area.

If you live in Myrtle Beach, SC, and are interested in learning about the types of home insurance options that are available to you, you should contact the professionals at Benefit Insurance Services and see what they can do for you.