Wilmington, NC Home owners Insurance Quote

Homeowner' s Insurance:
  North Carolina homeowners insurance policies provide coverage for your home, personal belongings, other buildings
on your property, loss of use coverage, personal liability coverage and medical payments to others injured on your
property. These policies are only available to you if the residence is you primary residence, a seasonal home or a
secondary residence.
  A standard North Carolina homeowners insurance policy (HO3) provides coverage for all perils (Unless excluded). The
standard list of exclusions are listed below. In the coastal areas of North Carolina it is common to have a 2% or 5% wind
and hail deductible included on your insurance plan. This is a separate deductible from your standard deductible and only
applies to damage caused by wind of hail perils. This deductible is a percentage of your dwelling amount (Example: 2%
of $100,000 (Dwelling amount) would make your wind and hail deductible $2,000.00 per loss). Some policies exclude
wind and hail coverage completely. In this case we would place your wind and hail coverage with the North Carolina Joint
Underwriters Association.
  North Carolina homeowners (HO3) insurance policies also provide replacement cost coverage for your home, other
structures on your property and personal belongings in your home as long as your dwelling coverage amount is within
80% of the full replacement cost at the time of loss. The replacement coverage is only to the policy limits unless you have
purchased the additional coverage rider available on most policies.
  There are four other types of North Carolina homeowners insurance policies. The (HO2) and (HO8) policies are used
when an HO3 policy does not fit your needs. There is also an HO6 policy for condo-owners and an HO4 for renters who
just need coverage on the personal belongings.
  Two perils not covered by your standard homeowners insurance policy is damage caused by floods and earthquakes.
Some companies have endorsements for earthquake coverage available. Most flood insurance coverage is provided by
the federal flood program. The maximum amount of insurance coverage you can purchase from this program is
$250,000.00 for your home and $100,000 for your home's contents. If you need additional flood insurance coverage's,
there are some insurance companies that offer excess flood policies. If you are in a non-preferred flood zone, you will be
required to purchase flood insurance by your mortgage company. Call us today and we will help you determine what flood
zone you are in.
Condo Owners Insurance:
  A North Carolina condo owners insurance policy (HO6) provides coverage for the walls inward, personal belongings,
loss of use, personal liability converge and medical payment coverage.
Renters Insurance:
  North Carolina renters insurance policies only provide coverage for personal belongings and if requested personal
liability insurance.
Dwelling Policies:
  North Carolina dwelling policies (DP1, DP2 and DP3) are used for structures not occupied by the homeowner. An
example is rental homes and on the coast, mobile homes. These policies have similar coverage's to homeowners
policies but typically do not provide coverage for theft, liability, medical payments or loss of use. Please give us a call for a
complete list of coverages.
This is only a brief description of North Carolina homeowners and dwelling insurance policies. For a complete
explanation or for a quote to fit your needs, please give us a call.