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Homeowners Insurance in Myrtle Beach can be costly and sometimes hard to find.  Here are some ways to help find Homeowners Insurance and possibly cut your premium substantially. 

  • SHOP AROUND.  It may take some time, but this could really pay off.  Contact a local independent agency - they have the ability to shop multiply companies for you.
  • CONSIDER RAISING YOUR DEDUCTIBLES.  Deductibles are the amount of money you have to pay toward a loss before your insurance company starts to pay a claim, according to the terms of your policy.  Generally the higher the deductible the more you can save on your premium.  You should discuss the options with an insurance agent.
  • GET COVERAGE BASED ON REPLACEMENT COST.  The land under the home is not at risk from fire, hurricane, or other covered perils.  So there is no need to include its value when deciding how much homeowners insurance to buy.
  • BUY YOUR HOME AND AUTO POLICIES FROM THE SAME INSURER OR AGENCY.  Lots of carriers offer discounts up to 15% off if you bundle your home and auto policies together.  Just make sure that the combined price isn't more than buying them separately.
  • MAINTAIN A GOOD CREDIT RECORD.  Insurers are increasingly using credit information to price homeowners insurance policies.  Check your credit record on a regular basis and have any errors corrected promptly so that your record remains accurate.
  • SEEK OUT OTHER DISCOUNTS.  Ask your agent if there are any other discounts available.  For example, some carriers offer discounts if you are retired, member of certain organizations, or have an alarm system.
  • INQUIRE ABOUT PAST CLAIMS.  Before you buy a home you should ask the current owner or real estate agent for details on any claims that may have occurred on the property.  You can even request the CLUE (Comprehensive Loss Underwriting Exchange) report.
  • MAKE YOUR HOME MORE DISASTER RESISTANT.  Find out from your insurance agent what steps you can take to make your home more resistant to windstorms and other natural disasters. You may be able to save on your premiums by adding storm shutters, reinforcing your roof or buying stronger roofing materials.  Most newer homes in Myrtle Beach were built to code and will automatically qualify for some of these discounts.  Older homes can sometimes be retrofitted.

These are just some ways to save on Homeowners Insurance.  The most important thing is to ask questions and talk to more than just one insurance professional.

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