When you own a home or are preparing to buy one, you’ll need to purchase homeowner’s insurance. First-time homeowners or homeowners making changes to their homes often have questions about their insurance policies. If you live near Macon, GA, and want to discuss your home insurance options, our O’Mahony Insurance Agency LLC team welcomes your insurance questions. We’ve been working with clients in your area since 1999.
How to Evaluate Your Homeowner’s Policy Before a Disaster Hits
Homeowner’s insurance protects your investment in your home and will cover losses in case of damages. We at O’Mahony encourage you to safeguard your investment in your home by purchasing insurance. Additionally, there are precautions you can take to ensure you will receive an appropriate payout if a disaster damages your home. According to the Office of the Commissioner of Safety and Fire, protecting your home begins with an inventory of the assets inside your home.
According to the Commissioner of Safety and Fire, the amount of home insurance you need should be based on potential rebuilding or recovery costs – not on the market value determined by local tax appraisers. Be aware of possible coinsurance costs; if you purchase insurance for your home that was worth less than 80% of your home’s potential value, the payout you will receive will be less than 100% of what it will cost to rebuild it. Discussing these options with one of our agents will help you to understand their implications.
Whether you need homeowner insurance or wonder if your current policy needs to be changed, our team at O’Mahony Insurance Agency LLC looks forward to reviewing our wide range of insurance options with you. Although Georgia does not require its residents to have homeowners’ insurance, it is highly recommended to protect your investment. Residents of Macon, GA, can feel confident when placing their insurance needs in our hands.
