Does Your Home Insurance Policy Have the Liability Coverage You Need?

Many of our clients aren’t aware of the benefits of liability coverage as part of their homeowner’s policy. Liability insurance, as part of your overall homeowner’s policy, can protect you in the event of injury or accident to a visitor to your home. This coverage is an important part of complete coverage that includes protection for your possessions, your home structure, and any additional buildings on your property such as a shed, unattached garage, or workshop. The team at the Michael Taylor Agency is here to provide you with any guidance that you may want or need during the process of obtaining the proper insurance for your greater Columbia, SC area home.

The Important Protection that Liability Coverage Provides for Your Home

If a friend falls and is injured while visiting your home, you can be held responsible for their medical care and other damages. With the proper level of liability coverage, you can be protected should such a mishap occur. South Carolina home insurance offers a full spectrum of protection for you and your family. Do not risk the loss of your hard earned savings by choosing a policy that does not provide adequate coverage for all eventualities. If you entertain a lot, or your kids are always having their friends over, you owe to yourself and your family to have adequate liability coverage. Now is a great time to review your policy and ensure that it has the comprehensive coverage that you need.

Does your homeowner policy provide the level of liability protection that you need? The professional team at Michael Taylor Agency is proud to serve the insurance needs of our friends and neighbors in the greater Columbia, SC area. Call or stop by today to learn more!

Home Insurance for First Time Buyers: What You Need to Know

Like the rest of the country, the housing market around Columbia, SC is booming. The insurance experts at the Michael Taylor Agency want to make sure you’re ready to take the big step into home ownership. This information will help first time home buyers get the most out of their home insurance policies.

  • Go for full coverage right from the start. After the downpayment, relocating fees, and other expenses associated with a new home purchase, many buyers think they can save a few dollars each month by purchasing bare-minimum home insurance coverage. But what happens if someone is hurt on your property or a natural disaster ruins your home before you’ve had the chance to build equity or replenish your savings? Buy as much coverage as you can to protect your investment from the unknown.
  • Look before you buy. The condition of your home is the biggest factor in your premium payments. Thoroughly inspect the grounds before making an offer. Scrutinize the plumbing, electrical, and HVAC systems. Check the foundation and general structural integrity of the buildings. If you aren’t confident in your construction knowledge, hire an independent construction contractor to walk the property with you.
  • Consider additional coverages. If you plan to use a portion of your residence to run a home business, you may benefit from a commercial policy. Hobby farms, day care centers, and consultant’s offices should consider adding liability insurance to their portfolio.

Get all of your insurance needs filled in one place. Insurance agencies often give discounts to subscribers with multiple policies. Combine your home, auto, and business policies to realize noticeable savings on monthly premiums. The Michael Taylor Agency serves the insurance needs of those who live or work in the Columbia, SC area. Contact us today to discuss your unique insurance needs.

3 Home Insurance Myths: What is the Truth?

Do you know what your home insurance policy will protect you from?

Owning a home is perhaps the most significant investment you will have to make in your entire lifetime. However, being a homeowner comes with both pride and security. In this article, we debunk the top three common myths about home insurance

Myth #1: Your Home Insurance Covers Earthquakes and Floods

There is a common myth that standard homeowners insurance protects you against earthquakes and floods, which is false. The truth is that many natural disasters are not covered under your standard policy. This is the reason why specialty earthquake and flood insurance policies are sold differently. These are unique insurance policies that are usually underwritten by a private insurer, such as Michael Taylor Agency in Columbia, SC, and will protect your home and belongings against damages due to floods or earthquakes.

Myth #2: Home Insurance Policies Fully Cover All Injuries that occur in Your Home

This is another misconception on standard home insurance policies. While the truth is that most visitors who come to your home are typically covered by the policy in the event of an accident inside your house, all family members and those who live in the home are not covered by this home insurance policy. Injuries to family members can be covered by separate health insurance policies from Michael Taylor Agency in Columbia, SC.

Myth #3: You May Not Need Home Insurance

Most people tend to believe that home insurance is unnecessary unless it comes from a bank or mortgage holder. However, this is not the case considering both the financial and emotional investment you have put in your home. You never know what might happen hence the need to protect your home. The homeowners’ insurance doesn’t only protect your home, but it also covers your belongings and possessions.

For more questions on what home insurance can and can’t cover, please reach out to our agents in Columbia, SC. We are looking forward to hearing from you!