South Carolina HO6 policy is designed for condo owners in the state of South Carolina.
The South Carolina HO6 condominium insurance that standard insurance companies such as Mercury, State Farm Bureau and AAA in cities such as Columbia, Charleston, Aiken or Myrtle Beach, will cover losses to any of your personal items and any structure you own. This policy also covers damages to any fixtures that have been upgraded since the home was purchased. Due to the recent housing crisis, many lenders and mortgage companies in the Charleston and Spartanburg regions are requiring proof of insurance for condos.
What Does HO6 Insurance Cover in South Carolina?
A standard condominium insurance policy in South Carolina whether you live in Columbia, Charleston or Greenville will cover most damages to your SC condo and your personal belongings from perils such as fire, vandalism damage from falling objects, trucks or vehicles.
What is One Benefit of Having South Carolina Condo Insurance?
Cover personal property within the condo.
Buying South Carolina Condo Insurance
Master Policy - Living in South Carolina as part of an association, the association should have a master insurance policy to see what they cover so that you don't pay for coverage that is already covered.
Deductibles - This is the out of pocket amount that you will need to pay for each claim before the insurance policy kicks in. Additionally, there will be a deductible in the master policy in the event that there is an insurance claim under the master policy. Each member of the condo association will need to contribute their portion if there is some sort of disaster.
HO6 Condo Insurance Required in Most Areas Throughout South Carolina
Due to the housing crisis, mortgage companies are requiring HO6 insurance policies for any new condo purchases in the state of South Carolina.
Where is HO6 Condo Insurance in South Carolina?
The state of South Carolina now requires condo insurance everywhere you live:
- Columbia, SC
- Charleston, SC
- Greenville, SC
- Spartanburg, SC
- Beaufort, SC
- Myrtle Beach, SC
- Aiken, SC
- Anderson, SC
- Florence, SC
- Hilton Head Island, SC
- North Charleston, SC
- Rock Hill, SC
- Sumter, SC
- West Columbia, SC
- Clemson, SC
- Greenwood, SC
- Hilton Head, SC
- North Augusta, SC
- Orangeburg, SC
- Conway, SC
- Duncan, SC
- Easley, SC
- Fort Mill, SC
- Gaffney, SC
- Greer, SC