Homeowners Insurance Coverage in North Carolina

Homeowners coverage is coverage you purchase for the owning (or renting) and occupying a home. With the help of a licensed North Carolina insurance agent, Insurance Service Associates can assist with this coverage as it can be written on either a replacement cost or actual cash value (replacement cost less depreciation) basis. If the home is owned, coverage is primarily determined by the value of the house itself. A percentage of the home value is given for other structures (such as detached garages and utility buildings), for the contents (furniture, clothes, personal belongings), and for additional living expense (those extra expenses you may have due to the fact you cannot live in your home).

A tenant would choose the value of the amount of contents they have to determine coverage.A typical homeowner’s policy will also have coverage for liability and medical payments. Property used in a business is usually excluded or limited on a homeowner’s policy.