Charlotte Homeowners Insurance Options

If you're looking for insurance for your North Carolina home, you may be wondering what kind of coverage you need and how much you can afford. Homeowners Insurance Geek is here to help you find all the answers you need about getting adequate protection for your property without having to spend a lot of money every month to get it. You only need one resource to get you quotes from several quality insurance companies in your area.

The Carolinas are designated Coastal Regions. This area is very prone to natural disasters which are more severe in nature, such as storm surges, hurricanes, tropical storms and floods. Therefore, those living in this area must ensure that they are fully protected by making sure adequate coverage for severe weather events and any resulting damage is included with their basic Charlotte homeowners insurance, as a basic policy does not offer coverage for these occurrences.

High Risk Locations And Your Property Liability Coverage

In addition to the six types of homeowners insurance available for North Carolina residents, there are several types of provisional coverage to protect against the types of natural disasters that are common to these types of coastal regions.

One type of extra coverage is flood insurance, which is a separate policy with many options. You can choose to cover your dwelling, or your contents, or both. Just one inch of water in your home can be enough to cause thousands of dollars in damage, repair or replacement. But a flood policy can cover damage to your home's foundation and walls, in addition to the following systems and structures in your house:

  • Electrical
  • Plumbing
  • Air conditioning
  • Heating
  • Flooring
  • Drywall

As well, the cost to remove debris from your house following a natural disaster is also covered when a flood policy is purchased. Other types of additional coverage are fire, windstorm and hurricane hazard coverage.

North Carolina FAIR and Coastal Property Insurance Pools

This option is available for those homeowners who have tried to get coverage from several insurers without success. Both plans, although administrated by different organizations, work on a risk-pooling basis, with all companies selling property insurance in the state sharing the risk of property owners in high-peril areas.

Differences Between The NCJUA and the NCIUA

The North Carolina Joint Underwriting Association (NCJUA) is responsible for the administration of the FAIR plan. This particular plan works in cases where a temporary solution for property insurance is needed.

The North Carolina Insurance Underwriting Association (NCIUA) offers the same type of coverage as the NDJUA'S FAIR Plan, but with the addition of windstorm and hail coverage where a private and licensed insurance company fire policy exists. The Coastal Property Insurance Pool also offers the Homeowners Broad Form (HO 00 02), Special Form (HO 00 03), Unit Owners Form (HO 00 06) and Modified Coverage From (HO 00 08) for properties located on beaches or coastal areas.

Why Purchase Additional Coverage?

In areas like the Carolinas where damage from wind and water can occur on a regular basis, higher costs are the result. The price for supplies and labor tend to far exceed normal values following a severe weather event. In order to be adequately covered for both the damaging effects of severe weather events and their resulting high replacement and repair costs, purchasing extra coverage can save the a homeowner hundreds of thousands of dollars in the long run.

Additional Charlotte homeowners insurance coverage can ensure that a family hit by a natural disaster has enough money to stay in a hotel while their home is being repaired, as well as have funds available for food, clothing and other items that may be needed to replace those which may have been lost in a storm. In addition, the extra coverage can include anything not part of the structure but in the house before a storm. However, this must be included in the policy beforehand.


Let us help you make sense of what can seem to be a confusing industry.  We help demystify homeowners insurance and do a lot of the legwork for you, so that you can go about the business of comparing quotes and determining the right safety net for your most important possession - your family.

Categories: Homeowners InsuranceFinding DiscountsUseful TipsHome Owners Insurance by CityNews