When it comes to protecting your investment and your family’s assets, nothing is more critical than possessing the right Myrtle Beach home insurance coverage. Having the right kind of insurance coverage can mean the difference between making repairs to your home after a hurricane or having it completely destroyed by the powerful storm. In order to protect your investment, you need to have the kind of insurance coverage that takes care of all of the costs associated with a flood or storm related to your home’s location. This way, in the event of a flood or other kind of damage, you will not have to worry about having to repair or replace any of your expensive items, because they are covered by insurance.
The biggest problem that most Myrtle Beach home insurance customers face is the danger of hurricanes. Since North Myrtle Beach is located in the path of many large ocean storms during most of the year, there is a great risk of hurricane activity each season. As a result, it’s very important for you to be prepared to evacuate your home should the need arise. Hurricane season generally runs from late August through October, with a much higher peak in activity in the spring and summer months.
If your home is damaged in a storm, the last thing that you want to do is try and save money on your insurance rates by trying to file a claim with your primary residence’s insurance company instead of with a separate company. While your home owner’s policy may cover the damage to your house, your primary residence insurance company will not. This is because your home is considered to be your “secondary” residence, just like your condo unit on the beach. When a hurricane causes significant damage to your primary residence and you do not have coverage from your insurance company, your home-insurance rates will increase significantly. Even if you do have coverage from your insurance company, your rates may increase dramatically because of the additional risk of having to evacuate your home following a hurricane. Because Myrtle Beach home insurance rates are based upon a number of different factors, many people prefer to purchase separate insurance policies from various companies so that they are assured that they are adequately protected.