Important Coverages And Features Of A Georgia Homeowners Insurance Policy

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For most Georgians, their home is their biggest asset. It's what gives you shelter and a place to raise your family, which is why it is imperative to make sure there's a way to fix or replace it if it is unexpectedly damaged. The most efficient way to do this is to have a comprehensive homeowners insurance policy in place. In Georgia, you'll pay as low as $50 per month to have great coverage that will be there to pay for damages when the unexpected happens. 

When you buy a home insurance policy in Georgia, these are just a few of the important coverages and features that will come with your policy:

Homeowners Insurance Property Coverage

In Georgia, the property coverage is the most important coverage to consider when selecting a homeowners insurance policy. Property coverage will pay to fix or replace your home, personal belongings, or detached structures if they are lost, damaged, or stolen. This includes any additions, improvements, or upgrades you have made to your home before the unexpected event.

For example, if you have $500,000 of coverage for your home and $250,000 of coverage for your personal property and there's a fire that causes a total loss, your home insurance company will pay up to $500,000 to rebuild your home and up to $250,000 to replace your belongings- a grand total of $750,000. Not bad for paying a $50 per month premium, right?

Homeowners Insurance Deductibles

A deductible is a predetermined amount of money that a Georgia homeowners agrees to pay out-of-pocket for a claim before the insurance company begins to pay for the damages. Homeowners insurance policies in Georgia have a variety of deductibles to choose from. The way it works: the higher deductible, the lower your premium, and vise-versa. 

Typical deductible options for Georgia home insurance policies include flat deductibles (meaning your deductible will never increase unless you change it) ranging from $1,000 to $10,000 or percentage-based deductibles (meaning it is a percentage of the dwelling coverage) ranging from 0.5% up to 5%. An example of a percentage-based deductible would be: 1% on a $500,000 home, means your deductible is $5,000 for this policy term. We typically recommend staying away from percentage-based deductibles because they increase each year. 

Homeowners Liability Insurance

Liability insurance is a coverage on Georgia homeowners policies that help pay for legal defense and settlements if you are named in a lawsuit involving bodily injury or property damage to another person or their property. This coverage is very inexpensive, so we recommend higher limits. For Georgia homeowners, this means $300,000 at a bare minimum. You can typically purchase up to $1,000,000 of liability coverage on a homeowners policy in Georgia. If higher limits are needed or desired, you will need to purchase a personal liability umbrella policy. 

How Can You Make Sure You Have The Right Features And Coverages On Your Home Insurance Policy?

By working with the Roberts Insurance Group! We're an independent insurance agency based in Canton and we help homeowners throughout the state of Georgia get the very best value with their home insurance. We have over 40 insurance companies, which means our clients are guaranteed to get the coverage they need at the best price possible.

​Give us a call at 678-250-8133 or click below to get the coverage you need today!

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