Four Tips To Save BIG On Your Carolina Park Home & Flood Insurance

Carolina Park Home & Flood Insurance can be expensive…many families that move from other parts of the country to the Carolina Park community in Mount Pleasant, South Carolina are shocked to hear about the insurance premiums they will need to pay to properly insure their home.  

It doesn’t have to be this way!  Mappus Insurance has the secrets that other insurance agents don’t want you to know or don’t know how to help you.  Our proven process can save you up to 37% or more on your homeowners and flood insurance when owning a home in Carolina Park compared to our competition.

Here are FOUR TIPS you can use to help you save 37% or more on your next homeowners and flood insurance bills…and we all know that given the cost of homeowners and flood insurance on the coast in South Carolina, 37% can be A LOT OF MONEY back in your pocket.

Before I mention these four tips, I would encourage you to check out our over 300 FIVE STAR Google Reviews to hear about others that we have helped save money and provide them with a great experience in the process.

  • Discounts
  • Customized Coverages
  • Private Flood Insurance
  • Know your agent, work with your neighbor

Before we dive into each tip, I want you to understand that I am going to be brief in describing them.  Many of these tips can be very technical and specific to each property so the best thing to do is speak with one of our specialized coastal homeowners and flood insurance agents at Mappus Insurance and talk about your situation.  I also want to point out that there are actually more than four tips to help you save 37% or more…these are the top four tips.

Tip #1 – Discounts

This sounds simple and almost a given, right?  Unfortunately, we find that many agents leave off-key discounts on Carolina Park homeowners insurance policies.  There are not just discounts for “bundling” your home and auto insurance but also a slew of other discounts. In many cases, these “other discounts” can be much larger than the home and auto discounts.  Here is a list of additional discounts to discuss with your insurance agent:  

  • Wind mitigation discounts (HUGE SAVINGS) – many agents are too lazy or simply do not know how to apply these discounts.  For some insurance companies, these discounts can be up to 40% of your premium.
  • Monitored burglar and fire alarm
  • Water detection system
  • Flood insurance
  • “Golden age” (typically over 50 or 55+)
  • Military
  • Good/Great Credit score
  • Loss free claims history
  • Age of home
  • Building codes
  • Higher deductibles
  • Multi-Policy (either with the same company or just written through the same agency)

Carolina Park Insurance

Tip #2 – Customized Coverages

Again, another simple thing, right?  Well, no one told this to the insurance agent down the street.  Oftentimes, insurance companies that write homeowners insurance in Carolina Park default “personal property/contents” (your stuff, household belongings) to a certain percentage of the dwelling coverage limit.  

For example, if you have a Carolina Park house being insured for $800,000 then many homeowners insurance companies will provide you with 50-75% of this limit for personal property.  This means you are insuring your “stuff” for $400,000 to $600,000! I am sure you would love to have this much “stuff” but for most families, the number needs to be in the $200,000 to $300,000 range (if that for some families).  

Many insurance agents do not have this conversation and leave you paying more for your homeowners insurance.  We have found that this can save as much as 10% or more alone just by tweaking coverages to only what you need.

…On the flip side, consider if you have a detached garage with living space above it.  Often times the basic coverage of 10% of the dwelling coverage limit is not enough.  Using our $800,000 replacement cost home for example, $80,000 won’t cut it.  In this case, you need to add additional coverage for your “other structure”…most likely doubling the coverage, or more.

Tip #3 – Private Flood Insurance

Carolina Park is the ultimate community to benefit from private flood insurance.  Without going into the technical aspects and putting you into a coma, just trust me.  My family has owned three houses within the Carolina Park community, so I know firsthand the savings here.  I saved OVER 40% alone on my flood insurance by going private compared to FEMA flood coverage. In addition, I received another 5% discount on my homeowners insurance policy because my agency managed both my homeowners and my flood insurance policies.  

While private flood insurance is not always the best option, with Carolina Park being a new construction community, virtually every home will benefit from this option.  Unfortunately, many insurance agencies do not work with many private flood insurance companies or understand how they works. This leaves you paying too much and having no idea there are better options available.  

Tip #4 – Know Your Agent, Work with your Neighbor

This is not a true “discount” but maybe it is???  We are believers in knowing the people you work with, especially on big things like insuring your largest asset.  Who better to work with on your homeowners and flood insurance than your neighbor? Myself and business partner, Griffin Morrow are both active homeowners in the Carolina Park community (disclaimer:  Griffin has lived in three homes in Carolina Park but recently moved to Darrell Creek, one neighborhood over).  We love working with our neighbors and in fact, welcome it very much.  

We want to be able to walk around the neighborhood with our heads held up high, be at the pool socializing or simply say “hi” with pride.  We can only do this 100% without a doubt if we knew we gave it our all when working with our neighbor clients. There are so many benefits to working with an insurance agent that you know (and is a neighbor)…

  • We answer/respond to your phone calls/texts (within reason!) – You can always get us.
  • You will see us in the neighborhood and truly “know us” – You can find us at the pool, playground, tennis courts, or walking paths
  • You can “pop by” to ask a question (I promise you that my neighbors always ask the wildest insurance “what if” questions!)
  • We always know about and are on top of the best options and solutions for Carolina Park as we are checking for ourselves
  • We can have a beer together (or beverage of choice)
  • Our kids will most likely be friends
  • Should you have that 3 am fire, you know we will be there for you
  • Simply put…we are part of the community

If you are a Carolina Park homeowner or are planning to purchase a home in Carolina Park, give us an opportunity to earn your trust and your business.  There are many ways to start the simple, quick, and easy process. Either email, call or text us at 843-763-4200 or simply fill out the form below.  Cheers!

Request Your Proposal Here

Are you ready to save time, aggravation, and money? The team at Mappus Insurance Agency Inc. is here and ready to make the process as painless as possible. We look forward to meeting you!

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