Liability insurance is causing SC drivers to pay more

fraud liability insurance news industry

The size and frequency of the claims is making coverage more expensive in South Carolina. Drivers in South Carolina are finding that they are paying more than they might have to in other states due to the number and frequency of liability insurance claims that are occurring in the state, and the fact that while those practices are perfectly legal, the current system has placed the state at risk of a certain degree of fraud. There are currently 28 states in which there are not any restrictions when it comes…

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Health insurance policies sold through South Carolina exchange may become more expensive

South Carolina Health Insurance

Department of Insurance believes that insurance policies will increase in cost next year The South Carolina Department of Insurance has predicted that the four health insurance companies that are selling policies through the state’s insurance exchange will again sell these policies during the exchange’s next open enrollment period. These plans will go active next year, but the agency believes that they will be more expensive than they were during the last open enrollment period. The agency will not know for sure if these policies will be more expensive until later…

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Homeowners insurance tax credit becoming better recognized in South Carolina

homeowners mortgage insurance credit score

Residents of the state are increasing their awareness and are taking advantage of it at an increasing rate. According to recent news data, the number of people who are taking advantage of a tax credit for homeowners insurance purchased for hurricane and flood coverage is on its way up in South Carolina. The state tax credit is currently available for an amount of up to $1,250 per property owner. The latest data has shown that the number of homeowners insurance customers who are taking advantage of this tax credit in…

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