The escalating prices of Home Insurance in Georgia are finally showing signs of slowing. According to the Insurance Information Institute Report of 2005 prices of homeowners insurance are expected to rise only by about 2.5 % which is the smallest magnitude of rise in 6 years. Several factors have contributed to this slowing down process not excluding lower claims cost and fewer claims filed. The average premiums paid in USA for Homeowners Insurance and Renters Insurance stood at $668 and$192 respectively. In the state of Georgia homeowner's insurance premium stood at $570 and renters insurance at $215 respectively.
Georgia homeowners insurance protects you from monetary losses of damage, theft and
other hazards. Coverages include in its scope contents of your home, additional expenditure incurred to make your home habitable, and any alleged claim of negligence causing injury to someone else.
While choosing your homeowners insurance policy you must weigh the following options:
- HO-3 – Insurance against risk of loss for buildings, and loss of contents for broad named perils, such as theft
- HO-4 - Provision of content loss coverage on rentals for broad named perils
- HO-6 - A condominium policy providing insurance against broad named perils on an owner-occupied condominium unit
Flood Insurance at Georgia: Flood insurance is not part of a regular Georgia homeowner's insurance policy. However it is provided by the National Flood Insurance Program (NFIP).
The cost of a Georgia homeowner's insurance policy depends on the following factors:
• Location of your home
• Type of construction
• Square footage of your home
• Market value of your home
• Age of your home
• Location of nearest fire department
• Security devices installed
• Other structures on the property
• Valuables in your home
• Deductible desired
Additional information about Georgia home insurance can be found at the Georgia Insurance and Safety Fire Commissioner's office. Call them toll free at 800-656-2298 , or consult them online at www.inscomm.state.ga.us /.
Hers is a list of companies that provide home insurance in Georgia:
Abbey Insurance
3220 Cobb Pkwy (770) 937-0998
Atlanta, GA 30339
Abbey Insurance
2896 Chamblee Tucker Rd (770) 941-1799
Atlanta, GA 30341
Acceptance Insurance
2165 Cheshire Bridge Rd N Ste 2 (404) 315-7857
Atlanta, GA 30324
Alfa Insurance
1600 River Park Blvd (770) 924-6900
Atlanta, GA 30303
Alfa Insurance
445 Roswell (770) 993-5775
Atlanta, GA 30303
Allstate Insurance
3833 Roswell Rd NE (404) 231-4398
Atlanta, GA 30342
Allstate Insurance
2770 Lenox Rd NE (404) 233-5650
Atlanta, GA 30324
Allstate Insurance
3401 Northside Pkwy NW (404) 233-7233
Atlanta, GA 30327
Allstate Insurance
333 Sandy Springs Cir NE (404) 256-3674
Atlanta, GA 30328
