Unlike auto insurance, home insurance coverage is not mandatory by law. It is, however, required by lenders if you have a mortgage or take out a home equity loan. A well-planned home insurance policy can prevent North Carolina property owners from facing large financial losses due to severe events such as hurricanes, tornadoes, fires, property crimes and many common liability lawsuits.
The national average cost of home insurance is $1,173 a year. In North Carolina, rates are a bit lower with an average cost of $1,075. Rates are based on several factors such as the size, age, and value of your housee, your claims history, and even your credit score. Every insurance company uses a different method for assessing risk and calculating rates, so reviewing a few quotes before making a purchase lets you be sure you are getting your policy at a competitive rate. Independent agents make comparison shopping easy and stress-free.
I bought a new home and called my old insurance company and they gave me this website to try. I started two weeks ago; I just told them that I was looking for somebody and there were a couple of people that called me right away. I was happy with them. I wanted to get somebody that was in the same town where we have the home in, so if something happens, we'd be able to contact them right away. I got what I wanted. I'd recommend TrustedChoice.Peggy of Raleigh, NC Consumer Affairs
Home insurance can cover you against most of the risks you face as a property owner in North Carolina. If you own any particularly expensive property such as fine art, family heirlooms, or valuable collections, your independent agent can advise you about whether a special endorsement is necessary to ensure that these items are fully covered. A typical homeowners insurance policy will provide you with the following:
Flood damage is not covered by homeowners insurance, even if it is the direct result of a covered hurricane. Many properties in North Carolina are at risk for flooding, so be sure to talk to your insurance agent about the benefits of supplementing your home insurance policy with flood insurance through the National Flood Insurance Program (NFIP).
There are currently 693 independent insurance agencies in North Carolina who are ready to help. Independent agents work with a variety of insurance companies, so they can provide you a selection of customized home insurance quotes that you can review and compare together. Let a local independent agent help you find the best policy to meet your coverage and budgetary needs.