U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > South Carolina > Charleston area
 [Register]
Charleston area Charleston - North Charleston - Mt. Pleasant - Summerville - Goose Creek
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 08-22-2014, 01:02 PM
 
27 posts, read 24,397 times
Reputation: 10

Advertisements

Construction is moving along nicely on our Rivertowne home and we hope to have it done by late November. Starting to look for home owners insurance and I am trying to decide if I need earthquate insurance. I always remember on the Charleston tours the guide telling us that Charleston sits on an earthquake fault and showing us the earthquake rods in the older homes. So......I am worried that I at least need some coverage. Only got one quote so far and was an additional $500 which is about what I pay in NJ for my entire HO policy. Any thoughts or recommendations would be appreciated.
Reply With Quote Quick reply to this message

 
Old 08-22-2014, 03:04 PM
 
1,989 posts, read 1,976,052 times
Reputation: 390
We are over due, but if I remember correctly the fault is actually 30 miles or so away in Summerville, also Mt. Pleasant is on more solid ground than a good bit of the area around Charleston so it might be less of an issue there.
Reply With Quote Quick reply to this message
 
Old 08-22-2014, 04:47 PM
 
Location: Summerville, SC
1,317 posts, read 1,958,203 times
Reputation: 438
You're going to pay more here for HO insurance due to that and the probability of coastal storms. Be sure to SHOP around and get several quotes.
Reply With Quote Quick reply to this message
 
Old 08-22-2014, 04:49 PM
 
3,256 posts, read 4,221,468 times
Reputation: 667
Quote:
Originally Posted by tsb1727 View Post
Construction is moving along nicely on our Rivertowne home and we hope to have it done by late November. Starting to look for home owners insurance and I am trying to decide if I need earthquate insurance. I always remember on the Charleston tours the guide telling us that Charleston sits on an earthquake fault and showing us the earthquake rods in the older homes. So......I am worried that I at least need some coverage. Only got one quote so far and was an additional $500 which is about what I pay in NJ for my entire HO policy. Any thoughts or recommendations would be appreciated.
500 per year right?
Reply With Quote Quick reply to this message
 
Old 08-26-2014, 09:10 AM
 
39 posts, read 62,061 times
Reputation: 17
I sell insurance. Anywhere from $350-$600 is about right for EQ coverage depending on the amount of coverage and whether or not the home has any brick construction. Coverage on brick/masonry exteriors are going to be more costly.

If you are building in Rivertowne, you should expect to pay $2500 annually for HO insurance (on the low end) and up to $5000 or $6000 depending on the home and amount of coverage desired.
Reply With Quote Quick reply to this message
 
Old 08-26-2014, 01:57 PM
 
Location: Summerville, SC
1,317 posts, read 1,958,203 times
Reputation: 438
I just got a quote from an agent...$148/yr for EQ insurance, but it has a 10% deductible. It is an optional item with homeowners.

You can get a stand-alone EQ policy, and the quotes I've gotten on those run from $452 to $565/yr with a 1%, 2%, or 3% deductible.
Reply With Quote Quick reply to this message
 
Old 08-26-2014, 10:55 PM
 
Location: Berkeley County
553 posts, read 469,459 times
Reputation: 613
Quote:
Originally Posted by jtwusc View Post
I sell insurance. Anywhere from $350-$600 is about right for EQ coverage depending on the amount of coverage and whether or not the home has any brick construction. Coverage on brick/masonry exteriors are going to be more costly.

If you are building in Rivertowne, you should expect to pay $2500 annually for HO insurance (on the low end) and up to $5000 or $6000 depending on the home and amount of coverage desired.
Why is HO policy so expensive in Rivertowne? We are in Berkeley County, in a 400k home and pay only 1600 annually with a well known major insurer.
Reply With Quote Quick reply to this message
 
Old 08-26-2014, 11:58 PM
 
Location: Meggett, SC
10,443 posts, read 8,584,405 times
Reputation: 5800
Quote:
Originally Posted by Baconisgood View Post
Why is HO policy so expensive in Rivertowne? We are in Berkeley County, in a 400k home and pay only 1600 annually with a well known major insurer.
It's far closer to the coast.
Reply With Quote Quick reply to this message
 
Old 08-27-2014, 06:24 AM
 
27 posts, read 24,397 times
Reputation: 10
TealDreamer - Can I ask you who you got the $148 quake ins quote from?
Reply With Quote Quick reply to this message
 
Old 08-27-2014, 10:06 AM
 
Location: Summerville, SC
1,317 posts, read 1,958,203 times
Reputation: 438
Default $148/Yr. EQ

That $148 is based on a lot of criteria and discounts, so not sure what yours would come out to be. Also, that quote is for the EQ as part of the homeowner's policy...it's not a standalone EQ.

Sent you a DM.....
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:



Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > South Carolina > Charleston area
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top