Coastal Insurance

Shop Around

The department recommends that all consumers shop around to see if there is another carrier with a more competitive rate. Additionally, the department encourages consumers to take advantage of the reforms set forth in the Omnibus Coastal Property Insurance Reform Act of 2007.  For example, insurers are required to offer premium discounts for mitigation measures on policies effective on or after January 1, 2008. Also, tax credits are available for costs incurred in making your home more wind resistant as well as for supplies purchased to retrofit your property. 

The Omnibus Coastal Property Insurance Reform Act of 2007 established a grant program for homeowners to help them strengthen their property and make it more resistant to the high winds associated with hurricanes and severe wind storms.  Please visit SC Safe Home for more information about the program.  Finally, consumers may want to consider setting up a tax free Catastrophe Savings Account to cover the cost of their deductible.