South Carolina Homeowners Insurance

Whether you own a house, condominium or
townhouse, for most people their home is their most
important investment. Russell-Massey & Company of
Columbia, SC offers South Carolina homeowners
insurance policies that have flexibility to meet your
individual needs and above all, provide you with the
security that comes only from the knowledge that
your home is safe.

Insurance for your home is one of the most popular
and important forms of personal insurance and the
typical South Carolina Homeowners Insurance policy
has two main sections:

Section I - insurance coverage for your property

Section II - personal liability coverage (to cover you
in case of lawsuits arising from things that happen
on your property)

Homeowners insurance is often required by lenders to
obtain a mortgage and nearly everyone, whether you
own or lease property, should have the protection of
homeowners insurance.

South Carolina Homeowners Insurance FAQ

Click on the link below to fill out a secure quote request form for a
South Carolina Homeowners Insurance policy that will provide
excellent insurance coverage at an affordable cost. Or you can speak
with our South Carolina Homeowners Insurance agent specialist toll
free at (800) 849-7475 to discuss the policy features in more detail.

Click here to fill out a

South Carolina Homeowners Insurance

policy quote request form

We are a Columbia, SC insurance agency offering affordable South Carolina
homeowners insurance policy coverage in the following towns, cities and counties
in South Carolina: Chapin, Arthurtown, Saluda Terrace, Sandwood, Arcadia
Lakes, Cayce, Olympia, Forest Acres, Dentsville, Eau Claire, West Columbia,
Springdale, Denny Terrace, Belmont, St. Andrews, Irmo, Oak Grove, Lexington,
Galaxy, Bluff Estates, Hazelwood Acres, State Park, Haskell Heights,
Lincolnshire, Ballentine, Killian, Red Bank, South Congaree, Edmund, Gilbert,
Summit, Gaston, Hopkins, Capitol View, Horrel Hill, Fort Jackson, Pontiac, Elgin,
Blythewood, Camden, Richtex, Whitehall, White Rock, Sumter, Lugoff, Boykin,
Rembert, Hagood, Horatio, Stateburg, Borden, Wedgefield, Oswego, Gadsden,
Fort Motte, St. Matthews, Swansea, Woodford, Winnsboro, Pelion, Steedman,
Samaria, Monetta, Batesburg-Leesville, Stoney Hill, Prosperity, Newberry, Peak,
Little Mountain, Slighs, Pomaria, Jenkinsville, Rion, Winnsboro Mills, Simpson,
Smallwood, Ridgeway, Orangeburg, Lexington County, Fairfield County, Calhoun
County, Sumter County, Kershaw County, Saluda County, and Richland County,
SC. We can also offer cheap South Carolina homeowners insurance coverage
services throughout the Palmetto state, including in Florence, Greenville,
Spartanburg, Myrtle Beach, and Charleston, SC.

Replacement Cost or Actual Cash Value Option in a
South Carolina Homeowners Insurance Policy

Covered losses under a South Carolina homeowners insurance policy can be paid on
either a replacement cost basis or on an actual cash value basis. When "actual cash
value" is used, the policy owner is entitled to the depreciated value of the damaged
property. Therefore, the older the item is, the less money you may receive for it. If you
choose the "replacement cost" coverage, the South Carolina homeowners insurance
policy will reinburse the amount it costs to replace the property with something of a
similar type and quality at current prices.

All Risks or Named Perils in South Carolina Homeowners Insurance

An "All Risks" policy provides the broadest South Carolina homeowners insurance
protection because it will cover losses that are due to any peril except those
specifically excluded in the policy. A "Named Perils" policy covers losses that are
due to only those perils listed in the standard South Carolina Homeowners
Insurance policy and typically include fire, hail, windstorm, and other physical
losses.

South Carolina Homeowners Insurance Policy FAQ

Click here to fill out a

South Carolina Homeowners Insurance

policy quote request form

Coinsurance Penalty in South Carolina Homeowners Insurance

If your policy limit is less than 80% of the replacement cost of your home, you will
face a "coinsurance penalty," which means you'll have out-of-pocket expenses to
cover costs beyond the policy deductible you chose. For example purposes we will
assume your home's estimated replacement value (RCV) is $100,000. The co-
insurance clause requires you carry at least $80,000 (80% of your RCV). If you
chose to purchase only a $40,000 South Carolina Homeowners Insurance policy
you would be underinsured by half. Therefore, in the example the insurance
company would pay one-half of a loss less the policy deductible, so if you suffered
a $10,000 covered loss to your house, condominium or townhouse and had a $500
deductible, your policy would only pay $4,500.

South Carolina Homeowners Insurance Policy FAQ

Personal Liability in South Carolina Homeowners Insurance

Personal liability in a South Carolina homeowners insurance policy is also an
important part of having security from accidents that may occur on your property.
We suggest you choose coverage limits that are not less than those on other
liability insurance you own, such as car insurance.

Click on the link below to fill out a secure quote request form for a South Carolina
Homeowners Insurance policy that will provide excellent insurance coverage at
an affordable cost. Or you can speak with a South Carolina Homeowners
Insurance agent specialist toll free at (800) 849-7475 to discuss the policy
features in more detail.

Click here to fill out a

South Carolina Homeowners Insurance

policy quote request form

**The information, pictures, and other content in this website about particular insurance
services is only provided for informational purposes. Any decisions regarding your
insurance needs should be discussed with a licensed insurance agent.

Personal Liability

All Risks or Named Perils

Coinsurance Penalty

Replacement Cost or Actual Cash Value

South Carolina Homeowners Insurance Policy FAQ

Replacement Cost or Actual Cash Value

All Risks or Named Perils

Coinsurance Penalty

Personal Liability