|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
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
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 belongings only.
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.
|Call us today for your free insurance quote (910) 392-5173
PO Box 11325 - Wilmington, NC 28404