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Coosa Valley Financial Group

103 Redmond Road
Rome, GA 30165

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Are There Home Insurance Policies for Pet-Related Damages?

Owning pets in Rome, GA and the surrounding areas can be both fun and exacerbating. The beautiful weather of the area often inspires pets to get a little wild and damage your home. That’s why we at Coosa Valley Financial Group have to field so many questions about pets and home insurance policies from exasperated pet owners like you.

Pet-Damage Policies Don’t Exist

The unfortunate truth is that policies that cover pet damage don’t exist. Insurance providers consider owning a pet as a privilege and believe that owners take on certain risks when buying cats or dogs. One of those risks is damage to your home. Therefore, they do not pay for that type of damage but will pay if you have liability insurance and they damage another home.

Policies May Cover Injuries

If you have a friend or family member over and your pet bites or scratches them, your homeowner’s liability insurance will cover their health bills. Ironically, they will not cover your personal injuries if the pet bites you. This exclusion is based on the same “pet ownership as a privilege” theory and will limit how much you can get.

Certain Pets May Affect Your Coverage

One frustrating element about pet ownership which you might not be prepared for is how certain pets may affect your home insurance policy. For example, potentially "dangerous" dogs like pit bulls may cause a provider to raise your rates. Not all providers follow these rules, however, so it is important to shop around and find one who is fairer.

So if you are own pets and are worried about your home insurance in Rome, GA, please contact us at Coosa Valley Financial Group. We can provide you with the help you need to find a policy that meets your unique needs in a comprehensive way.

Why Should I Purchase Boat Insurance?

Cool breeze. Warm sun. If you get this, then you must be making memories on the water. Your boat is a great investment since it helps you keep the best memories. With the right insurance coverage, you can easily float on worry-free. But why should you purchase boat insurance?

If you have questions on whether you should purchase boat insurance, then you should contact your local professional like Coosa Valley Financial Group in Rome, GA. Unlike autos, which every state requires at least a liability insurance in case of an accident that damages other people’s property, boat insurance is not a necessity in many states.

Reasons You Need to Purchase Boat Insurance

Litigation

Lawsuits are increasingly becoming part of our culture. Even family and friends can now sue you just about anything. Take an example, you take your friend out and then later you encounter a large wave that ends up slamming your friend down. Unfortunately, our friend hits a hard seat. Even if he says he is OK, later on when he finds out he sustained some injuries, he may sue you thus incurring all the medical bills.

Such lawsuits may include paying for lost time and the suffering endured in the process. In these instances, when you have a boat policy, you will be given an attorney to represent you in court. Additionally, the policy will cater for all the damages awarded to the plaintiff.

Investment Protection

If you lack a boat insurance, you risk losing all your investments whenever an accident occurs. A single strong storm has the ability to sink your boat, or even a fire in a boat close to you can set ablaze your boat. Losing your investments through such catastrophic incidences can be devastating. However, with a boat insurance policy, you will be able to keep your investments.

There are many reasons why anyone in Rome, GA should purchase a boat policy. However, if you need to consult on the matter, do not hesitate to get in touch with a professional such as Coosa Valley Financial Group.

What Teens Need to Know About Auto Insurance

Entering the world of driving is an exciting time in a teen’s life. However, beyond the excitement of the open road, there are certain things you need to be aware of so that you are not just a licensed driver, but also a safe and legal one. One of the most important aspects of driving is understanding insurance. Here is what every teen in Rome, GA needs to know about auto insurance.

You May Not Need Your Own Policy

In most states, teens will not need to worry about purchasing their own insurance policy when they first get their license. Your parents will have the option to simply add you to their policy. This is often the most affordable option considering the fact that adults get better insurance discounts than younger people.

The exception to this might be if you own your own vehicle. It is always a good idea to speak with an insurance representative in order to get all the information you need for an informed decision.

Remember the Cost for Your Parents

As a teen driver, you should keep in mind that when your parents add you to their policy, their insurance premiums will go up some. This is not something you should feel guilty about, but rather it should help you remember that driving is a privilege and also an expense that you will need to respect and prepare for in your own adult life. For this reason, you should always do your best to be a safe and legal driver so as not to endanger your parent’s insurance policy and premiums. Every ticket or accident will result in even higher premiums.

You Can Help Your Parents Out

Even though adding a teen driver will initially raise insurance rates for your parents, there are several ways you can help out. First, get good grades in school. Surprisingly, most insurance companies will offer great discounts for students who maintain good grades. Usually, a B average can result in a discount for your parents.

You can also help out by enrolling in drivers ed courses. Insurance companies want to ensure safe drivers. The better educated you are on how to drive well, the safe you are and therefore the better of a risk you are for the insurance company. Take drivers ed and do well. This can mean discounts for your family.

If you would like to learn more about how auto insurance works for teens call us at Coosa Valley Financial Group in Rome, GA today.

Boat Charter Business and Boat Insurance

When a Rome, GA boat owner charters his boat, he or she is essentially running a service business for customers, even if the boat is owned by the person providing the charter and used as a private vessel at other times. This dual situation starts to blur the lines a bit when the boat insurance used for protection is still a private boat insurance plan. Most consumer insurance policies are not intended for business use. In fact, if it turns out a damage claim is associated with a business, some providers may actually deny the claim when it doesn’t fit the terminology used for private vessel or residence coverage. To avoid this problem outright, a boat owner should really be looking at having a chartering service insurance policy in place. That type of coverage accepts that the boat is being used as a business at the time of risk, and provides appropriate coverage for related issues, including injuries and losses to passengers on board at the time.

The friendly folks at Coosa Valley Financial Group can help tremendously. They have worked with Rome, GA customers and others with similar needs, trying to make sure their charter services are covered correctly. Whether its a river ferry or a day trip motoring vacation business, chartering has its unique needs for coverage that a regular boat policy won’t meet. Coosa Valley Financial Group can help match available plans with what a charter business really needs as well as the size of business it deals with. Give them a call to find out more information and don’t find out about missing coverage the hard way.

Benefits of Umbrella Insurance

Umbrella insurance is an additional coverage on liability that is beyond your home and auto liability. The insurance policy will provide you with an extra layer of liability coverage above your home, auto, and other personal property such as boats and motorcycles. Business owners may need separate commercial umbrella coverage. Your financial future or security could be at risk in the event of a liability lawsuit resulting from an accident if you don’t have sufficient insurance coverage.

What are the benefits of umbrella insurance?

It is advisable to have an insurance policy to protect your hard-earned assets whenever accidents happen. The cost of damage in accidents involving major property damage and extensive injuries to other parties could quickly accumulate and exceed the limits of your current auto insurance. That is why you need to consider a Coosa Valley Financial Group umbrella insurance. The personal umbrella insurance policy will step in and protect you beyond the limits of your auto insurance. In addition, the umbrella policy will protect you against costly personal injury lawsuits that could destroy your financial security in the event that someone slips and falls on your property. In other words, the policy will give you financial protection by protecting your assets.

How much umbrella coverage do you need?

The umbrella policy is designed to protect you over and above the limits of your home and auto insurance policies. Think about the policy as an added protection. For example, if you get involved in a car accident in Rome CA and get sued, your auto insurance policy will only cover you to a certain amount. Hence, the umbrella insurance policy will kick in to cover you for additional amount up to the limit that you signed for on your umbrella policy.

The simplest method to know how much umbrella policy coverage you need is by adding up the total worth of all your assets, including stocks, vehicles, homes, retirement plans, and estimated future salary, and comparing the sum with the liability coverage limit of your home, boat, and auto insurance. If the value of your assets exceeds the liability limits of your other insurance policies, then you need to purchase an umbrella policy. Get a good umbrella quote today from Coosa Valley Financial Group in Rome, GA or contact us to learn more about how you can safeguard your financial security.