What is Homeowners Insurance?

Homeowners insurance is a specific type of insurance that covers damage to your property and home, and maybe any belongings you have in the home as well. Certain homeowners insurance coverage may even cover the cost of living if your home needs to be repaired, or may even cover bodily injury.

Is Homeowner’s Insurance Required in Georgia?

By law, Georgia does not require homeowners insurance, but in most cases your lender may require it before lending you money to buy your home. Although not required by law, having homeowners insurance is never a bad idea, especially given the diverse landscape of Georgia. Parts of Georgia are subject to hurricanes, floods and even tornadoes. Protecting your investment is essential and in Georgia it’s a small price to pay for peace of mind.

How Much does Homeowner’s Insurance Cost in Georgia?

Homeowners insurance price can vary in Georgia. Depending on your location, coverage and the company you choose can all be factors for what you will pay. On average, homeowners insurance is around $2,200 per year. It can be as low as $1,800 and as high as $2,900 depending on the factors mentioned above.

With so many insurance providers offering homeowners insurance; it is important to do some research and policy comparison. If you have any doubts, questions, or just don’t have time to review these complicated terms and conditions, Moreira Team help can help collect all the homeowners insurance quotes in Georgia you need, and review your options with you.

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