We are in an “insurance hard market“. In simple terms, a hard market is when more carriers decline or restrict insurance offerings. Characteristics are dramatic premium increases; underwriting restrictions increasing and more binding suspensions on certain products or in targeted…
Who Needs Workers’ Comp in South Carolina? South Carolina employers are required to carry workers’ compensation if they have 4 or more employees, whether full or part-time. This applies when payroll is at least $3,000.00 annually. However, there are limited…
Coverage A or Dwelling Replacement. What is it? What does it do? Watch the video above for a quick summary of what Coverage A is. Dwelling insurance, also known as dwelling coverage or Coverage A, is the portion of your…
Rental properties across the Columbia, SC and Lexington, SC, areas are exploding. So many people want to live near our great attractions: University of South Carolina, Fort Jackson, Lake Murray, downtown Columbia, Irmo, Chapin, Lexington, SC. All amazing places. Being…
I was recently asked this question by one of our Safe Harbor Insurance Advisors clients, and thought I would share the answer here for our readers. There are a lot of things that go into homeowners and auto insurance rates, one…
Why do my auto insurance rates keep going up even though my car is getting older? At Safe Harbor Insurance Advisors, many of our clients ask this question so I would like to address it from a couple of angles.…