Do Coastal Homes Really Need Extra Insurance Coverage?


Over a lifetime, ownership, assets, and your location are variables that are very likely to change. Southeastern North Carolina has become one of the most attractive relocation destinations, whether for retirement, buying a second home or vacation property. In fact, Wilmington, North Carolina was one of the top finish locations for 2020. Source: United Van Lines

Unfortunately, there is a persistent misunderstanding about homeowners insurance policies and their protection against flood and storm damage. This is especially true for owners located in our coastal regions. With an increased risk of flooding and storm damage, coastal property owners often unknowingly put their real estate investments and the assets within them at risk.

Inland or coastal home insurance policies

In the state of North Carolina, a typical home insurance includes basic protection against misfortunes such as damage resulting from fire, smoke, theft, vandalism and weather phenomena such as lightning, wind and hail.

Moving to the coast means exposing yourself to elements you may not have thought of. Salt, wind and flooding are all risk factors that may require additional home insurance coverage. This may seem obvious, but you’d be surprised how many new owners might miss this fact. It is important to understand all the factors regarding home insurance policies.

Coastal home insurance fills in the gaps where plans for inland homes do not. Specifically, these policies separate damage from wind, named storm systems, and a major factor that residents of southeastern North Carolina must consider each year: hurricanes. This is different from interior homes, the deductible of which is classified as “windstorms.” These weather events each have their own separate deductibles, and coastal homeowners will need them for named storms and floods.

Flood maps and flood insurance

The southeastern coastal areas are very often located in high-risk low-lying areas. If you’ve spent 30 years living in the Cape Fear area, chances are you’ve experienced flooding on some scale. Even a relatively small amount of water can cause thousands of damages.

FEMA flood maps indicate whether your home is in a low-risk or high-risk area. “If you own property in a high-risk area and you have a federally backed mortgage, you are obliged to take out flood insurance as a condition of this loan. Source:

Flood insurance will help further cushion high risk coastal homes and protect assets such as furniture, carpets, clothing, electronic equipment, etc.

Protected with the Huneycutt Band

For any buyer of inland to the coastit is important to know your coverage perfectly.

If you are looking to insure your coastal home, the best option is to use a knowledgeable local agency that understands the ebbs and flows of coastal insurance. There are no better guides for Home Insurance that The Huneycutt Group. Their full-service insurance agency in Wilmington, NC has over 40 years of experience writing insurance policies for all budgets and coverage needs, giving you the peace of mind you deserve.

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