If you are buying a house in Georgia, you are not required by law to have insurance. However, there is a good chance that your lender will require you to do so. Because your house is likely the most expensive asset you own, you should have home insurance even if your home is paid off.
There are several types of coverage included in a basic home insurance policy that will give your house the protection that it needs.
Dwelling coverage protects the structure of your house. If the house is damaged or destroyed during a fire, severe weather, or if it is struck by a falling object, this coverage would pay to repair or rebuild the home.
Other Structures Coverage
This coverage would pay to repair or replace any building on your property that is not attached to the house, such as a detached garage or a storage shed.
Personal Property Coverage
This coverage will protect everything that is inside the home. If your personal belongings are damaged, destroyed, or stolen, this coverage will pay to repair or replace them.
If someone sues you after being injured on your property, your liability coverage will protect you. Liability also covers if you damage another person's property.
Guest Medical Protection
This part of your home insurance policy will pay the medical bills if a guest is injured on your property.
Additional Living Expenses
If your home is damaged or destroyed in a covered loss and the house is uninhabitable, this coverage would pay for your lodging, food, and other expenses.
If you are buying a house in Georgia, you will need a home insurance policy. The professionals at ProStarr Insurance Agency professionals can help you purchase a policy that will provide the protection you need. If you want more protection than what is offered in a basic policy, we can help you with that also. There are optional coverages that can help, such as water backup, yard and garden, and scheduled personal property. We can help you purchase the best policy to give you the protection that you need. To get your policy started, give us a call or stop by today.