South Carolina Home Insurance

South Carolina residents should be very proud of their insurance commission.  In June new laws were passed concerning notification of non-renewal of South Carolina home insurance policies, which can be a huge issue for residents.  Since South Carolina is so vulnerable to hurricanes and tropical storms, not having home insurance is a risk no one can afford to take!

The new law increased the amount of notice that South Carolina home insurance companies must give announcing they are not renewing a policy.  Now a 60-day notice is required for policies which will expire from November 1 – May 31, and 90 days for policies ending June 1 – October 31.  The previous law required only a 30-day notice, regardless of the time of year, which left some homeowners high and dry during hurricane season.

South Carolina home owner insurance providers must also give the reason they are choosing not to renew a policy holder’s coverage, though almost any reason is acceptable.  The only exception is using your claims history as the cause, if all your claims were the result of Acts of God, such as storms.

Of course non-payment is a huge reason for immediate cancellation, which is permitted in South Carolina with just a 10-day notice.

Though South Carolina home owner insurance rates have been climbing steadily for the past few years, and are forecast to continue doing so, there are many ways to save money on home insurance.  We have included several money saving insurance tips in our article on South Carolina home insurance.