July 15, 2024

North Carolina Homeowners Insurance Explained: Ensuring Your Peace of Mind


When it comes to protecting your home, peace of mind is priceless. In North Carolina, homeowners insurance is essential for safeguarding your property against unexpected events. With over twenty years of experience, we at Gary Bacon Insurance are dedicated to providing personal service and the best insurance rates. In this article, we’ll explain everything you need to know about North Carolina homeowners insurance to help you make an informed decision.

What is Homeowners Insurance?

Homeowners insurance is a policy that covers damages to your home and personal property, as well as liability for accidents that occur on your property. In North Carolina, homeowners insurance is crucial due to the state’s susceptibility to natural disasters like hurricanes, floods, and tornadoes.

Why Do You Need North Carolina Homeowners Insurance?

1. Protection Against Natural Disasters

North Carolina’s coastal location makes it prone to hurricanes and severe storms. Homeowners insurance provides coverage for damages caused by these natural disasters, ensuring that you’re not left with a financial burden in the aftermath.

2. Liability Coverage

Accidents happen, and if someone is injured on your property, you could be held liable. Homeowners insurance includes liability coverage, which helps pay for legal fees and medical expenses if you’re found responsible for an accident.

3. Mortgage Requirement

Most mortgage lenders require homeowners insurance as a condition of the loan. This protects their investment in your property and ensures that you can rebuild or repair your home if it’s damaged.

What Does North Carolina Homeowners Insurance Cover?

1. Dwelling Coverage

This covers the structure of your home, including the roof, walls, and foundation. If your home is damaged by a covered peril, such as a fire or windstorm, dwelling coverage helps pay for repairs or rebuilding.

2. Personal Property Coverage

Your belongings, such as furniture, clothing, and electronics, are also protected under homeowners insurance. If your personal property is damaged or stolen, personal property coverage helps replace these items.

3. Additional Living Expenses (ALE)

If your home becomes uninhabitable due to a covered loss, ALE coverage pays for temporary living expenses, such as hotel stays and restaurant meals, while your home is being repaired or rebuilt.

4. Liability Protection

As mentioned earlier, liability protection covers legal and medical expenses if someone is injured on your property. It also covers damages you or your family members may accidentally cause to others’ property.

5. Other Structures Coverage

This includes structures on your property that are not attached to your home, such as a detached garage, shed, or fence. Other structures coverage helps repair or rebuild these structures if they’re damaged by a covered peril.

How to Choose the Right North Carolina Homeowners Insurance Policy

1. Assess Your Coverage Needs

Consider the value of your home and personal belongings, as well as your risk factors, such as the likelihood of natural disasters in your area. This will help you determine the amount of coverage you need.

2. Compare Insurance Providers

Research different insurance providers to find one that offers the best rates and coverage options. At Gary Bacon Insurance, we pride ourselves on providing personal service and competitive rates.

3. Understand Your Policy

Make sure you understand the details of your policy, including what is and isn’t covered, your deductible amount, and any additional coverage options available.

4. Review and Update Your Policy Regularly

As your life changes, so do your insurance needs. Regularly review your policy to ensure it still meets your needs and make updates as necessary.


Investing in North Carolina homeowners insurance is a crucial step in protecting your home and ensuring peace of mind. With over twenty years of experience, Gary Bacon Insurance is here to help you find the best insurance rates and provide personal service tailored to your needs. Contact us today to learn more about how we can help you safeguard your home and belongings.

For more information, visit our website: Gary Bacon Insurance.