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Do you live in an area that is more susceptible too wind and hail damage?  This can be a great concern for many individuals who are living along the coast or in severe storm watch areas.  Many people still believe that wind and hail coverage must be purchased as a separate policy when in fact that is often not the case anymore.  Many mortgage companies may even require you to purchase hazard insurance.  Hazard insurance is essentially your typical homeowner’s insurance but also includes your standard wind/hail coverage.

In 2007 the South Carolina Wind & Hail Underwriting Association expanded its wind pool coverage area to include more of the Charleston, Horry, and Georgetown counties.  This expansion was in an effort to help provide insurance to individuals throughout South Carolina who are living along the coast.  The main reason the SCWHUA expanded their territory was because many carriers did not want to write wind & hail insurance coverage in zone 1 or 2 (  Although the SCWHUA still writes wind & hail insurance policies for individuals along the coast in South Carolina, it is considered and used as a last resort.  Even though the South Carolina Wind & Hail Underwriting Association still has the ability to write separate policies for individuals seeking wind and hail coverage outside of their typical homeowner’s policy, these policies tend to be more expensive and provide inferior coverage to the insured.  This can cause a huge problem when trying to find an affordable insurance policy to cover your home and assets in the event of a natural disaster especially throughout the Myrtle Beach area.  Many independent insurance agencies now such as Davis & Massey Insurance have the ability to combine wind and hail policies within your standard homeowner’s policy with a set deductible.

In South Carolina there are three common types of deductibles that carriers apply to the wind & hail portion of their insurance policies.  These deductibles are Hurricane, Named Storm, and Wind/Hail.  The best deductible that somebody can receive is a hurricane deductible because it protects the insured against any wind and hail damage and doesn’t result in a higher deductible unless it’s a named hurricane.  The next deductible is your Named Storm which protects the insured against any wind and hail damage but will increase your deductible if named by the National Weather Service.  The last deductible that someone can receive is a wind and hail deductible which is described as anything that makes a leaf blow and will result in a higher deductible.

When purchasing wind & hail with your standard homeowner’s policy you often will receive a lower deductible and more coverage then if you went through the South Carolina Wind & Hail Underwriting Association.  The good thing about wind and hail losses (if there is one) is that claims will normally not cause your annual premium to increase.  However, a wind and hail claim may prevent you from receiving the claim free discount that some carriers offer.  The main reason these types of occurrences primarily do not increase your annual premium is because they are considered to be an “act of god”.  This basically means that you were not in control of what happened to your home and the incident occurred due to natural causes.  Many people are unaware how important wind and hail insurance can be if you are someone who is living along the coast or in a severe storm watch area.  Really a property anywhere can experience damage from wind or hail.  Take the proper precautions to protect your home against these types of natural disasters this year by reaching out to your local Davis & Massey Insurance Agency.

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