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Along the winding roads that make their way through the mountains of the Carolinas are countless small towns. In these tranquil towns, as well as in the major metropolitan areas where millions of people live, are homes that define the spaces in which we live. From the earliest memories of our childhood home to the spaces we strive to live in for the rest of our lives, homes have a special meaning in our hearts. That is why many people consider homeowners insurance to be one of the most important forms of insurance in both the Carolinas and the United States. While we can never fully predict or plan for the future, having the right kind of homeowners insurance can make sure that coverage is possible. Let’s take a look at the various kinds of homeowners insurance offered to South Carolina residents, as well as the kinds of quotes you can expect.
* HO-1
HO-1 is a very uncommon plan that few South Carolina insurance agencies offer. As a result of its limited coverage, you will have a hard time finding competitive quotes. That being said, expect the costs to be generally lower than more inclusive plans.
* HO-2
HO-2 covers everything listed in HO-1 as well as a range of additional things like water and ice damage. HO-2 is a pretty popular plan and you should have several different places to select from when finding the right quote for your needs.
* HO-3
Also called Special Form Policy, HO-3 is the most popular kind of homeowners insurance and as such is the most widely supported by insurance companies. You should easily be able to find insurance quotes for this plan and find a competitive rate that works for you.
* HO-5
HO-5 is a combination of everything listed in HO-3. In addition, there is a lot more covered, including personal possessions against loss. Expect these plans to be far more expensive then HO-3. At the same time, there is enough interest in them to insure some level of competition among providers.
* HO-8
HO-8 may be the hardest to find quotes for, as it provides the limited range of coverage found in HO-1 with the a cash payout system if damages were to occur.
Estimated Versus Actual Quote One final thing you should consider when getting South Carolina homeowners insurance quotes from is the difference between estimated and actual quotes. The estimated quote will be what you initially get when requesting a quote while the actual is what you end up with prior to paying. More often then not, expect these two to be slightly off as there are a range of deductions and fees that may come into place as the quote is finalized.
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