One of the biggest and most important assets that most people in the Columbia, SC area will ever own is their home. If you are a property owner, you should take all possible steps to protect your asset and investment. One of the best ways that you can do this is by getting into a quality home insurance policy. There are several reasons why someone may need to get home insurance.
Policies are Required by Lenders
One of the main reasons why someone will get a home insurance policy is because they are required to by their lender. Taking out a mortgage is the most common way for someone to purchase a home. If you do take out a home loan, it can help you to get the property, but you will still have some rules and obligations that need to be met. It is important to understand your lender’s requirements when it comes to getting and maintaining home insurance.
Owners Want Coverage
Another reason that you may need to get a home insurance policy is that it can give you great coverage. If you need to protect your home, you will need to get property insurance. If you get property insurance, you will have coverage if the home is damaged. It can also provide you with protection for your personal assets. Owners will also receive liability insurance protection, which could prove to be valuable as well.
There are many reasons why someone in the Columbia, SC area will want to have home insurance. If you are going to get this type of insurance, you should call the Michael Taylor Agency. At the Michael Taylor Agency, you can learn a lot about how home insurance can protect you. They will then give you tips and support needed to choose a new policy.
Owning a home is a dream come true for most people. It’s something you can call your own, something you can make your own. With a home insurance policy in Columbia, SC, you can have peace of mind knowing that this important asset is protected. If you’re looking for a new home insurance policy or want to switch from an existing one, the team at Michael Taylor Agency has a few tips to help you get started.
1. Compare Several Insurance Quotes
To start, work with an insurance agent to compare several home insurance quotes. Coverage and prices vary so be sure to go over all the fine detail and ask the agent any questions you may have, as this is a very important step in the process.
2. Bundle Your Insurance Policies under one Company
After choosing a home insurance policy, consider bundling it with your other insurance policies under one company. Insurance companies will save you money on your premiums when you bundle everything with them. This is one of the easiest ways to save money on a new home insurance policy in Columbia, SC.
3. Work with a Reputable Insurance Agent
To make sure you get the right home insurance policy at a price you can afford, work with a trusted and reputable insurance agent. We will help you find and compare quotes, bundle policies, and save you money. We are also there to answer all of your questions before, during, and after you purchase a home insurance policy.
To learn more about acquiring a home insurance policy, contact the team at Michael Taylor Agency today. We can be reached at 803-736-6969.
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!
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.
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!