Question : I buying my first home in Georgia and need home insurance, what should I pay to have covered?
What do I need to ask to be covered in my home insurance plan?
- asked by Adam S
All Answers:
Answer #1
Adam S, Home insurance covers lots of differentthings. I'm not sure about Georgia regulations, soI recommend you call a nearby home insuranceagent.
http://www.easyhomeinsuranceguide.com/Georgia-Home-Insurance.html. They will be able to assist you.
- answered by John l
Answer #2
Here are some things to consider and ask whencomparing policies. What is the liabilitycoverage limits? Do I need excess liability? What are the medical payment limits? Do you needmore of either for your purposes (like do youentertain a lot, have hired help on your property,etc.) Does it include worker's comp (in CA it ismandatory) and it is mandated in your state? Whatis the coverage for out buildings (sheds), fences,yard ornamentation, etc. Are there mold andmildew restrictions? (Many insurers are excludingboth after Katrina). Am I in a FEMA flood planeand do I require flood insurance? Do I needtornado insurance? Is wind damage covered? Howare payments structured (i.e. do they havenuisance fees if the policy is not paid in full upfront) and if so, is it recurring, a percentage ora specified amount per payment? Do I get adiscount for: combining home and auto, fire andburglar alarms, being located close to a firehydrant or fire station, fire proof construction(i.e. concrete roof shingles, metal framing),clearing a 100 foot defensible boundary, being acertain age, having no claims, having fireextinguishers in the kitchen and garage, etc. Ifgoing through a broker, ask how they arecompensated, by commission you pay or commissionpaid by the company. If you are college educated,check with your alumni to see if they have anagreement with any certain insurer for discounts(same applies if you belong to professionalmembership organizations or a union). What is thepersonal possession coverage and do you requireriders for special collections or jewelry or powertools in a workshop?
- answered by eskie lover
Answer #3
I live in Georgia, and I think you will findcoverage very reasonable as compared to some otherstates. I am with Allstate, and have been verypleased with their rates, plus they give you adiscount if you combine your home/autopolicies.Take the highest dedubtible you canafford, because it really reduces your cost toinsure.Here's an excellent consumer advocatewebsite to do someresearch:
http://clarkhoward.com/
- answered by Suzannah
Answer #4
Home insurance policies are pretty standard, theonly variables will be deductibles, contents,outside storage, etc. One thing to keep in mindif you live near the coast is that ins. policiesdo not cover water damage unless driven by wind. Therefore, if a hurricane blows your house down,you are covered (there are always exceptions), butif there is damage from storm surge or flooding,it is not covered unless you also have floodinsurance.
- answered by Mary L
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measure and fulfill your financial needs
