When it comes to finding the best home insurance in The Peach State, there are a few things you need to keep in mind. You want certainty that you made the best decision possible.
Arrow Insurance looks to point you in the right direction and land on the bullseye of obtaining the home protection and policy you need. You don't have to rely on big-box insurance agencies that serve up policies for the masses.
We look to provide you with the policy that protects you, yours, and your interests by understanding your needs. Take a look at some of the most important facets of a great Georgia home insurance policy.
The best insurance policies start here. You want to make sure that you have the right dwelling amount since so many
other facets of your coverage hinge on this number.
View this number as the maximum amount that your insurer will pay in the event that your home is completely destroyed.
You want this amount high enough to prevent a large amount from coming out of your pocket in the event disaster strikes your home.
We recommend you have a dwelling amount that is at least 80% of the value of your home.
This will ensure that you are covered in the event of a total loss. Now about those other facets . . .
As a very important aspect of your home insurance policy, you pay a deductible or "amount out-of-pocket" in the event that you file a claim. This is to offset the risk your carrier takes on to protect you from a loss.
The deductible requires you to have a stake in the game of returning your property back to pre-damage levels.
Using a percentage (typically 1% or 2%) of your dwelling amount yields the deductible amount you pay. Low deductibles usually translate to you paying a higher premium while higher deductibles relate to lower premium payments.
Consider this as you decide on your preference.
Does paying less each month outweigh the risk of paying much more in the event of your home suffering damage from common perils like flooding, wind, or fire?
Personal Liability Coverage
Personal liability coverage exists to help with those strange events that can take place on your property. A neighbor trips and falls on your doorstep. A guest is hurt while slipping on the pool deck. If your child lets a baseball fly and it happens to sail through a neighbor's window, well, you have the coverage.
This will help to protect you by paying for medical coverage, property fixes, and even legal fees if you are sued for damages that occur on/off your property.
It is important to make sure that you have enough personal liability coverage due to the cost of medical bills and/or legal claims that could take place.
Many homeowners choose to reduce this coverage amount to save a small fee, while also increasing their exposure to higher costs later.
Personal Property Coverage
Consider Personal Property Coverage an optional coverage for your policy that will allow you to recoup as much of your lost, damaged, destroyed personal property as possible.
Without a true assessment of the items in your home, your insurance carrier may want to default to a depreciated value when paying to replace the items in your home.
Take an inventory and list the items in your home, e.g., appliance, clothing, collectibles, electronics, furniture to make certain those items have full coverage, meaning full replacement at new, current pricing, rather than a lesser value.
Not everyone's life looks the same. Some run businesses from home. Some have expensive hobbies and equipment or store one or more costly antiques or heirlooms (think art, jewelry) in their home.
Optional coverage exists to match the variety of life with proper protection.
Some of the more popular optional coverages are:
This coverage can each get rather nuanced and provide for a range of situations and also have limitations. At the same time, they allow for your policy to fill in the gaps of what actual protection you need.
We hope you found this a helpful overview of what makes for a strong home insurance policy.
Arrow Insurance is committed to home insurance solutions that will fit your needs and budget. As an independent insurance agency, we have options to offer from many carriers, making for more flexible policies which fit just right.
We know this process can prove overwhelming, so don't hesitate to reach out to discuss.
At the same time, we're here to help with a quote for home, auto, business, or just about anything else you can insure.
You can count on Arrow Insurance to shoot straight.