Georgia Homeowners Insurance



It is very important that you pay Georgia homeowners insurance if you live in the Peach State. In fact, lenders typically require borrowers to pay insurance after taking a mortgage loan. If you take out a FHA loan, you will pay mortgage insurance premiums (MIP) and for a conventional loan, you will pay private mortgage insurance (PMI). But you can avoid those two by putting more down payment, at least 20% down. Want to know if and when it is ideal to avoid paying insurance? We have handy tips for Georgia homeowners. Contact us today and learn more.

While avoiding mortgage insurance is an option, you shouldn’t own a home in Georgia without homeowners insurance. At the very least protect it against significant damage caused by fire, vandalism or bad weather. It might seem small but that kind of protection will help you a lot. If the risk happens, you will get financial compensation. That will help you recover from the loss quickly and without hassle. Ultimately, you will always have peace of mind knowing that you have protection against loss.

The average cost of homeowner’s insurance in Georgia is $1,060 per year. That is slightly more than the national average of $964. There’s a good reason for that. A bulk of Georgia’s home insurance claims comes from damaged structures (especially roofs) due to bad weather. The past few years have seen an increase in devastating weather events. The problem is Georgia doesn’t have legislation requiring roofers to be licensed. So insurers have to charge slightly more than other states to shield themselves from risks caused by poor workmanship on the part of roofers. The good news is you can actually get a great roofer in Georgia and negotiate your mortgage insurance premiums. Moreira Team can help you do that. Give us a call or send us an email and we will get back to you promptly.



Georgia City Mortgage Service Areas