Blue Ridge, GA refers to itself as “Georgia’s Coolest town” and no one can question that it is a great place to call home. Sadly, even in the coolest place, things happen that can damage your home. It is not something that anyone likes to think about but it is a reality. Filing a claim is not something anyone looks forward to but there are some things that can make it less of a hassle. A home inventory is one of those things. The Insurance Mart wants to make sure that you understand that they are there for you through all the times of your life.
A home inventory is a record of all of your possessions. In some cases that may be very minimal but more likely, you have lots of things that you own and may only use seasonally or rarely and that you never think about. There are several different ways that you can go about creating an inventory. The more traditional approach is to use paper and pen to write down the items that are in each room. This can be supplemented with photos to add additional verification. Don’t forget closets, the basement, and attic.
If you are able to do the inventory digitally that is another option. No matter which way you opt to create your inventory you need to make it as detailed as possible and also include as much backup info as possible in the form of invoices or receipts. Once your inventory is complete it should be stored in a safe place like a safety deposit box or possibly in the cloud. You want it to be easily accessible if the need arises.
When you are ready to talk about your home insurance, The Insurance Mart in Blue Ridge, GA is there to discuss your needs with you. Stop by the office or give us a call for a no-obligation quote.
You may live in Blue Ridge, GA and have a secondary residence there too, or your second home may be somewhere else. Regardless, if you don’t spend much time at the second house, you may be thinking about making extra money by renting it out.
Renting out your primary home– short term or a regular thing?
When you think about what kind of insurance to buy for your main property, you need to consider whether you want to make it a regular thing or if you are just doing this as something special.
You may be able to just add onto your existing policy if this is a rare occasion, but otherwise, you will need to talk with The Insurance Mart about business insurance, because regular homeowners insurance doesn’t cover what happens when you are operating as a business.
The same principle applies when you are using your second home as a regular rental. To protect your property, you will need to make sure you have landlord insurance. It will not only protect your physical property, but it will also give you important liability protection for when your renters and their guests are on your property.
You may want to make sure your tenants also know they need to get renters insurance to protect their personal belongings. You can make that a condition of the lease.
If you live in or around Blue Ridge, GA, we can help you figure out what kind of insurance coverage you need based on your plans. If you are interested in purchasing a policy or if you just have questions, feel free to call The Insurance Mart today.
Are You Referring To My Shed Out Back?
Good try – but no, your shed, detached garage or storage building is generally part of your homeowner’s insurance policy proper.
So, what exactly is secondary dwelling insurance? It could be your shed, detached garage or storage building however, now it is being reformatted for use as a dwelling. That means you have decided to convert this space for habitation. The structure can be attached to the home or detached. The stipulation is that the dwelling is on the same lot of property as the primary dwelling.
Secondary dwelling insurance is in order because you may incur additional liabilities while this dwelling is being constructed. This additional portion or your separate dwelling space has a new date of establishment which differs from your primary dwelling. The age difference is only one major factor. The other factors involved are variable and should be discussed with a professional. It is separate from your homeowner’s insurance policy because that has been in place and the size has been pre-determined. This new dwelling will fall under the secondary dwelling insurance policy. Speak with an agent who will be able to direct you appropriately.
Serving Blue Ridge, GA as well as the entire states of Georgia, Tennessee and North Carolina, The Insurance Mart wants your insurance experience to go well. We want it to be similar to when you visit a mart and you can acquire all of the things you need in one place. In Blue Ridge, GA, the agents and professional staffers of The Insurance Mart want you to do just that. We can also assist with your: Personal Auto, home, commercial, recreational, rental, life and health insurance needs. Call us today at 706-550-6444. We’re waiting to shake your hand and earn your respect.
Your homeowner’s insurance policy covers everything in your home, right? Well, maybe not. It’s always best to look at your own policy, so talk to an insurance agent at The Insurance Mart near Blue Ridge, GA to determine your coverage, but in general, your valuables are not fully covered by your homeowner’s insurance policy.
What is Covered?
All policies are different, but most home insurance policies cover damage to your home, garage, or other buildings, such as a shed. They also cover items inside your home, such as furniture and clothing. For jewelry, paintings, and other valuables, most policies only cover these items up to a certain amount, and there is often a single item amount as well as a group amount.
How Does This Work?
We’ll look at jewelry as an example. Your policy may cover the overall category of jewelry up to $4,000, and any given single piece up to $2,000. This means if your jewelry is stolen, the maximum amount that you will get compensated for is $4,000, even if $10,000 worth of jewelry was stolen. Similarly, if you have a single piece of jewelry worth $3,000, that piece is only covered up to $2,000. If you have a lot of valuable items in your home, this may leave you in a bind should something ever happen.
How Do I Get More Coverage?
Take stock of your valuable items in your home near Blue Ridge, GA to determine if you have a lot of special items that may need additional coverage. An insurance agent at The Insurance Mart can help you figure out if you need extra coverage, and they can set you up with a policy if you don’t already have one in place. We want to make sure you’re covered no matter what life throws at you!
There are many historic properties in Georgia. Most are listed in the National Register of Historic Places. Insuring a home that is of historical significance is somewhat challenging because if the home gets damaged, simple repairs are not sufficient. To maintain the historic designation, a damaged historic home must be restored to the exact condition before the damage occurred, using the same type of materials that were originally used.
The trouble is that restoration, when compared to repairs, is much more expensive and materials of the proper kind may be very difficult to find. For this reason, a historic home needs to be insured for the restoration value, not just the replacement value.
Usually, the insurance company will send out an appraiser who has the skill and experience in estimating the restoration costs. The appraiser should note any special characteristics of the home and if it includes any antiques, in order to make a good estimate of the insurance coverage needed.
It is important to work with your agent at The Insurance Mart in Blue Ridge, GA in order to take the proper steps to get the appraiser to visit the home. Antiques and artwork in the home are likely to need a separate insurance policy if they have significant value.
Restorations and Upgrades
If the home needs restoration when you buy it, the insurance needs to be upgraded at regular intervals. As the restoration progresses the value of the home increases. It is a good idea to install modern safety features, such as smoke alarms if any restoration is begin made. These do not detract from the historic value and add more protection for fire risk, which may positively impact insurance premiums.
Owning a historic home conveys a great sense of pride in ownership. Contact your agent at The Insurance Mart, serving Blue Ridge, GA and the surrounding area, when considering buying a historic home to be sure that the insurance coverage is adequate for your needs.
The purchase of a house is generally the largest investment of anyone’s life. And the home in which your family lives must be protected. Avoiding risk and selecting an appropriate amount of insurance coverage best accomplishes this. For homes in and around the Blue Ridge, GA area, the insurance professionals at The Insurance Mart are ready to help homeowner’s with their insurance needs, including guidance regarding the three valuation methods that can be used to safely estimate the value of the items to be covered by their homeowner’s policy.
Replacement Cost is the actual cost to buy the necessary materials and fund the labor costs to restore the property to its undamaged status. It is noted that homeowner’s insurance policies are written with a maximum provision that limits the policy’s payout, to protect the insurer from dramatic market fluctuations.
Actual Cash Value
Actual Cash Value can be simply calculated by subtracting the depreciated value from the item’s replacement cost. An Actual Cash Value policy will have a lower payout than the Replacement Cost, however, they are not written with maximum payout provisions.
The Market Value of a home is the indicated value of a home on the open market if a similar match could even be found. It might appear that the Market Value approach is the fairest method however, the American Insurance Association cautions homeowners to opt out of this method. Market Value includes the cost of land, which would have no need to be rebuilt.
Before deciding upon which valuation method to use for your home’s insurance coverage in and around Blue Ridge, GA, reach out to a licensed agent at The Insurance Mart to allow them to assist in the entire insurance process.
Everyone knows that having homeowners’ insurance is a must year round, but did you know that you should have your insurance to extend liability coverage to your vacation or rental property? It is important to protect yourself because the likelihood of a covered event is increased with secondary homes.
When you purchase or rent a second home or vacation home, you should also have your primary home insurance to extend liability insurance to cover that residence year round. There could be a covered event when you are away, so you should ensure you are protected if that incident occurs. Determine the cost of the property and any contents and select the next dollar value offered to adequately cover the replacement cost of the property. Some people may feel that you should only have insurance for a portion of the year when the home is in use, but that is not the case and should be avoided.
Adding A Second Home
If you purchase or rent a second home, make sure you talk to your insurance agent and let them help you work out the specifics of your policy. If you wish to purchases additional umbrellas coverage you may want to consider doing so. Ask about addition Personal Umbrella Protection or PUP, that can go up to $1 million in coverage. For more information about second home insurance, call or stop by Blue Ridge, GA, The Insurance Mart and let our agents help you decide what type of protection is right for your second home.
Don’t leave your second residence vulnerable. Get the coverage you need year round with additional second home insurance from Blue Ridge, GA, The Insurance Mart and have peace of mind knowing you can enjoy your second home when you are ready to get away.
If you’re planning to stay home for summer vacation this year, why not make your home the best vacation spot it can be? With a little ingenuity and advanced planning, your Blue Ridge, GA home can become a stay-cation hotspot. Here are a few ideas to help you get started.
Establish Entertainment Zones
Establish entertainment zones where you can relax and enjoy each other’s company. These areas could be both in and outside the property. Your outdoor patio could be transformed into an exotic cafe with relaxing lounge chairs, mini-bar, colorful pillows, beautiful plants and subdued lighting to set a tranquil and relaxing mood.
Convert your living room into a comfy, cozy niche where you and the kids can gather for games, snacks or video watching. Invite family and friends to share in the fun.
Maximize your landscaping so you can enjoy your natural surroundings. A well-trimmed lawn and attractive garden will give you greater incentive to spend time outdoors. Cutting back low branches on trees and clearing out unsightly debris gives you more space for outdoor play. For a romantic touch, create an attractive walkway that winds around your property so you and your spouse can enjoy relaxing strolls in the moonlight after the kids are in bed.
Stock Up on Succulent Foods
Food can make or break a vacation so feel free to splurge on exotic foods and experiment with different recipes when staying home. Better yet, order out from restaurants you’ve never tried before along with old time favorites everyone enjoys.
Whether you’re coming or going for the summer, don’t forget to keep up with your home insurance coverage. At The Insurance Mart, Blue Ridge, GA, we can help you choose an insurance policy suited to your needs. For information on home insurance options and costs, contact us at The Insurance Mart.
Mortgage lenders generally require homeowners to carry an insurance policy to protect the bank’s interest in the event of a loss. Although the State of Georgia doesn’t force you to buy a homeowners policy, it definitely provides a sense of security. But many policies don’t automatically cover natural disasters. At theThe Insurance Mart, our professionals are here to help people in the Blue Ridge, GA community with a policy that meets your unique circumstances. We’re available to answer questions and will work with you to create or update a policy to reflect those coverage needs.
Although it’s been a while since the area suffered a flood, but Mother Nature can produce downpours that swell local waters and exceeds their banks.
Many homeowners are unaware that standard policies may not include losses due to flooding. In extreme cases, a home could be washed away. In less dramatic cases, rising waters can damage your home and require expensive remediation. If dangerous molds take root, you could be looking at major cleanup work.
The good people of Georgia have become too familiar with the devastating force of tornados. These whirlwinds have ripped through communities and left many with badly damaged or destroyed homes. While most homeowners policies cover damage by wind-related storms, you may find yourself underinsured if a total loss occurs. Consider the cost of replacing your property. Today’s construction costs hover at about $150 per square foot. Even though you may be covered for losses due to extreme weather, you may need to revisit that policy to ensure it meets current building costs.
At the The Insurance Mart, we’re pleased to serve the people of Blue Ridge, GA. Our insurance professionals are available to help you with a homeowners policy that provides you and your loved ones with secure coverage.
As the country approaches the end of hurricane season, the east coast did not escape unscathed. Hurricane Matthew recently left a swatch of destruction from Haiti through the Bahamas, Florida, Georgia, and the Carolinas. Residents of Blue Ridge, GA need to make sure their homes are protected from natural disasters such as hurricanes. Do typical home insurance policies cover hurricane damage? Is there any additional protection that is needed? The Insurance Mart has the important answers below.
Hurricanes typically cause their damage in two different ways. The first of this is high winds. Hurricanes have sustained winds of at least 75 MPH and can reach wind speeds of 200 MPH. These winds are strong enough to completely rip a home off of its foundation and cause a total loss. Residents will be happy to know that most home insurance policies cover damage due to high winds. On the other hand, make sure that the policy completes covers wind damage and make sure the policy also covers personal belongings inside the home in addition to the structure. Hurricanes can sweep away items inside the home. Unfortunately, most home insurance policies do not cover damage due to water. Another element of hurricanes, storm surges can bring catastrophic flooding to homes in its path. These waters can sweep away homes or at the very least cause substantial damage to the structure and the items inside the home. Residents should look into purchasing additional flood insurance coverage to protect against the potential for major damage caused by floods. Furthermore, if the roof is ripped off of a home water has a second path into the home. Ensure that additional coverage is supplied for flood damage.
When it comes to the potential destruction a hurricane can bring, make sure the home is protected from all of the damage this storm can cause. Contact The Insurance Mart today for help protecting a home against hurricanes in Blue Ridge, GA.