North Carolina Homeowners Insurance

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Owning a home in the great state of North Carolina is a privilege and a major life accomplishment. But you must protect your investment with adequate North Carolina homeowners insurance, which provides coverage for your house, belongings and financial wellbeing if you’re hit by one of the state’s many covered perils.

From its beautiful beaches to its majestic mountains, the Tar Heel State has some of the most diverse terrains on the east coast. Whether you live in Wilmington, Charlotte, Hickory, Raleigh, Winston Salem, Salisbury, Apex or another beautiful town in the state, you’ll face different perils in every region. But you’ll still need the same coverage no matter where you’re located.

What’s Covered With a North Carolina Homeowners Insurance Policy?

Homeowners insurance in North Carolina covers the structure of your house, your personal belongings and much more, including unexpected incidents that could occur on your property. While you get to choose the amount of coverage you enroll in, the following six coverages come standard in every homeowners insurance policy.

Coverage A: Dwelling

This covers the actual structure of your home and the components that make it, such as the roof, siding, windows, countertops and flooring. Since it protects the actual home itself, the amount of Coverage A on your policy should be the equivalent, or slightly more, than your home’s value.

Coverage B: Other Structures

Structures on your property that aren’t connected to your househouse fall under this coverage. It includes things like fences, sheds and even satellite dishes. Coverage for these structures is typically up to 10% of the policy’s dwelling maximum.

Coverage C: Personal Belongings

Coverage C is designed to protect the policyholder’s personal belongings that are kept within the home. For homeowners, this coverage can pay to replace things like furniture, electronics, clothes and even items kept on the property, like lawnmowers.

Coverage D: Loss of Use

Arguably the most underrated part of every homeowners insurance policy, loss of use helps to pay for things like equivalent housing and extra everyday expenses if the policyholder’s home is unable to live in after being damaged or destroyed.

Coverage E: Personal Liability

This coverage can provide financial protection for accidents that occur on the policyholder’s property, damage to other people’s property and dog bites. It can help pay for medical expenses, legal fees and property damage if the policyholder is deemed liable.

Coverage F: Medical Payments

Similar to personal liability, medical payments to others covers minor injuries that occur on the policyholder’s property — whether or not they’re found liable for the incident. Policies usually have between $1,000 and $5,000 worth of MedPay coverage.

Which Perils Are Covered by Homeowners Insurance in North Carolina?

If you live near the beach, you’re going to face a few hurricanes. If you live in the mountains, you’ll face lightning storms that lead to house fires. If you live somewhere in between, you’ll face a number of different perils. But a North Carolina homeowners insurance policy can protect you from it all.

10 Named Perils Under HO-1:

  1. Vandalism
  2. Theft
  3. Damage caused by vehicles
  4. Damage caused by aircraft
  5. Rioting or civil disturbances
  6. Smoke damage
  7. Fire or lightning
  8. Windstorm or hail, such as a hurricane or tornado
  9. Explosions
  10. Volcanic eruptions

16 Named Perils Under HO-2:

  • (All 10 named perils under HO-1, plus the following)

  1. Frozen pipes
  2. Falling objects
  3. Damage caused by heating, air conditioning or plumbing
  4. Damage due to snow, ice or sleet
  5. Damage from water heater, including cracks, burns or tears
  6. Damage from electrical currents, such as downed powerlines

What’s the Average Cost of Homeowners Insurance in North Carolina?

The average cost of homeowners insurance in North Carolina is about $950 per year, which is about 10 percent less than the national average. North Carolina is large, so its terrain is incredibly diverse. With diverse terrain comes challenging perils.

But just $950 per year gets the average homeowner in the Tar Heel State about $200,000 worth of dwelling coverage, $100,000 worth of liability coverage and $30,000 worth of personal property protection for your belongings.

  • Average Cost of Homeowners Insurance in North Carolina: $950 per year

How to Get the Best Homeowners Insurance in North Carolina

When you get a free North Carolina homeowners insurance quote from Clovered, we provide you with multiple policies from the state’s top insurers, so you can pick a policy that meets your coverage needs and your budget.

By teaming up with the top homeowners insurance companies in North Carolina, we took shopping around out of the equation. So what are you waiting for? Get your free quote in minutes.

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The editorial content on Clovered’s website is meant to be informational material and should not be considered legal advice.