|Davis Insurance Group is a trade name used by two different agencies. P&C Products offered through Davis Insurance P&C LLC. Life, Health, Long term Care and Medicare supplement products offered through S.J. Davis &
Associates. We are licensed to sell insurance in North Carolina, South Carolina, Georgia and Florida.
Do not cancel any insurance product until you have a replacement policy in place and paid for.
Copyright - 2006 Samuel J Davis
Davis Insurance Group
5041 New Center Drive - Suite 207
Wilmington, NC 28403
We provide quotes for homeowners, rental properties, if you are a renter, flood insurance,
Vacant buildings or personal umbrella policies.
A homeowners insurance policies provides coverage for your home, personal belongings,
other buildings on your property, loss of use coverage, personal liability coverage and medical
payments to others injured on your property. Generally, this type of policy is only available to you
if this is you primary residence, a seasonal home or a secondary residence. A standard (HO3)
homeowners policy provides coverage for all perils (Unless excluded).
In coastal areas of North Carolina, it is common to have a 1%, 2% or 5% wind and hail
deductible included on your insurance plan. This is a separate deductible from your standard
deductible and only applies to damage caused by wind or hail perils. This deductible is a
percentage of your dwelling amount (Example: 2% of $100,000 (Dwelling amount) would make
your wind and hail deductible $2,000.00 per loss). Some policies exclude wind and hail
coverage completely. In this case we would place your wind and hail coverage with the North
Carolina Joint Underwriters Association.
Homeowners (HO3) insurance policies also provide replacement cost coverage for your
home, other structures on your property and personal belongings in your home as long as your
dwelling coverage amount is within 80% of the full replacement cost at the time of loss. The
replacement coverage is only to the policy limits unless you have purchased the additional
coverage rider available on most policies.
There are four other types of North Carolina homeowners insurance policies. The (HO2) and
(HO8) policies are used when an (HO3) policy does not fit your needs. There is also an (HO6)
policy for condo-owners and an (HO4) for renters who just need coverage on their personal
Dwelling Policies: North Carolina dwelling policies (DP1, DP2 and DP3) are used for
structures not occupied by the homeowner. An example is rental homes and on the coast,
mobile homes. These policies have similar coverage's to homeowners policies but typically do
not provide coverage for theft, liability, medical payments or loss of use. Please give us a call for
a complete list of coverages.
This is only a brief description of North Carolina homeowners and dwelling insurance
policies. For a complete explanation or for a quote to fit your needs, please give us a call.