Please refer to the Manual for information on restrictions. South Carolina law requires that the Association's maximum limits be used prior to purchasing excess wind insurance. The 15-day waiting period starts after the Association has received the completed application, photos, and full payment of premium. The policy forms cover the perils of wind and hail, subject to the terms of the policies. While flood insurance is not required, it is strongly recommended.
Deductibles apply separately to building and contents.
An additional deductible applies to the indirect coverages For personal lines risks, the deductible is based on policy limits. For commercial lines risks, the deductible is based on property value. Each year, the broker must request that the policy be rewritten and submit the full payment of premium. The Association does distributed pre-printed applications for those rewrites. The Association Staff, in conjunction with the various agents associations, offers seminars covering a number of wind and hail topics.