Written By 
Reviewed By Deb Whitney
Introduction
Meet John Doe, a seasoned insurance advisor with over 20 years of experience in the field. Having lived in South Carolina all his life, John understands the unique challenges homeowners face in this region, particularly those living in earthquake-prone areas.
Understanding Earthquakes in South Carolina
South Carolina has a rich and varied seismic history. While it may not be the first state that comes to mind when you think of earthquakes, it has experienced some significant seismic events. The most notable of these was the Charleston earthquake of 1886, which remains one of the most powerful earthquakes to hit the Eastern United States.
What is Earthquake Insurance?
Earthquake insurance is a type of property insurance that pays the policyholder in the event of an earthquake that causes damage to the property. Most ordinary homeowners insurance policies do not cover earthquake damage.
Why Do South Carolina Homeowners Need Earthquake Insurance?
While earthquakes in South Carolina are less frequent than in states like California, they do occur, and their consequences can be severe. For homeowners, an earthquake can mean serious damage to their most valuable asset: their home. Without earthquake insurance, homeowners will have to pay out of pocket for any earthquake-caused damage.
Common Misconceptions About Earthquake Insurance
There are many misconceptions about earthquake insurance. Some people believe that they don’t need it because their homeowners insurance will cover earthquake damage. Unfortunately, this is not the case. Others think that they don’t need earthquake insurance because they don’t live in a high-risk area. However, earthquakes can and do occur in many parts of South Carolina.
How to Choose the Right Earthquake Insurance Policy
Choosing the right earthquake insurance policy involves considering several factors. These include the cost of the policy, the amount of coverage it provides, and the company’s reputation. It’s also important to read the policy carefully to understand what is covered and what is not.
Real Stories: The Impact of Earthquake Insurance
There are many stories of homeowners who were glad they had earthquake insurance. For example, after the 2011 Virginia earthquake, many homeowners were able to repair or rebuild their homes thanks to their earthquake insurance policies.
Table: Key Points to Consider When Purchasing Earthquake Insurance
| Key Point | Description |
|---|---|
| Deductible | This is the amount you’ll have to pay out of pocket before your insurance kicks in. |
| Exclusions | These are the things your policy won’t cover. Make sure you understand what these are. |
| Personal Property Coverage | This covers the cost to replace your personal belongings. |
| Building Code Upgrade Coverage | This covers the cost of upgrading your home to meet current building codes during a repair or rebuild. |
