Underwriting and providing homeowners/condo coverage is an area in which PC&L Agency, Inc. is especially proud. With offices in Charleston, Myrtle Beach and Hilton Head we are experts in coastal insurance needs and have developed the needed relationships with insurers to meet the demand.

PC&L Agency WRITES WIND COVERAGE for houses in the SC Wind Pool Zones. Property is covered including wind and hail. Flood and Excess Flood are available.

Insurance policies provide protection for your home, contents, loss of use, guest medical payments and liability. Homes are insured on a replacement cost basis. Contents and personal belongings are also insured on a replacement cost basis.

PC&L Agency representatives will assist you in determining what your home should be covered for in order to avoid co-insurance penalties. Homes are insured for the replacement cost of the structure, NOT the sales price or market value of the home/property.

Loss of use provides funds for additional expenses incurred in the event of a covered loss and if you are not able to live in your home until it is repaired. Included items are motel, dining, and laundry.

Guest medical payments and Liability coverage protect you from claims alleging damage as a result of homeowner negligence. The medical payment is a no-fault coverage in order to foster good will.

Coinsurance Exhibit

The theory of insurance is equitable sharing of losses. Like kind and quality are to be treated as such. Coinsurance provisions respond to the policy requirements of insurance to value.

Illustration with premiums and limits chosen for simplification:

Neighborhood with 100 Houses (all similar in replacement costs)

Fact: Over 99% of all claims are partial claims. Is it equitable for Group A to receive the same settlement on a partial loss as Group B? The answer is obvious...NO.