5 Warning Signs to Look for When Filing a Claim

Check out these helpful home insurance terms.

Let’s be real, the process of filing an insurance claim is lengthy, complex, and difficult. Even the most vigilant and mindful policyholders can end up overlooking crucial details that could impact the overall claim’s success. If you’re filing a business-related claim, it may include even more complications and you may need to pay a great deal of attention to different variables to protect your assets and brands.

That’s why experts suggest owners of commercial or business properties work with a professional who specializes in insurance claims. Whether you want to file an insurance claim right after your property is damaged or decide to wait, only a professional can help you deal with the process.

Therefore, you should consider learning about a few red flags to navigate the claims process efficiently. Don’t fret if you have no idea how to go about it. Here we have listed some warning signs to look for when you file a claim.

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Mercury Insurance Reduces Rates for Residents of Georgia

Chamblee home insurance quotes

Did you know that Mercury Insurance has reduced homeowner’s and auto insurance rates for its policyholders in Georgia by 5 percent?

The good news is that the reduction applies to all old and new customers from 25 June. The policy renewals begin August 14th and allows all Mercury policyholders to save an average of $149 annually on their auto insurance and $67 on their homeowner’s insurance.

According to the Product Manager of Mercury Insurance Georgia, Sarah Wang, the insurance organization is delighted to help their customers save money on their insurance. They aim to help coastal Georgia homeowners obtain the essential coverage to repair their houses from any perils or disasters such as windstorms.

Keep on reading to learn more about Mercury and how they reduced their rates for their policyholders in Georgia.

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The Best Day to List Your Home in Atlanta

selling your home in Atlanta

If you live in Atlanta and are all set to list your property for sale, you must know the best day to do it.  No matter how bizarre it may sound to you but listing your home may increase your chances to get it in front of the potential buyers quickly.

Are you interested in learning more about it? Well, keep on reading to explore the best day to market or list your property in the housing market.

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What Are the Most Common Home Insurance Claims in Atlanta?

If you live in the Atlanta area, you understand that homes are expensive. Therefore, if you find the perfect home for you and your family, you have to make sure you are adequately protected. After all, your home is also a valuable investment. That is where home insurance comes in handy. Even though it is not required by law, you should still have appropriate home insurance. You never know what might happen. What are examples of the most common home insurance claims people file in the Atlanta area?

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Do You Still Need Home Insurance if Your Mortgage is Paid Off?

If you live in the Atlanta area, then you know that your real estate is valuable. Your home is one of the most important investments you will ever make. Therefore, you need to protect it. Even though it may take you years, and possibly decades, you will probably pay off your mortgage. At that point, do you still need homeowners’ insurance? Is this required by law? There are a few important points you should keep in mind.

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Atlanta Flood Insurance: Is This Something You Have for Your Home?

atlanta flood insurance

You may not live near a large body of water being in Atlanta. On the other hand, you still need to make sure you have flood insurance. Even if you are a long way from the Georgia coast, a severe storm can easily put an inch of water on the floor of your house. And, if that is the case, then the entire foundation of your home could be damaged. Therefore, you need to have flood insurance.

But is this something that is usually included in your home insurance coverage?

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High Value Insurance Policies Offer Greater Protection for Atlanta Homes

Insuring High-Value Homes in Atlanta

Most homeowners are not comfortable taking the risk of a fire or severe weather damaging their home, so they purchase Atlanta home insurance to protect their investment. If you own a high-value home, you need a more robust policy to make sure you receive reimbursement for damage when you need it the most.

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How To Prepare for a Home Insurance Inspection

atlanta home insurance inspection

If you have recently purchased a new home and are in need of Home Insurance, one of the first questions that you need to answer is how much insurance you require. Usually, people target home insurance based on the amount of money they recently paid for their new home. On the other hand, this policy is not going to be adequate. Their home is likely going to increase in value in the future, meaning that their current policy might not provide enough protection to rebuild the home in the event of a disaster. Furthermore, individuals also have to make sure home insurance protects the belongings inside the home in addition to the home itself. On the other hand, homeowners can also request a home inspection from their insurance company to determine the right value of the home and how much Atlanta insurance they require.

What Are the Benefits of a Home Insurance Inspection?

There are a few significant benefits of a home insurance inspection. These include:

  • A home insurance inspection can help homeowners identify risks that could lead to property damage or safety issues, allowing homeowners to address them and prevent claims from being filed
  • A home insurance inspection can help homeowners identify areas of their home that might qualify for a discount on their home insurance premiums 
  • Finally, a home insurance inspection will make sure that people get the right amount of home insurance for their home

Therefore, it is important for homeowners to prepare adequately for an upcoming home inspection for Atlanta insurance.

Preparing for a Home Insurance Inspection

It is important for all homeowners to make sure they are ready for an upcoming home inspection. Some of the most important points to keep in mind include:

  • Homeowners need to make sure they have proper documentation showing the correct square footage of their property
  • If there is any interior design work that has been done (or will be done in the future), homeowners should prepare documentation regarding the costs of these renovations 
  • Because homeowners can get discounts on their home insurance premiums for a security system, homeowners should provide documentation regarding their alarm system and other security features
  • Homeowners should also provide information regarding water damage prevention systems, such as water sensors, as these could also help homeowners qualify for a discount on their home insurance premiums
  • If there are any updates that have taken place to the plumbing, electrical system, Windows, heating, or roof recently, documentation of these should be provided as well

Homeowners should also make sure that their house is tidy. The living environment should be free of fire hazards and possible trip hazards must be removed. Also, make sure the staircases have guardrails. These safety measures can help homeowners save money on their home insurance costs.

Conduct a Home Insurance Inspection To Get the Right Policy

These are a few of the most important points that homeowners need to keep in mind when they are getting ready for a home insurance inspection. It is critical for homeowners to make sure they get enough home insurance coverage without paying for something they do not need. Contact our team at AtlantaInsurance.com today to learn more about how we can help you!

Tips for Buying Home Insurance in Atlanta

atlanta home insurance

Your home and belongings are valuable, and protecting them with insurance makes it possible for you to repair the damage, replace needed items, and get on with your life in the event of a disaster.

However, not all forms of insurance are created equal. Read on to get to know the primary home insurance options to ensure you’re buying the policy that best suits your needs.

“Basic Form” Coverage

“Basic Form” coverage is typically the most affordable form of home insurance; however, as the name implies, it’s also very limited. Any type of disaster or event that is not specifically listed in your coverage isn’t covered by your insurance policy.

There are two main forms of basic coverage. These are HO1 and HO2. An HO2 insurance policy offers more protection than HO1 coverage; even so, it doesn’t cover your belongings or medical bills incurred by yourself or others in the event of an accident or disaster.

“Open Peril” Policies

An open peril policy covers all types of disasters and mishaps unless these disasters and mishaps are specifically excluded from your policy.  This form of coverage is in order if you want full protection for your home, grounds, and belongings.

HO3 and HO5 insurance policies are both open peril policies. HO3 is perhaps the most popular option on the market as it’s reasonably priced and offers ample coverage for your home, other structures on the property, personal liability, medical payments to third parties, and more. However, an HO3 policy isn’t comprehensive. If you want total coverage, you’ll find that an HO5 policy is your best bet. An HO5 insurance policy covers literally everything; what’s more, it will compensate damaged belongings at replacement value, which means you’re covered for the current cost of buying a replacement item no matter how much the original item cost.

Specialized Insurance Options

There are also several specialized forms of coverage you’ll want to know about. These are:

  • Renter’s insurance. Renter’s insurance, or HO4 home insurance policies, are designed for those who rent rather than own their own home. Renter’s insurance covers your belongings and the cost of having to stay at a hotel if the home is damaged due to a natural disaster or some other unforeseen event. Renter’s insurance also provides personal liability coverage.
  • Condo insurance, or HO6 policies, are specifically made to meet the needs of condo owners. An HO6 policy covers all your belongings plus the ceiling, walls, and floors in your condo.
  • Mobile Home insurance, also known as HO7 insurance, covers mobile homes, manufactured homes, and trailers. You can buy either a basic or open perils policy.
  • Older home insurance, aka HO8 policies, are designed for homes that are over 40 years old. This form of coverage is similar to HO3 insurance but takes into account that an older home may not meet the same structural standards as a relatively new home.

As an Atlanta homeowner, you’ll find that there is no one form of insurance that is inherently better than all others. Rather, you’ll need to consider your personal circumstances, budget, location of your home, the value of your personal belongings, and other factors to determine which form of insurance is right for you personally. However, bear in mind that buying home insurance isn’t a one-time decision. You’ll want to evaluate your policy every year to ensure it still meets your needs. Changes in lifestyle, home structure, and the purchase of new belongings may require you to either update your policy or buy a new one altogether.

Atlanta Insurance offers a wide range of home insurance options at various price points to suit your needs and budget. Get in touch with us today to learn more about your options or to get the coverage you need at the best possible price.

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