Save a lot of money with a homeowner insurance quote in Georgia from a top company near you. Homeowner insurance coverage in Georgia for a condo or mobile home falls in the mid-range of average insurance rates in the United States. Annual premiums in the state are in the range of $743 to $776.
There are a number of natural disasters that could befall Georgica residents, such as hurricanes, strong winds, floods, blizzards, and tornadoes. That is why having a homeowner insurance policy would be of great help if the home is ever damaged or destroyed by natural calamities.
A basic homeowner insurance policy in Georgia consists of four types of coverage…
· Structural Coverage – Pays for damages on the actual structure of the home caused by fire, wind, hail, and theft, etc.
· Personal Property Coverage – Covers personal possessions that are stored in the home, the homeowner’s vehicle, and detached structures, such as a garage or shed. This coverage is available as Actual Cash Value Coverage and Replacement Cost Coverage.
· Liability Coverage – Accords protection against lawsuits and claims resulting from physical injury or damage to another person’s property because of negligence on the part of the homeowner.
· Additional Living Expenses – If damage to the house forces the homeowner and his/her family to rent an apartment or live elsewhere, this coverage will provide the funds so that they could continue to enjoy a normal standard of living.
Like the other 49 states of the U.S., the standard homeowner insurance policy in Georgia does not include flood coverage resulting from hurricanes (although it does cover flood damage caused by busted water heaters or air conditioners. One should check the policy of flood coverage also applies to backed-up pumps and sewers). Flood coverage is a rider that is added to the basic policy or obtained as a separate coverage through the National Flood Insurance Program.
Condominium owners have their own insurance policy. The condominium association policy covers the entire condo building and the common areas, such as hallways, stairs, etc. Individual unit owners are required to pay a certain percentage of the association policy. Condominium insurance coverage, on the other hand, protects the wall, floors and ceiling coverings, any upgrades and improvements made to the unit, and personal belongings contain within the unit’s four walls.
It is important for homeowners to know that Georgia keeps a record of claims on consumers and property over a period of the last five years. Known as the Comprehensive Loss Underwriting Exchange Report (or CLUE Report), these files are studied by insurance companies before approving coverage to a prospective applicant. The CLUE Reports can also be accessed by homeowners through the ChoicePoint Consumer Disclosure by virtue of the Fair Credit Reporting Act. This would allow homeowners to know why their applications for claims have been denied or they would be forewarned of any problems — such as claims filed against the property by previous homeowners — that would make it difficult for them to make claims.
With Georgia being a high-risk region for natural disasters, some insurance providers have ceased approving policies to new homeowners. A homeowner who has been rejected three times by private insurance corporations (the maximum requirement) could avail of homeowner insurance in Georgia through the state’s FAIR Plan.
Find homeowner insurance rates in each of these Georgia cities:
Acworth – Albany – Alpharetta – Americus – Athens-Clarke County – Atlanta – Auburn – Augusta-Richmond County – Bainbridge – Belvedere Park – Brunswick – Buford – Cairo – Calhoun – Candler-McAfee – Canton – Carrollton – Cartersville – Cedartown – Chamblee – Clarkston – College Park – Columbus – Conley – Conyers – Cordele – Country Club Estates – Covington – Dalton – Decatur – Dock Junction – Doraville – Douglas – Douglasville – Druid Hills – Dublin – Duluth – Dunwoody – East Point – Eatonton – Evans – Fair Oaks – Fairview – Fayetteville – Fitzgerald – Forest Park – Fort Benning South – Fort Oglethorpe – Fort Stewart – Fort Valley – Gainesville – Garden City – Georgetown – Gresham Park – Griffin – Grovetown – Hapeville – Hinesville – Irondale – Jesup – Kennesaw – Kingsland – La Fayette – LaGrange – Lawrenceville – Lilburn – Mableton – Macon – Marietta – Martinez – McDonough – Milledgeville – Monroe – Moultrie – Mountain Park – Newnan – Norcross – North Atlanta – North Decatur – North Druid Hills – Panthersville – Peachtree City – Perry – Pooler – Powder Springs – Redan – Richmond Hill – Riverdale – Rome – Roswell – Sandersville – Sandy Springs – Savannah – Scottdale – Skidaway Island – Smyrna – Snellville – St. Marys – St. Simons – Statesboro – Stockbridge – Stone Mountain – Sugar Hill – Suwanee – Swainsboro – Thomaston – Thomasville – Thomson – Tifton – Toccoa – Tucker – Union City – Valdosta – Vidalia – Vinings – Warner Robins – Waycross – Wilmington Island – Winder – Woodstock
Homeowner insurance in Georgia provides coverage in the event of damage to your property from theft, fire, floods, and natural disasters as well as protects you from liability for injuries or damage caused to people on your property. The right homeowner insurance plan can help you make the best choices about this important protection for you and your family. Get free quotes on homeowner insurance in Georgia above.