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Coosa Valley Financial Group

415 E 2nd Ave
Rome, GA 30161-3223

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Is having home insurance in Rome needed?

When you are in the Rome, GA area, owning a home can be a great option. There are a lot of long-term advantages that come with property ownership including having a consistent place to call home and enjoying price appreciation over the years. If you are going to purchase a home when you are here, getting the right insurance coverage is a great idea. You will need to have home insurance for a few reasons.

Coverage Needed to Protect Home

A reason to have home insurance in this area of the state is that it will cover your home. If you are going to buy a proper in this part of Georgia, you will want to know that it can last. With a home insurance plan, you will get coverage that can be used to repair your property if you incur various forms of damage. This can include protection against the risks of fire or bad weather damage. 

Insurance Typically Required

You should also get this protection as it is often required by most property owners. If you want to purchase a home, you will likely take out a mortgage to finance the purchase. Your home also may be located within a home association community. In either case, you will need to carry home insurance at all times to ensure you stay in compliance with various requirements. 

When you are in the Rome, GA area and need to protect your property, getting the right insurance is important. As you are looking for a new plan, speaking with the Coosa Valley Financial Group is a great option. The team with the Coosa Valley Financial Group can offer you a lot of support that will help you build a plan and ensure your home remains properly covered. 

Understanding Georgia Auto Insurance

People buy car insurance aiming to protect their car and themselves when accidents occur. Auto insurance lessens your financial burden when the unthinkable happens. While many people understand that auto insurance is essential, most don’t know what it covers and the different coverages available. For these reasons, Coosa Valley Financial Group located in Rome, GA, is here to help you understand more about auto insurance. 

Required auto insurance coverages in Georgia

Whether you drive a classic or a modern car in Georgia, you must purchase auto insurance. Here are the minimum coverages you should incorporate into your car insurance policy. 

  • Bodily injury liability: The Georgian Law requires drivers to carry bodily injury liability coverage with at least $25,000 per person and twice the amount per accident. This coverage protects you when you are liable for an accident that causes injuries to other road users. 
  • Property damage liability: This coverage protects you when legally responsible for causing property damage to other people in a vehicular accident. The state requires you to purchase a minimum of $25,000 per accident.
  • Uninsured motorist coverage: This coverage protects you against uncovered bodily injury and property damage caused to you by a motorist carrying zero insurance. However, while this coverage is required, you can reject it in writing. 

When you are found guilty of driving without auto insurance in Georgia, penalties include:

  • A fine of between $200 and $1,000
  • Possible jail time of up to 12 months
  • License suspension of between 60 and 90 days
  • Vehicle impoundment

While we live in difficult economic times — and meeting your day-to-day expenses might be tasking — you shouldn’t go without auto insurance as non-compliance plunges you into a deeper financial hole. 

Optional auto insurance coverages

Although purchasing state-required auto coverages is essential, most drivers consider the below additional coverages for well-rounded protection:

  • Comprehensive coverage
  • Collision coverage
  • Medical payments or Personal Injury Protection (PIP)
  • Road assistance coverage

Are you shopping for auto insurance in Rome, GA? Please look no further than Coosa Valley Financial Group. Contact us today for an affordable quote.

Types of Life Insurance Policies

Not everyone needs life insurance, but for residents of Rome, GA, buying the policy is important. Finding the right life insurance policy calls for effective guidance. At Coosa Valley Financial Group, we provide directions on the types of life insurance policies you can consider.

Term Plan Insurance Policy

In this type of insurance policy, you pay solely for life cover. The amount you pay as a premium is for a specific number of years. In return, the insurer pays the amount assured to your family when you meet an untimely death. There are no mature benefits and covers for a lesser premium.

Whole Life Insurance Policy

As the name suggests, you get cover for life with this type of life insurance. The insurer has the mandate to pay a nominee of the policyholder after you meet an untimely death. This is as long as there is the regular payment of the premium amount. There is also the saving component in this type of coverage, making it better in the long run. For residents of Rome GA, this serves as a suitable policy to consider.

Moneyback Policy

In this type, there is the incorporation of savings and protection. Unlike other policies, you receive a portion of the sum guaranteed at regular intervals during the policy period. Once matured, you get the remaining amount along with the bonus.

Endowment Policies

There is also a combination of savings and protection in endowment policies. A nominee in the case can also receive the sum assured in the case of the policyholder’s untimely death. However, the policyholder receives the total payout after surviving the policy term.  It is also easier to make goal-based savings with endowment policies.

Learning about life insurance policies comes with many benefits. As Coosa Valley Financial Group, we commit to guiding and helping you make informed decisions. Contact us today for advice and guidance.

What is the Purpose of Renter’s Insurance?

If you are currently renting or are looking to rent an apartment, house, or condo, it is important to look into finding renter’s insurance. It can be deceiving to think that if your landlord has homeowner’s insurance, that you’re covered too. But that could not be farther from the truth.

Your landlord’s insurance only covers the structure and the building itself. It does not cover all your personal belongings in the event of disaster, damage, or theft. That is why you need to seriously consider renter’s insurance if you are currently renting or looking to rent. Thankfully, here at the Rome, GA, Coosa Valley Financial Group we are here to help you.

What is covered under renter’s insurance?

Renter’s insurance protects your personal belongings and property. In the event of a theft, damage, or disaster, renter’s insurance will compensate you for your lost, stolen, or damaged possessions. Renter’s insurance also protects you from being held liable if someone is injured on the property.

If you currently rent and have renter’s insurance, it is important to look at your policy to see how much is covered. You may need to adjust your policy if it no longer adequately covers your personal possessions. At Coosa Valley Financial Group, we know how important things can be, and we want to help you find the right renter’s insurance. Because we understand that some things can never be replaced in the event of a disaster or theft, so it is important to insure them fully.

If you need renter’s insurance or an updated policy, contact Coosa Valley Financial Group, serving Rome, GA to learn more about our services and coverage options. We are happy to answer all of your insurance questions and help you find the right policy for you.

Who Needs RV Insurance in Roma, GA?

If you own an RV in or near Rome, GA, and aren’t sure if you need an insurance policy, it is good to know what options are available for your needs. Thankfully, many people benefit from this type of protection and should seriously consider ordering a policy right away.

RV Insurance is Good for Most Owners

At Coosa Valley Financial Group, we offer a handful of different RV insurance policy options that should meet your needs. Just a few people who may want to consider these policies include:

  • Regular Campers – If you plan on taking your RV out at least 1-2 months every year, it is a good idea to have a policy that pays for many issues.
  • Haulers – Even if you don’t drive your RV, you may want to insure it anyway because your truck or car policy will not pay for damages to it.
  • Full-Timers – If you’re one of those people who live in their RV year-round, you need insurance – it works as a type of home insurance.
  • Rental Companies – When you rent out RV models for use to various people, you may want to get an insurance policy to make sure that it runs properly.

Policy options for these different insurances vary, including bodily injury, property damage, uninsured driver, medical payment, collision, liability, safety equipment, physical damage, and other types of clauses that help to keep your vehicle in great shape. Roadside assistance is often included in many of these packages, as well, so choose wisely.

Do You Need a Policy?

If your Rome, GA RV needs protection and you aren’t sure where to turn for a policy, don’t hesitate to reach out to us at Coosa Valley Financial Group to learn more about this type of coverage.

Exploring 4 Important Facts About Term Life Insurance

Coosa Valley Financial Group serves the Rome, GA community, as well as the surrounding areas, by offering residents insurance coverage. We enjoy helping people find the coverage they need. We work closely with multiple carriers in the South. 

4 Important Facts About Term Life Insurance

At some point, as you head through life, you will have to start preparing for the future. While it may not be pleasant to think about, life insurance is something that you should take the time to consider. The policy will help provide comfort to your loved ones as they deal with your passing. Life can change at any moment. Life insurance will help you outline a plan if something were to happen to you. One of the more common life insurance policies is term life, where you will be covered over a specified period of time. Here is a look at some important facts regarding term life insurance.

Term Life Insurance Works As An Additional Policy

Even if you have a policy through your employer, you can still start your own individual term life policy.

Death Benefit

Term Life insurance does provide a death benefit that can assist with the costs of your funeral.

Other Benefits

Term Life policies also provide other benefits that can help you and your family. If you have children, the policy can help cover their educational pursuits in Rome, GA. It may also help your family finalize your estate. Term Life insurance can help give your family peace of mind as they cope with your passing.

Many people make the mistake of thinking life insurance is only for wealthy people with a lot of assets. This is incorrect. Life insurance provides a safety net to you and your loved ones regardless of your income.

Coosa Valley Financial Group Can Help You

Visit our website to learn more information about life insurance.

Is Motorcycle Insurance Required in Georgia?

If you ride a motorcycle in Georgia, you’re required to have liability insurance to protect others in accidents you cause. If you’re found at fault for an accident, you’re responsible to pay for damages to other drivers/riders. Liability insurance covers these costs to protect you from financial loss. Motorcycle policies from Coosa Valley Financial Group offer diverse types of coverage to keep you safe on the road. By learning more about your insurance options, you can make good insurance choices.

Motorcycle Coverage Options in Rome, GA

In addition to liability, you can obtain the following protection from a motorcycle insurance policy:

  • Collision
  • Comprehensive
  • Uninsured Motorist

Collision, comprehensive and uninsured motorist coverage aren’t required in Georgia, but they provide essential protection that can save you a substantial amount of money in repair costs.

Collision insurance covers damage to your bike due to a crash. If your costly motorcycle is stolen, comprehensive coverage compensates you for your loss. It also covers repairs to your bike if it’s damaged by severe weather, vandalism, or other non-collision causes. If you’re hit by someone with no insurance, then uninsured motorist coverage will cover your medical and property damage costs.

Tips for Buying Motorcycle Insurance in Rome, GA

When purchasing motorcycle coverage, consider the value of your motorcycle, your riding experience, and your personal lifestyle. If motorcycle road trips are the norm, you may want as much coverage as you can afford to protect you against mishaps on the road. If you only ride on occasion and locally, you may be able to get by with less coverage due to reduced risks of accidents. Personalizing your coverage gives you more accurate protection without paying for coverage you don’t need or want.

For quality motorcycle insurance coverage at affordable costs, contact Coosa Valley Financial Group today.

Do I Need Life Insurance if I’m Single?

While it may be tempting to assume that you don’t need life insurance if you are single because you don’t have a wife or kids relying on you for future financial security; however, that isn’t always the case. Although no one wants to think of passing away young, the reality is that tomorrow is never guaranteed. Consequently, no matter what stage you are at in life you need to consider what would happen if you pass away. Who would pay for your funeral? Do you have any debts that exceed your total assets? What happens if your health deteriorates and you are not able to pass a physical later in life to become eligible for life insurance? All these questions and more need to be considered when determining whether you should have a life insurance policy.

As an example, let’s say that you are the co-owner of a house in your childhood hometown with your brother. Should you pass away, your brother would be responsible for the entirety of the outstanding debt which may exceed what they are able to pay. Alternatively, having a life insurance policy means that you won’t have to burden a family member or friend with any outstanding debts because your policy can be used to pay these obligations should something happen. 

At the end of the day, we don’t know what the future holds, and having a life insurance policy sets you and your loved ones up for future success if something happens to you. At the Coosa Valley Financial Group in Rome, GA our talented and knowledgeable team of insurance professionals can help determine if a life insurance policy makes sense and find you one that exceeds all your needs without breaking the bank. Give us a call today to learn more and schedule an initial consultation with a member of our team. 

How will commercial insurance protect by Rome business?

In the Rome, GA area, there are a lot of great advantages and benefits that come when open and start your own business. Business owners here that are dedicated and willing to work hard can continue to benefit from the strong local economy and focus on small business support. While there is a lot of opportunities, there are risks as well that could be out of your control. To mitigate these as well as possible, you should get a commercial insurance policy. 

Protects Against Liability Risk

One way your commercial insurance plan will protect you is by giving you protection against liability risk. Businesses in all industries are going to take on liability risk whenever they sell a product or service. There is always a chance you could be found liable for the injuries or illness of a customer. Fortunately, with commercial insurance, you can protect against this risk.

Coverage for Business Assets

Anyone that is trying to protect their business should also carefully consider their business assets. If you invest in commercial insurance, you will get coverage to protect any assets that you have. This could help to ensure that you are covered if you are victimized by theft, vandalism, or another form of damage, which could be enough to keep your company afloat. 

When you do want to protect and invest in your business, getting commercial insurance should be considered a necessity for anyone in the Rome, GA area. If you are looking for a new policy here, you should call the team at Coosa Valley Financial Group. The team at the Coosa Valley Financial Group knows how important it is for you to get a quality insurance policy. They can then help address your questions and concerns and help you build a proper policy. 

Who in Georgia should get a boat insurance policy?

Living in the Rome, GA area can come with a lot of fun and great experiences. This area of the state tends to stay warm for most of the year, which can make it a great place to be during the summer. If you are going to live here, you can enjoy the area even more if you have your own boat. When you do get a boat, you should also get boat insurance. There are several situations when someone here should get boat insurance. 

Those that Take Out a Loan

One situation when someone should get boat insurance in Rome is if they have taken out a loan. Taking out a boat loan is quite common. If you do take out a loan, you should make sure that you fully understand your insurance requirements. Most boat lenders will want you to have a full insurance policy at all times. 

Those Wanting Liability Protection

Those that are going to operate a boat should also be aware of their liability risk. If you cause an accident while using a boat, you will be responsible for damages. With a boat insurance policy, you will receive this protection. This can give you peace of mind while you are out using your boat. 

If you do own a boat in the Rome, GA area, it would be a great idea for you to get a boat insurance policy. When you are in the market for your next insurance policy, you should call the team at the Coosa Valley Financial Group. Picking a boat insurance policy is a big decision and requires a lot of thought and consideration. The team at Coosa Valley Financial Group can help to guide you to ensure you get the right policy for your situation.