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Coosa Valley Financial Group

415 E 2nd Ave
Rome, GA 30161-3223

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Why Should Retired People Have Life Insurance?

Residents of Rome, GA are not required to obtain a life insurance policy by law, though many choose to do so as part of their financial portfolio. This is often done after retirement. 

It is often the case that people retire while not yet having paid off all their debts, and they worry about the payments that will be left behind for loved ones. These can include credit card balances and mortgages on homes. 

For the duration of your employment history, it is likely your employer paid for indemnification, and now that you are retired, you must consider whether it’s a good investment. 

Loved ones, like spouses, may also be retired, living on fixed incomes, or have limited means. Some are parents who remain taking care of adult children with disabilities and buy life insurance as a means to provide for them. 

In addition to any existing bills, you may wish to alleviate the need for survivors to pay out of pocket for the expense of burial or estate taxes. Your Coosa Valley Financial Group representative can answer any questions you may have regarding details specific to your coverage. 

Student loan debt is another class of financial obligation that can be paid off with a death benefit, as are medical bills that are left over. Some retirees don’t have an ample nest egg in savings, and life insurance is one way to ensure descendants have a home and some money to live on. 

We Can Help

Coosa Valley Financial Group takes great pride in serving the Rome, GA area, and we look forward to working with you. Please contact us by calling, visiting us online, or stopping by the office. 

Do I need commercial insurance if I work from home?

With so many people working from home, you might wonder if you still need commercial insurance. After all, your business activities take place in your home in Rome, GA, not in a commercial space. However, there are a few questions that Coosa Valley Financial Group recommends considering.

First, consider the type of business you’re running. If you have customers or clients who come to your home for meetings or to pick up products, you’ll want to ensure you’re covered in case of an accident on your property.

You’ll also want to consider whether or not you have employees. Even if they don’t work in your home, they may still be considered "employees" for insurance purposes. If that’s the case, you’ll need to ensure you have workers’ compensation insurance to protect yourself in case of an injury.

Another thing to consider is whether or not your home-based business is growing. You may eventually need to move into a commercial space if it is. If that happens, you’ll want to ensure you have the right coverage in place from the start. Most commercial property managers require that you have commercial insurance as part of your lease.

There’s no one-size-fits-all answer regarding whether or not you need commercial insurance if you work from home in Rome, GA. It depends on factors such as the type of business you’re running and whether or not you have employees. However, it’s always better to err on the side of caution and maintain a policy even if you think you might not need it. If you need more information or have questions, contact Coosa Valley Financial Group. We’re here for you.

What To Look For in a Good Boat Insurance Policy

Owning a boat is a lot of fun. It’s a great way to spend time with family and friends, relax on the water, and enjoy the outdoors. But there’s one thing you need to remember when you’re out on your boat: accidents can happen. That’s why it’s crucial to have a good boat insurance policy in place. Here are a few things to look for when shopping for boat insurance.

1. Covered Perils

When looking at boat insurance policies, find one that covers the most common perils. These typically include things like fire, theft, and weather damage. Some policies will also cover you if your boat is involved in an accident. The more perils a policy covers, the better.

2. Coverage Limits

It’s also important to ensure that your policy has adequate coverage limits. This means that it should cover the full value of your boat. Otherwise, you could be left with a large bill if your boat is damaged or destroyed. Read the policy carefully to understand what is and isn’t covered.

3. Deductibles

Most insurance policies come with a deductible, the amount you must pay before the insurance company starts paying out. When you’re looking at boat insurance policies, make sure to compare the deductibles.

4. Claims Process

If you ever need to make a claim on your boat insurance policy, you’ll want to ensure that the process is as smooth and easy as possible. Find out how to file a claim and what information you’ll need to provide. The last thing you want is to be stuck dealing with a complicated claims process in the middle of a boat emergency.

Get Boat Insurance in Rome, GA

By keeping these things in mind, you can be sure to find a boat insurance policy that’s right for you. Coosa Valley Financial Group can help you find the perfect policy for your needs. Give us a call today to get started.

Why All Homeowners Need Home Insurance

If you are a homeowner, you know just how many responsibilities you have. One of these is to get a home insurance policy as soon as you buy your home and keep it for as long as you own it. Call us at Coosa Valley Financial Group to get started if you need a home insurance policy in Rome, GA. 

House Protection

When you own a home, the house generally represents your most significant investment and may be most of your wealth. If you don’t have home insurance, the house is not protected in case of a severe event. A home insurance policy gives the house coverage in case an event damages it. This may be certain accidents or disasters that cause damage to it. When you have home insurance, it will pay for the expensive repair work that you will need. 

Property Protection

Another form of protection you get from this policy is coverage for your belongings in your home. All these are extremely expensive when you add them all together, representing a significant investment. If a damaging event happened that destroyed your things or otherwise made them unusable, your home insurance could help you to replace them. With this coverage, you won’t have to start again without anything after a significant incident occurs. 

Liability Protection

Also covered by home insurance is your liability. When you have your liability covered, your home policy can pay for the medical bills that result from someone having an accident in your house. This can save you thousands and keep you from being sued. 

Get Your Home Policy

Never go without a home policy to protect yourself, your belongings, and your home. Call us at Coosa Valley Financial Group when you need a policy in Rome, GA.

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!