A recent survey discovered that over half of all homeowners couldn't answer simple questions about their own policy, with many who hadn't even taken a look at the text. But you can be a savvy Coastal Carolina homeowner this year with just an hour or two of reading.
Below are a few key features to spot and study in your policy:
Know what is covered
As a homeowner in Emerald Isle, Atlantic Beach, Morehead City, Beaufort, Newport, Havelock, Cape Carteret, Swansboro and Pine Knoll Shores, it's important that you know the exact breakdown of your policy. Don't assume everything is covered— look for the areas marked for structural (your home itself), liability (protection from others) and contents (your belongings).
Look for updates
Have you recently inherited any valuables? Have you just added onto your Crystal Coast home or made changes to your condo? You need to update your policy to reflect these! Work with your provider to determine what is and is not covered in this area.
Determine if you're covered for all risks
A homeowners insurance policy is often determined as "all risk" or "named peril" which is the difference between a variety of damages and a limited, specific list. If you find you are covered for the latter, consider updating accordingly.
As your local team of real estate experts, Gena Gilbert Real Estate has years of experience to assist with both your home purchase and home sale. Contact us today with any questions you might have!
Gena Gilbert
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