Do you own a home in the Sioux Falls, SD area? If you do, you already know it is one of the most beautiful places to live. At Wilcoxon Insurance Inc., we are proud to serve homeowners, renters, travelers, and businesses with quality insurance services. Here are a few common questions about homeowner’s insurance:
Home Insurance FAQs in South Dakota
- How much homeowner’s insurance is required in South Dakota? Legally, you do not have to have homeowner’s insurance if you own your home outright. If you have a mortgage, your mortgage company likely requires enough coverage to cover the remaining cost of the loan. Although it is not a legal requirement, it is an affordable way to protect your family’s assets.
- Is my home covered in the event of a flood? Typically, homeowner’s insurance does not cover flood damage. This is why adding flood coverage is a good idea if you live in an area with any risk. There are various affordable options to protect your home from the unique risks that may be in your area.
- How much coverage do I need? If you have a mortgage, you need at least enough coverage to cover the cost of your home. If you do not have a mortgage, then each situation is unique, but we will be happy to discuss your coverage needs, so you have the exact protection you need.
Wilcoxon Insurance Inc. serves Sioux Falls, SD with friendly and efficient service. If you have any questions about homeowners insurance, give us a call, and we will be happy to make it as easy as possible for you to get the coverage you need.