Screenshot 2024-11-13 102658_edited_edit

Homeowners Insurance

Homeowners Quote

Types of Coverage

Dwelling Coverage: Protects your home’s structure from fire, wind, hail, and vandalism.

Personal Property: Covers belongings like furniture, electronics, and clothing.

Liability Coverage: Shields against claims of injury or property damage on your property.

Additional Living Expenses (ALE): Covers temporary housing costs if your home is uninhabitable.

Flood Insurance: Not included; purchase separately through NFIP or private insurers.

Key Considerations

Hurricane & Wind Risks: Georgia’s exposure to hurricanes and tropical storms makes windstorm coverage a valuable option. Some insurers may apply higher hurricane deductibles.

Tornadoes & Hail: Severe weather events like tornadoes, hail, and thunderstorms are common, so consider policies that include coverage for these risks.

Georgia-specific Laws: Homeowners insurance is regulated by the Georgia Department of Insurance, and insurance companies must file their rates and policy forms with the department for approval.

Wind & Hail Coverage

Windstorm Deductibles: Coastal areas often include these due to hurricane risks.

Hail Damage: Hail can cause significant damage to roofs, vehicles, and outdoor equipment. Verify your policy includes coverage for potential hail damage.

Water Damage Coverage

Flood Risk: While Georgia does not have a significant number of coastal flood zones like neighboring Florida, Inland flooding from heavy rain and rising rivers affects areas like Atlanta and Augusta.

NFIP: Flood insurance is available through the National Flood Insurance Program and private insurers.

Mandatory Flood Insurance: Homes in FEMA-designated high-risk zones may need flood coverage for mortgages.

Recent Trends & Changes

Rate Increases: Home insurance rates in Georgia have been increasing due to disasters, inflation in construction costs, and property value growth.

Wildfire and Climate Risks: Insurers may adjust premiums or coverage in high-risk areas.

Save & Maximize Discounts

Bundling: Combining your home insurance with other policies (e.g., auto or life insurance) can result in a discount.

Home Security: Installing security systems and alarms may lower your premiums.

Claims-Free History: A claims-free history could help you secure lower premiums.

Higher Deductibles: Opting for a higher deductible can reduce your premium, but be sure you're financially prepared for out-of-pocket costs if you need to file a claim.

Rates

Home insurance costs in Georgia have risen due to storm frequency, construction inflation, and property values. As of late 2024, average premiums range from $1,400 to $1,600, depending on location, home size, age, and coverage.

Deductibles: Opting for higher deductibles can lower premiums but consider your ability to cover repair costs.

Credit Score Impact: Credit scores may influence premiums, with higher scores often leading to lower rates.