If you are confused by North Carolina home insurance there is nothing to be worried about. It can all be broken down so you will know exactly what to ask your insurance agent. A regular home insurance policy for North Carolina residents covers your dwelling, other structures, your belongings, loss of use, medical payments, and personal liability.
- Your dwelling
When you meet with an agent you will need to know the age of your home and what it is made of. Your agent will probably ask you how much you paid for the home but he is probably trying to figure out how much it will cost to replace the dwelling if it were destroyed by a fire or was the victim of a hail or windstorm.
- Other structures
Your regular insurance policy only covers your home and any structures that are attached to it. The additional insurance to cover other structures would include fences, sheds, and stand-alone garages. It would cover weather conditions as well as theft. Based on information from the most recent FBI report, Durham, Charlotte, Wilmington, and Greensboro have burglary rates that are higher than average.
- Your belongings
Basically your standard homeowners insurance covers the replacement of everything that is inside your dwelling. You will need to make a list of your furnishing, televisions and other electronics, clothing and any computers, cell phones and tablets. You will want to get additional insurance for more upscale items such as jewelry, collectibles, antiques, guns, and anything else of a higher value.
- Loss of use
A standard homeowner’s policy will cover the cost of hotel accommodators, food, and any extras that you need in order to function while your home is being rebuilt or repaired.
- Medical payments
This portion of your insurance will cover the cost of injuries for someone other than you or a member of your family was to get hurt while on your property.
- Personal liability
If someone gets hurt on your property and decides to sue you, this coverage will help to coverage court costs and expenses.
Your North Carolina homeowners insurance from here will cover many weather-related damages, but you should check into adding flood insurance. Check to see if your insurance is already in a flood zone. If it is and you want to add that insurance you can from the National Flood Insurance Program.