Purchasing a home is the biggest investment that most people will ever make. And finding the right North Carolina home insurance you need to protect that investment is a must.
Brown-Phillips Insurance understands what your home means to you. And we will work hard to get you the policy you need at a price you can afford.
Let us help you protect your biggest investment. Submit your information or give us a call today!
Your NC home insurance policy protects your home from damage incurred in the course of living. In addition, it protects you from financial duress by paying for any bodily injury or property damage for which you are liable.
Your North Carolina home insurance policy protects your home from damage incurred in the course of living. In addition, it protects you from financial duress by paying for any bodily injury or property damage for which you are liable.
Your home insurance company will act on your behalf by negotiating a settlement, defending you in court and paying any judgments against you.
If you finance your home, the bank may require you to insure it for at least the amount of your home loan. However, most North Carolina insurance policies require coverage of at least 80 percent of the home's replacement value.
Types of Homeowner's Policies
Many types of North Carolina home insurance policies are available, so examine offerings closely to determine which policy type best suits your needs.
Most common types of coverage::
What Determines Your Premium
North Carolina homeowner's insurance premiums can vary. We will help you find the best policy with the greatest value..
Several factors influence how much your premium costs you. These include:
How Much You Need
It is essential to buy enough North Carolina home insurance coverage to protect yourself and your family in case of loss. Many homeowners do not have adequate home coverage, which means their loss would be greater than what their insurance company would pay to replace that loss in case of a claim.
To determine how much North Carolina homeowner's insurance you need, consider the kind of coverage you want, how much you are able to pay for it, how much your home is worth and the value of its contents. Then decide whether you want to insure your home for its replacement cost or actual cash value. (Replacement cost is what it would cost to rebuild your home based on today's prices, whereas actual cash value is what your home would sell for in today's market.)
Regardless which home insurance method you use, keep track of what your home is worth, and check with your North Carolina home insurance agent yearly to determine if your property is adequately insured.Contact us now for a coverage review and Home Insurance Quote!
We hope this information answers your questions concerning North Carolina homeowner's insurance. Now protect your home by taking action!
Protect your home like you protect your other investments. It's easy with Brown-Phillips Insurance!
North Carolina home insurance policies Do Not cover flood damage. If you live in a flood plain, near a river or if you live near the coast, you should consider purchasing flood insurance for your home. Your lender may require flood insurance if your home is located in a flood plain.
Just because your home is not in a designated flood plain, do not assume you will never incur flood damage. Contact us today for a flood insurance quote.