Myrtle Beach Home Insurance

Home insurance in Myrtle Beach safeguards your property from hurricanes, floods, and liability claims, covering dwelling, personal property, and evacuation costs. Given the area’s storm risks, it’s essential, though not legally required unless mandated by lenders.

It’s not required by South Carolina law, but lenders typically demand it for mortgaged properties. Hurricane exposure makes it a practical necessity.

Average costs are around $1,500 annually for $250,000 in dwelling coverage, with higher rates near the coast due to flood and wind risks.

It covers wind, fire, and theft, plus liability and loss of use. Flooding requires a separate NFIP policy due to frequent storms.

Yes, wind and rain damage from hurricanes are covered, but high deductibles (2-5% of home value) often apply in Myrtle Beach.

A deductible is your upfront cost, typically $2,000-$5,000 in Myrtle Beach, reducing premiums but increasing out-of-pocket expenses after storms.

Set dwelling coverage to rebuild cost (e.g., $250,000-$400,000), personal property at 50-70%, and liability at $300,000 minimum, adjusted for coastal risks.

Yes, add flood or windstorm endorsements to address Myrtle Beach’s specific hazards like hurricanes and storm surges.

Exclusions include floods, earthquakes, and normal wear. Most homes need NFIP flood insurance due to proximity to the Atlantic.

Yes, a good credit score can lower premiums by up to 25% in South Carolina, influencing Myrtle Beach rates.

Hurricanes trigger wind and rain coverage, but deductibles rise to 2-5% of home value during storm season in Myrtle Beach.

Yes, NFIP flood insurance is critical for Myrtle Beach due to frequent storm surges, as standard policies exclude it.

Windstorm damage is covered, but separate wind policies may be needed for full protection against hurricanes.

No, beach erosion is excluded; consider private gap coverage for waterfront properties.

Wildfires are rare but possible in dry seasons; coverage includes structure and contents with minimal rate impact.

Discounts include bundling (20%), storm shutters (10%), and security systems (5-10%), tailored for Myrtle Beach’s risks.

Bundling home and auto saves up to $600 yearly, streamlining coverage for coastal residents.

Older homes over 40 years may cost 20% more; upgrades like wind-resistant roofs qualify for discounts.

Yes, alarms and reinforced doors reduce premiums by 5-15% in this tourist-heavy area.

Proximity to the ocean and storm frequency drive rates up; home value and claims history also matter.

Report damage to your insurer, document with photos, and file within policy deadlines, especially after hurricanes.

Provide photos, repair estimates, and police reports if theft occurs; South Carolina requires filing within 60 days.

One storm claim may not raise rates, but multiple claims over three years can increase them by 25-35%.

It’s a state pool for high-risk properties denied coverage, offering basic wind and hail protection at higher costs.

Simple claims take 30-45 days; hurricane claims may take 60-90 days due to volume.

Covers rebuilding at current costs without depreciation, vital after hurricane damage in Myrtle Beach.

Yes, NFIP flood insurance is recommended due to frequent storm surges, costing $700-$1,000 yearly.

Schedule items like jewelry with appraisals; tourist traffic increases theft risks.

Landlord policies cover rental homes and lost rent; standard policies exclude tenant damages.

Covered up to $10,000 if from a covered flood; additional remediation needs an endorsement.

Top picks include State Farm for discounts, Allstate for variety, and A Plus for coastal expertise.

Compare quotes 30 days before renewal and avoid lapses; Myrtle Beach’s market is competitive.

The SC Wind and Hail Association offers coverage for high-risk homes at elevated rates.

Bundling saves 15-20%; pair with auto for comprehensive protection.

Review annually or after storm season to adjust for Myrtle Beach’s changing risks.