Homeowners insurance can be a very expensive and time-consuming process. But with the right coverage, you can greatly reduce your risk of having to pay for damage done to your home. I have condensed all the information in this post into one page so that you can easily get started.
Georgia is a great state to live with many great communities to raise a family. As a home builder, we know the value of a family friendly neighborhood. But Georgia can also have some pretty sever weather, which makes homeowners insurance to have.
There have been several weather events in recent years that have resulted in the loss of power to entire neighborhoods and businesses. From lightning striking a tree and send it flying into the air, or a storm-whipped treetop plummeting to the ground. Sometimes, these events can turn out to be quite dangerous and property damage can occur.
What is Covered
When looking at general homeowner’s insurance in Georgia, the following events are covered for replacement or repair.
- Smoke
- Fire
- Theft
- Vandalism
- Damage from a weather event including wind, lightning, and hail
- A falling tree
What Items Are Covered
It’s not just your home that is covered under most insurance policies. Depending on the coverage you have, items in and around your home could be covered. These could include:
- Appliances
- Heating and cooling systems
- Clothing and other personal possessions
- Furniture
- Legal fees
- Medical expenses
The medical costs would be for yourself and your family, but if you happen to have visitors outside of your family at your home when events occur, legal fees coverage will come into play. It is also good to know that if you and your family need to relocate to other housing while repairs are happening, the standard policies in Georgia often provide financial means for lodging and food.
In most cases, coverage in Georgia will also cover buildings that are not connected to your home but are on your property. So, if you have an unattached garage or a shed, it could be covered should there be any of the above damages occur.
Homeowners insurance policies can be pretty hard to read at times. For instance, many are not fully aware of everything that could be covered under their policy. Most policies available in Georgia will cover those belongings on your property that are not a part of the physical home. If you have a fence on your property, an outdoor fireplace, a pool, the walls of your home, or any permanent fixtures, they could be covered.
Adding Customization
There are many different customization options available to you. Including the ability to add possessions to your policy that may not be covered under the general policy. These options may increase what you need to pay, but in the long run, it might just be the best approach for your home and your family’s budget.
Having an adequate and affordable amount of coverage on your policy is crucial. Surprises like spring and summer storms and unforeseen damage, could set your family budget back by $1000’s of dollars. A good homeowners policy could be the best way out of a huge repair bill.
Homeowners insurance can be a very expensive and time consuming process. But with the right coverage, you can greatly reduce your risk of having to pay for damage done to your new home. It is worth the time and effort to understand your policy.