The Benefits of Coastal Homeowners Insurance
Living on or near the coast has a lot of benefits. Beautiful beaches, relaxing ocean views, hobbies like kayaking, surfing, and SUP, afternoons on the boat, fresh seafood… the list goes on and on. While it’s natural to focus on the fun parts of coastal living, there are a few extra things you need to take into consideration when setting up house. At the top of this list is coastal homeowners insurance.
Coastal homeowners insurance is a lot like regular homeowners insurance, except for the fact that it takes into account where your home is located and the unique challenges and risks it may face, such as flooding, hurricanes, tropical storms, and excessive winds. No matter what Mother Nature throws your way, you want to know that your home and the people who live in it will remain safe and secure. The right insurance policy does exactly that.
Below are some of the perks that coastal homeowners insurance policies include. While we hope you’ll never need to use these, the peace of mind is worth the investment.
Whenever a home is near a body of water, whether it’s the Atlantic Ocean, the Intracoastal Waterway, or one of the Carolina’s many marshes, creeks, or rivers, flood insurance is a must. An incident is considered a flood if water covers land that is normally dry, which can damage your property and threaten your family and friends. Flood insurance goes a long way toward aiding in your recovery once the waters receded.
Additional Living Expenses
Sometimes living on the coast puts you in the path of an oncoming hurricane. These forces of nature can cause damage to your home and/or neighborhood, making them temporarily unlivable. In these cases, an insurance policy that includes additional living expenses is key. It will pay for you to live elsewhere while your home is repaired, minimizing the stress and disruption these situations cause.
If you own a second home as either a vacation destination or a rental, it still needs the right level of insurance. If you rent your home out, you’ll also need to consider liabilities and protection against damages caused by guests. With the right insurance, it’ll be much easier to relax on the beach, enjoy your time off, and make the most of your investment.
To learn more about your options for coastal homeowners insurance and what combination will work best for you, contact Sheally Insurance Group today.