South Carolina H5063 mandates periodic structural inspections for certain coastal multi-story buildings to renew property insurance.

South Carolina H5063 requires buildings that are four stories or 49 feet tall, located within three miles of the Atlantic Ocean coastline, and at least 15 years old to undergo a full structural inspection by a certified structural expert every five years. Insurers may consider the inspection report when deciding to renew, nonrenew, or conditionally renew a policy. If a policy is renewed after a qualifying inspection, it must cover losses up to the policy limits and provide coverage for reasonable alternative living expenses if evacuation is necessary due to structural deficiencies.

South Carolina H5063 mandates periodic structural inspections for certain coastal multi-story buildings to renew property insurance.

South Carolina H5063 requires buildings that are four stories or 49 feet tall, located within three miles of the Atlantic Ocean coastline, and at least 15 years old to undergo a full structural inspection by a certified structural expert every five years. Insurers may consider the inspection report when deciding to renew, nonrenew, or conditionally renew a policy. If a policy is renewed after a qualifying inspection, it must cover losses up to the policy limits and provide coverage for reasonable alternative living expenses if evacuation is necessary due to structural deficiencies.