Individual and family insurance are broad categories that includes all of the following types of insurance.

Homeowners

This type of policy protects an insured property and contents from a covered physical loss (i.e. fire, theft, etc.) as well as provides personal liability protection to reduce the personal financial impact resulting from someone claiming accidental bodily injury, personal injury or property damages against you. A deductible applies to the property coverages.

• High Value Homes – Typically, these programs are for homes valued over $1,000,000. The programs offer special endorsements and programs to meet the needs of a high value homeowner.

Condo

This type of policy protects your condo from the walls in and your personal belongings from a covered physical loss (i.e. fire, theft, etc.) as well as provides personal liability protection to reduce the personal financial impact resulting from someone claiming accidental bodily injury, personal injury or property damages against you. A deductible applies to the property coverages.

Renters/Tenants

This type of policy protects your personal belongings from a covered physical loss (i.e. fire, theft, etc.) while renting/living in an apartment/home that you do not own as well as provides personal liability protection to reduce the personal financial impact resulting from someone claiming accidental bodily injury, personal injury or property damages against you. A deductible applies to the property coverages.

Dwelling Fire

This type of policy protects your rental or vacant dwellings from a covered physical loss (i.e. fire, theft, etc.). Personal liability protection and medical payments may be added to cover you in the event another person is injured on your rental property. A deductible applies to the property coverages.

Flood

Standard homeowners policies exclude true flooding events from coverage. Therefore, the National Flood Insurance Program (NFIP) was created by Congress in 1968 to help individuals and businesses protect themselves in the event a flood. Rates are standardized and based on coverage selected as well as location of the covered property.

Personal Auto

You are required by the state of SC to carry auto liability insurance on any tagged and operating vehicle that you own. The liability insurance covers others in the event you cause an accident. In addition, you may opt to secure collision, comprehensive/other than collision, rental, and towing coverages. A deductible typically applies to the collision and comprehensive coverages.

Umbrella/Excess

Umbrella and Excess Insurance policies provide an additional layer of liability coverage over specified underlying policies such as your personal homeowners and auto policies.  The difference between Excess and Umbrella policies is an Excess policy is a “follow form” policy that conforms exactly to the coverage of the underlying policies whereas an Umbrella policy does not contain the “follow form” provision and will sometimes offer coverage that is not afforded by the underlying policy such as libel and slander.

Motorcycle, RV & Golf Cart

Similar to Auto Insurance, these “toy” policies consist of two main parts – liability coverage to protect others and physical damage coverage to protect your investment in the motorcycle, RV, or golf cart.  A deductible typically applies to the collision and comprehensive coverages.

Watercraft

Similar to auto insurance, you can purchase liability, collision, comprehensive, uninsured/underinsured, medical payments, and on-water towing & labor coverage for your personal watercraft.  Coverage for watercraft is severely limited in a standard homeowners policy, which is why it is important to explore a watercraft endorsement to your policy or a separate watercraft policy.  Watercraft liability can be specified to be covered on your umbrella/excess policy.

Scheduled/Valuable Articles

(i.e. Jewelry, Artwork, etc.)

It important to schedule your valuable items either on your homeowners policy or on a separate inland marine policy.  By scheduling (i.e. listing) these valuables and their values, you are ensuring you will be adequately compensated in the event of a loss as there are policy limitations with respects to property location and type.  Also, you can choose a much lower or no deductible for scheduled items than the deductible you carry on your home.  Valuable articles can include jewelry, artwork, firearms, furs, china, silver, rugs, and collectibles.

NOTE: This list is not exhaustive, but these coverages are a good starting point for any individual to consider. You should always meet with a qualified insurance professional to truly identify which coverages are important to protect yourself, your family and your belongings.