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Coosa Valley Financial Group

415 E 2nd Ave
Rome, GA 30161-3223

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What Are The Different Types Of Auto Insurance Coverage?

Auto insurance is something that every driver in the United States is required to have. But when choosing a policy, most people don’t know where to start.

There are so many types of auto insurance coverage available that it can be confusing to figure out what you need. This blog post will discuss the different types of auto insurance coverage available and what each one covers.

1. Liability Coverage

Liability coverage is the most basic type of auto insurance coverage. It covers bodily injury and property damage you may cause to another person in an accident. This type of coverage is required in almost every state.

If you are at fault in an accident, your liability insurance will pay for the other driver’s medical bills, property damage, and other expenses related to the accident. Liability insurance will also pay for your legal fees if you are sued.

2. Collision Coverage

Collision coverage is optional in most states, including Rome, GA, but it’s a good idea if you own a newer or more expensive vehicle. Collision coverage pays for damage to your car if you’re involved in an accident.

If you have collision coverage and are at fault in an accident, your insurance company will pay to repair or replace your vehicle. If you are not at fault, your insurance company will still pay to repair or replace your car, but they will also seek reimbursement from the other driver’s insurance company.

3. Comprehensive Coverage

Comprehensive coverage is also optional in most states, but it’s a good idea if you own a newer or more expensive vehicle. Comprehensive coverage from reputable agencies such as Coosa Valley Financial Group pays for damage to your vehicle that’s not caused by an accident. This includes damage from weather, theft, vandalism, and animals.

Types of Auto Insurance: A Guide

There are many different types of auto insurance coverage available. The coverage you need will depend on your vehicle, driving record, and budget.

If you are looking for Rome, GA auto insurance, Coosa Valley Financial Group can help. We offer a wide range of auto insurance options and can tailor a policy to meet your needs.

Life Insurance Helps Protect What You Value

For anyone looking for life insurance in the Rome, GA area, Coosa Valley Financial Group is here to help. With the right policy, you can get protection for the things in life that you value. You want to ensure your family is covered if something happens to you, so they have less to worry about. But you can only give them the right level of protection if you get a policy that meets their meets for the future. Working with a knowledgeable agent can help you do that more easily.

A trusted insurance agent can give you great information about the kinds of life policies that are offered. By asking questions and giving you information, they can help you decide how much coverage you need and the type of policy that will be best for you and your loved ones. Both of those issues are very important, and you don’t want to choose something random and hope it works for you when selecting such important coverage.

No one wants to think about what would happen to their family if they passed away, but it’s an important consideration. There are logistics to think about and plans you’ll want to put into place. With that in mind, talking to an insurance agent is the first step toward finding out what options you have and what decisions you need to make regarding term life or a whole life policy. Then you can make the right decision and have more peace of mind.

Reach out to us today at Coosa Valley Financial Group if you’re in the Rome, GA area and in need of a life insurance policy. We can help you find the right coverage to protect your family and meet your needs.

4 Ways Umbrella Insurance Provides Peace of Mind

If you live in the Rome, GA area and need information on umbrella insurance, Coosa Valley Financial Group can help. We understand that it’s very important to have the right type and amount of coverage. Without both of those areas being covered, you might find that you don’t feel as secure as you could. But getting peace of mind can be much easier when you choose an umbrella policy and have the level of coverage you feel good about. 

4 Ways Umbrella Insurance Provides Peace of Mind

1. An umbrella policy adds additional asset protection: You have policy limits on your home and auto coverage, that can only increase to a certain level. But an umbrella policy goes beyond that.

2. More coverage can mean more freedom to live life: When you have strong insurance coverage you can take more risks and have more experiences, knowing that your assets will be protected.

3. Umbrella coverage can protect an entire family: In many cases, the umbrella protection you have will extend to everyone in the household. That adds more security and comfort to everyone you love and care about.

4. Adding more coverage with an umbrella policy is easy in most cases: It can often be much more effective to get an umbrella policy instead of increasing the limits on the other policies you have for your home and auto.

To get umbrella insurance in the Rome, GA area, reach out to Coosa Valley Financial Group today. We’re here to help make sure you’re getting security, peace of mind, and the kind of protection you and your family deserve. With proper umbrella coverage, you can worry less and spend more time focused on the things you enjoy. Reach out to us today, and let us help you find the right umbrella policy for your needs.

4 Areas Covered by RV Insurance

Undertaking a road trip with an RV is a breathtaking experience. Unfortunately, RV owners in Rome, GA can bump into unanticipated eventualities on the road. In light of this, anyone possessing a recreational vehicle should comprehend the importance of acquiring RV insurance from Coosa Valley Financial Group. When you buy RV insurance, here are the four key areas covered by this coverage:

Personal belongings

Since you use your RV as a home, it’s not uncommon to have several assets in your vehicle. RV insurance covers damages and loss to your belongings, easing your financial burden.

Liability protection

When you are legally responsible for the injuries and property damage you inflict on others through an accident, it can easily mess up your finances. Fortunately, if you have liability insurance in your RV policy plan, it comes to your rescue by covering third-party-related costs.

It covers the RV’s physical damage.

RVs are very costly to purchase and sometimes cost as much as your apartment. Purchasing comprehensive or collision policies from Coosa Valley Financial Group for your RV repairs or restoring your RV after physical damage lessens your financial burden.

Covers medical expenses

Including medical payments (MedPay) coverage in your RV insurance assists you in settling medical costs for you and your passengers for bodily injuries suffered after an auto accident. Since medical bills can be costly, RV insurance helps take care of your health even when you don’t have cash.

RV insurance to the rescue

Are you seeking RV insurance in Rome, GA? Don’t hesitate to contact Coosa Valley Financial Group insurance. We offer affordable and customized RV insurance that meets your lifestyle, budget, and other needs. Please call or visit us today, and you won’t regret it.

 

I Am a Renter, Not a Homeowner. Do I Still Need Insurance?

It’s a common misconception that only homeowners need insurance. In fact, renters need coverage too in case of theft, fire, or other disasters. Here’s what you need to know.

Do You Really Need Renters Insurance?

The answer to that is a resounding yes! Renters insurance is just what it sounds like: insurance to help you and your stuff in case of theft and disasters.

When you rent a home or apartment, your landlord usually has an insurance policy that covers the unit’s structure (walls, floors, roofing) but not any of your possessions. Even if you don’t own much, there’s still a lot of stuff to lose in the event of a fire or other catastrophe.

What Renters Insurance Covers

What renters insurance covers varies by policy but generally falls into three categories: personal property, liability, and additional living expenses.

Personal Property Coverage

This coverage reimburses you for your loss of personal belongings due to theft or damage. For example, say your TV was stolen from your apartment. You would be able to file a claim with your renter’s insurance company to be reimbursed for the value of the TV.

Liability Coverage

This coverage protects you if someone is injured at your residence and decides to file a claim against you. It also covers any legal fees associated with such a claim.

Additional Living Expenses Coverage

This reimbursement helps cover your additional living expenses when your place is being repaired after a covered loss (e.g., fire, water damage). This added coverage can help lessen the financial burden in cases where there is extensive damage.

Need Insurance in Rome, GA?

Renters insurance is vital for protecting your personal belongings and finances in the event of a covered loss. Coosa Valley Financial Group can help you find the renter’s insurance plan that is right for you and that fits into your budget. Call us today to learn more.

What Is Motorcycle Insurance?

Have you recently purchased a motorcycle and wondered about insurance? The Coosa Valley Financial Group serving Rome, GA would like to tell you just what motorcycle insurance is.

Motorcycle insurance is simply a type of auto insurance tailored specifically for motorcycles. There are two main categories of motorcycle insurance. One category is a liability, and the other category is physical damage insurance. Sufficient liability insurance is essential in GA because it is a tort state, meaning the driver at fault will be held responsible, which is often very expensive.

Motorcycles, unlike mopeds, are not exempt from mandatory auto insurance. Therefore, whether you own or lease the bike, you will be required to carry two specific types of liability insurance. These insurance policies are bodily injury liability insurance and physical damage liability insurance. They mitigate the expenses incurred when you are at fault for an accident or collision that may have caused someone bodily injury or damaged their property. Motorcyclists are required to carry proof of insurance with them.

A motorcycle can be a valuable asset. There is comprehensive, and collision motorcycle insurance for if you are involved in an accident, and your motorcycle needs repairs (collision), or your motorcycle is stolen or deliberately damaged (comprehensive).

If you are an automobile owner, adding your motorcycle to your standard auto insurance policy or specifying a separate policy is worth considering. 

A motorcycle is a vehicle made to be enjoyed, so if you want to or have purchased a bike, then contact the Coosa Valley Financial Group serving Rome, GA today! Allow them to help you weigh up your motorcycle insurance options, put your mandatory insurance policies in place, and then you can drive away to enjoy the freedom you deserve!

5 Reasons you should Invest in Life Insurance

Death is an inevitable natural occurrence that can strike anytime and anywhere. Such uncertainties warrant a solidified strategy to plan your future finances. Is there a better way of securing the things that matter in life than life insurance? Procuring life insurance from Coosa Valley Financial Group in Rome, GA prevents your family and dependents from facing financial difficulties when you pass away. And that’s not all. There are numerous reasons to invest in life insurance. Let’s explore.

Life insurance death benefits are tax-free

If your unexpected demise strikes when your life coverage is active, the insurer gives your beneficiaries lump-sum death benefits. Therefore, these death benefits are exempted from taxation, and your heirs don’t have to report them when filing their returns.

Life insurance can supplement one’s retirement benefits

If you buy a whole or universal policy from Coosa Valley Financial Group, it accumulates cash value that you can use to supplement your retirement income.

To pay for final expenses

Organizing a funeral isn’t cheap. If you haven’t left any savings to meet your funeral expenses, it can burden those you leave behind. That said, life insurance can help lessen the burden of fulfilling your last wishes.

Safeguarding your beneficiaries

The sole aim of buying life insurance is not to your advantage but to your family’s financial shield. How many people depend on your financial support for their livelihood? If so, life insurance from Coosa Valley Financial Group is a vital tool to restore your income if you die. This consideration is essential for parents of young children or adults who would find it challenging to withstand their living standards if they no longer have access to the income provided by their sole winner.

To cater to debts and other impending expenses

When you die, your debts won’t disappear. Well, your federal student loan can be discharged, but private student loans, mortgages, and car loans will be passed on to your cosigners. As such, you need life insurance to clear your debts when you pass away.

Did you know that you can donate more in your demise than when you are living? Life insurance cushions your heirs, business, and charity organization after your death. Please call or visit Coosa Valley Financial Group in Rome, GA to get life insurance that suits your needs and budget.

Do I need to get motorcycle insurance in Georgia?

People that are in the Rome, GA area are going to find that owning a motorcycle in this area is a good idea. With warm weather most of the year, it is a practical, fun, and efficient way to get around the community. If you are looking for a motorcycle, you also need to choose a new insurance plan. You should get motorcycle insurance for several reasons. 

Comply with Obligations for Insurance

A good reason to have motorcycle insurance in this part of Georgia is so you can comply with any insurance obligations. Those who choose to own and operate a motorcycle are likely going to have various insurance requirements. Any motorist on the road will be required to maintain liability coverage and those that have a loan secured by the motorcycle will need to comply with lender requirements. 

Receive Valuable Protection

While it is important that you strive to comply with any requirements for your motorcycle insurance, you also will want this coverage as it will provide you with great protection. With motorcycle insurance, you are going to have access to collision and comprehensive support that will provide you with reimbursement for many forms of loss including theft or accident damage. With this coverage, you also can receive liability support that will provide you with support if you are liable in an accident.

Getting the right motorcycle insurance plan is always important for those in the Rome, GA area. When you are looking for protection here, calling the Coosa Valley Financial Group can be a great idea. There are a lot of choices to make when looking for coverage and the Coosa Valley Financial Group can help. This team will offer any support you need to evaluate your options and build a new plan. 

Life Insurance Options to Choose From

There are many reasons to have a life insurance policy in place. While no one wants to think about passing away, living with a great sense of peace of mind and knowing that your loved ones are protected financially in the event of your death is very important. There are many different types of life insurance policies and the insurance agents at the Coosa Valley Financial Group in Rome, GA, and the different options that you can choose from for your life insurance policy.

Types of Life Insurance Policies

While there are many different life insurance policies available, there are three types that are the most common policies for people to obtain.

Universal Life Insurance

This type of policy is a very popular option because it comes with an investment-type savings account piece to it. It is also a permanent life insurance policy which is important to a lot of people. You can borrow from this policy while you’re still alive to pay off debts, such as your home mortgage and credit cards before you pass away. This will provide you and your family a sense of relief in knowing those bills will not have to be dealt with in the event of your death.

Term Life Insurance

A term life insurance policy is only paid out if you pass away during the term that the life insurance policy is in place. You can sign up for a term of one year to 30 years or more but once the term expires, you have to renew the policy to start a new term and it could be at a much higher premium. You cannot borrow money from this type of policy like you can with universal life insurance.

Whole Life Insurance

A whole life insurance policy is referred to as a permanent insurance policy and will pay a death benefit to your loved ones when you pass away. There are three major types of whole life insurance that include variable universal life, universal life, and traditional whole life for you to choose from with the help of an experienced life insurance agent.

To get your life insurance policy starting, contact the experienced and knowledgeable agents at the Coosa Valley Financial Group in Rome, GA for an appointment today!

Commercial insurance FAQs

Given how risky it is to own a business, you would think that every business would have commercial insurance. Unfortunately, that isn’t true. About 40% of businesses don’t have commercial insurance. When a business is hit by a peril, it stands a good chance of not surviving if it doesn’t have commercial insurance. At Coosa Valley Financial Group in Rome, GA, we are independent insurance agents who work for our customers to find the right coverage for their business. 

Can my commercial insurance be customized?

Yes, commercial insurance policies are individually customized for individual businesses so that you pay for the types of coverage you need and don’t pay for things that won’t benefit your business. We sit down with our clients to come up with a policy that is effective and affordable. We have access to some of the best carriers in the business, which give our clients the best choices. 

If I rent my business location, do I need commercial property insurance?

Yes, commercial property insurance covers a lot more than just the physical building. It covers your tools, machinery, office equipment, raw materials, and inventory. It protects all the things you need to conduct business. It can be a business saver.

What commercial insurance do I have to have in Georgia?

In Georgia, you are required to carry two types of commercial insurance; workers’ compensation, and commercial auto insurance. All businesses with three or more full or part-time employees must provide workers’ compensation coverage. If your business owns a vehicle, you must carry 25/50/25. That is $25,000for one person hurt in an accident caused by your business vehicle with a total for an entire accident of $50,000 for injuries. You also must have $25,000 in property damage coverage. 

In Rome, GA, you can count on Coosa Valley Financial Group for all your commercial insurance needs.