NC Investment Property Insurance

We have options. There is no one size fits all package for property insurance. We can offer varying package policies.

When shopping for NC property insurance you should consider different coverage options.

Some common coverage options to consider include:

1. Replacement Cost vs Actual Cash Value– Do you want just your interest in the property covered or would you like to completely rebuild if you have a total loss.
2. Liability Insurance– How much liability coverage would you like to be protected for.  Policy coverage for this type usually starts at $100,000 but we typically recommend $1,000,000.  There is usually little difference in premium to go with higher coverage here.
3. Rent Loss– It is a good idea to have your rental income covered should you have a loss where you can not collect this due to a covered loss.  This is also known as business income.
4. Excluded Perils–  Most common perils that are excluded are flood, earthquake, and sink hole to name a few.
5. Contents Coverage– How much owned contents do you need?  This will vary depending if this is your primary or a rental property that only includes appliances and everywhere in between.
6. Endorsements– There are several endorsement options to choose from and you need to determine which ones are you likely to use and which ones are you paying premium for an unlikely claim scenario.