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Coosa Valley Financial Group

415 E 2nd Ave
Rome, GA 30161-3223

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When Should You Buy Life Insurance?

Contrary to what most people believe, the best time to purchase life insurance is when you’re young. You may not need the coverage right away, but you can save substantially on policy costs. As you grow older, circumstances may make it more difficult to invest in life insurance due to other financial obligations. As a result, you could lose out on the financial security that life insurance can provide.

Here are some good reasons to invest in life insurance from Coosa Valley Financial Group in Rome, GA sooner rather than later.

Reduced Premiums

Life insurance is cheaper to buy when you’re young and healthy as there’s less risk of you getting sick and dying. If you’re in your 20’s, have good health and live a healthy lifestyle, you can obtain excellent coverage at a minimal cost. As you approach your 30’s and beyond, you’ll pay more for the same policy due to increased risks of developing health problems and conditions.

Establish Financial Security for Future Family

You may not have a family now, but that could change in the near future. By purchasing a life insurance policy now at a low cost, you can establish financial security for your spouse and children in the future. Low premiums enable you to buy more coverage that you may not be able to afford later down the line when you start a family. If you plan on getting married and having a family someday, now’s the time to capitalize on cheaper life insurance costs.

As a young adult, you may think that life insurance isn’t a priority. However, it could be one of the wisest investments you make for the future. To learn more about life insurance options and costs, see your Coosa Valley Financial Group agent in Rome, GA today. 

How commercial insurance can save your business

As a business owner in Rome, GA you have plenty of things to worry about but one of them should not be losing your business. Commercial insurance can save your business by protecting you from many of the hazards that can come your way. Commercial insurance has many different parts, some of them may be good for your business and others you may not need. Talking to the knowledgeable staff at Coosa Valley Financial Group can help you to decide what kind of coverage is the best for you and your business

Commercial property insurance

Commercial property insurance protects you in a variety of different ways from hazards that could have tragic results for your business. It covers your property, your equipment, your furniture, and your inventory. If your business location is hit by a covered peril such as a fire it will help to bring the property back to working order and replace the things that are beyond repair. You can’t stay in business without a place to work and the things necessary to run your business. 

Commercial liability insurance

If someone is injured on your business site or by one of your products they may decide to sue you for damages. This coverage will help to cover medical expenses as well as legal liability. 

Business interruption insurance

In the event that your business is damaged by a covered event, you will need to have an income in order to pay your bills and possibly to pay some employees. Business interruption insurance can mean the difference between staying in business and having to close your doors.  

These are just a few of the ways commercial insurance can save your business. Coosa Valley Financial Group in Rome, GA will be happy to discuss your particular business insurance needs. Stop by their office or give them a call for a no-obligation quote. 

 

Look for these 3 features when choosing your boat insurance

Georgia has a lot of great lakes for boating, and who can think of a better way to spend a sunny afternoon? Before you put your boat into the water, it’s a good idea to review your policy to make sure it’s complete. And if you are considering buying your first boat, be sure to look for these 3 features when choosing your boat insurance policy. The team at Coosa Valley Financial Group is here to help our friends and neighbors in the greater Rome, GA area meets all of their insurance needs!

  1. Sea towing – breakdowns can happen, and when you’re out on the water, you’re going to want to know that you have coverage for towing services.
  2. Damage occurring when docked – your boat can, unfortunately, be damaged or vandalized when it is docked, and it only makes sense to have protection for your boat, no matter where it is!
  3. Liability – getting into a mishap with your boat can be a serious headache. Especially if there is damage to another person’s boat or property. The situation can become even more serious if there are injuries as a result of the accident. Make sure you have adequate liability coverage.

Responsible boat ownership goes beyond being a diligent driver on the water. Having a comprehensive boat insurance policy in place can also help you in the event that your craft is involved in a mishap on or off the water. 

If you are a boat owner or are just now thinking about purchasing one, make sure you have boat insurance that is right for your own unique needs. The team at Coosa Valley Financial Group is here to help the greater Rome, GA community meet all of their insurance needs. 

4 Reasons You Should Get a Comprehensive Home Insurance Policy

If you are looking at your home insurance options prior to moving into a new house, you’ll want to think about getting a comprehensive home insurance policy. This is a type of insurance that not only covers your home itself, but also your belongings, living expenses, and liability. Be sure you talk to an expert insurance agent to get an understanding of what the different policies and extra coverage are before you sign up for it.

Why You Should Get Comprehensive Home Insurance

1. Protection against natural disasters – You can get on a policy that offers you protection against the big risks, such as earthquakes and floods. If you live somewhere that is at a higher likelihood for such natural disasters, it is especially important you have coverage for such damages.

2. Coverage for accidents on your property – If someone is injured through a slip and fall accident or is bitten by your dog, they may have costly medical bills and even lose time at work. If you have comprehensive personal liability insurance, it will protect you from the individual bringing a claim against you. Instead, your insurance should cover their medical bills, lost wages, and any rehabilitative services they may need.

3. Your property may entirely be replaced – There are a guaranteed replacement and straight replacement policies available. Guaranteed means that the replacement cost will be covered entirely, even if it is more than the maximum amount on the policy. The straight replacement policy only covers up to the maximum amount and costs less than guaranteed.

4. Coverage for living expenses – Coverage may be available for living expenses, in the instance of your family having to leave due to severe damages or loss of your home (such as from a fire or flooding). It would cover expenses for staying in a motel or rental unit. However, be aware that there are limits as to what type of living arrangements you can get.

Reach out to Coosa Valley Financial Group of the Rome, GA area today to ask questions and get your comprehensive home insurance.

 

Car Insurance Myths

In order to find the right auto insurance, it’s important that you understand common auto insurance myths in Rome, GA.

Myth 1: You only need the minimum liability insurance required in the state.

Buying only the minimum insurance will mean that you will pay more out of pocket for any losses after an accident and these costs can be expensive. If you have assets to protect, it makes sense to get more than the minimum coverage.

Myth 2: Car insurance covers you if your car is vandalized or stolen.

Auto insurance will only cover your car if you have collision and comprehensive coverage. Check with an agent at Coosa Valley Financial Group to see if your car is worth enough to opt for these coverages.

Myth 3: Personal auto insurance covers business use.

If you are using your vehicle for commercial purposes then your personal auto insurance coverage may not cover you if you get into an accident.

Myth 4: If someone else is driving your car then his or her insurance covers damages.

The auto insurance policy that covers the vehicle is considered the primary insurance. This means that the car owner’s insurance will be responsible for the damages, regardless of who is driving.

Myth 5: Vehicle color helps determine the price of insurance.

The color of the car doesn’t factor into the cost of auto insurance, but other factors do matter. Things such as the make, model, engine size, age of the vehicle, overall safety record, and likelihood of theft play a role in how much insurance costs.

Myth 6: If you get a ticket, your costs go up.

A ticket doesn’t always mean an increased rate. If the ticket was minor then you may not have any increase in your premiums. The type of infraction you are cited for will determine how much your rates will go up.

Contact Coosa Valley Financial Group, serving Rome, GA, to get a quote on auto insurance. 

Who may benefit from my life insurance?

At some point in life, you may need to purchase life insurance expressly if you have a vast number of resources or a huge family. When doing this, you will need to name a beneficiary who will claim your wealth in case of your covered demise.

Choosing a beneficiary

When choosing a beneficiary, you may be asked to name a backup beneficiary in case the primary beneficiary passes on before you or is unable to claim for specific reasons. If you live in Rome, GA and its environs, you can seek professional advice from Coosa Valley Financial Group who will help you navigate through the process without mistakes that can impact the claim later.

Couples

For couples who have no children, the primary breadwinner or provider or both can take out life insurance and name the other spouse as the beneficiary so that the named spouse will have financial support when the other dies.

Singles

Single people also have beneficiaries. These could be your aging parents, your child if you have one, or a sibling that may benefit from your life insurance. If your parents signed a student loan for you, the life proceeds could clear off this loan so that your parents are no longer held liable for it.

Family

A couple with children can get the financial security they need for the future of their children through life insurance. The primary breadwinner can name his or her children as the main beneficiaries to provide them with financial stability in the event that he/she passes away. The life benefits can pay school fees, mortgages, or any other financial need.

No one wishes themselves death, but it does happen when we least expect it, and the least we can do is leave our dependents financially stable with life insurance. Call or visit us at Coosa Valley Financial Group in Rome, GA for more information on life insurance.

Is There an Advantage to Short-Term Umbrella Policies?

When you start to bundle multiple insurance policies to make sure you’re completely covered, things can feel a little complicated. Some insurance feels more important only under the right conditions. One way people deal with this is to make some policies temporary. Can that method help ease the cost of umbrella policies? Coosa Valley Financial Group has an answer for you.

Kind Of

Umbrella policies are interesting. You can set up a variety of payment plans, much like other policies. Making an entire umbrella policy short-term is pretty unusual and usually not the best approach. Instead, you want to frequently update your policy. This is especially important when you have temporary factors that might impact your coverage needs. Leaving your home in Rome, GA, for a while and traveling abroad is the most common reason to double check coverage limits.

Another instance that might have you checking your policy is a temporary addition to your home. If grandparents are going to keep their grandkids for a chunk of the summer, they might want those names added to the policy. There are plenty of other circumstances that merit a policy update. It never hurts to chat with your Coosa Valley Financial Group representative to make sure everything looks good.

Not Always

So, instead of making the entire policy short-term, you want to keep it up to date with your needs. This is great for optimizing your insurance costs, and it makes you a savvy customer. The trick is to make sure your fluid approach to coverage doesn’t lead to unintended gaps. That’s all the more reason to involve your agent in the process. They can make sure you stay protected without spending too much for coverage additions you only need temporarily. That gives you more freedom to relax and enjoy your life in Rome, GA.

 

3 Reasons Why RV Insurance Is Necessary

When you live in Rome, GA, it might be natural for you to own an RV. It allows you to travel the state and the rest of the country. However, you need to look at protecting your financial investment. At Coosa Valley Financial Group, we’re here to explain why it’s so important to have RV insurance.

The first reason to have a policy is that you want to protect your investment. If it gets hit when you’re driving, vandalized when you’re parked at an RV camp, or broken into when you’re out exploring a city, you want to know that you can file an insurance policy. You would only be responsible for the deductible, which can end up saving you a lot of money.

The second reason is to ensure that you’re street legal. If your RV has an engine of its own and you’re going to drive it down the road, it needs to have all of the necessary liability insurance that Georgia requires. This way, if you get into an accident with another vehicle, you are able to provide for the bodily injury and property damage of the other vehicle.

The third reason is that you simply never know what’s going to happen. You can’t predict whether someone’s going to back into your RV or if a storm is going to damage it with hail. You shouldn’t have to pay for things that are outside of your control. It’s why it’s reassuring to have an RV policy in Rome, GA that you can turn to if something does happen.

Shopping for RV insurance can be overwhelming because of the different options, including coverage limits. At Coosa Valley Financial Group, we’re here to help you every step of the way. Contact us today to find out how our insurance agents can help you find the right policy for your RV.

 

Can You Take Out Renter’s Insurance on a Rental Home?

Renter’s insurance is something that far more people could genuinely benefit from if they knew about it and knew what type of coverage they needed. For those that rent their home or rent an apartment, renter’s insurance can mean the difference between being able to recover after a disaster and being forced to start over. For those in the Rome, GA area, the agents with Coosa Valley Financial Group can help you find the coverage that works for you.

There are a few different stipulations when it comes to renters insurance and the first is that the policy must be taken out by the renter not the landlord. This means that the name on the lease and the name on the policy must be the same. Also, you cannot take out a renter policy on a property that you own. You can however take out a renter policy on any rented property that you are renting. This means if you are renting a home rather than an apartment, you can take out a rental policy on that rented home in the same way you would take out a rental policy on your apartment. It is likely that your landlord is going to have some sort of policy on the property as well but the rental policy will protect you and your belongings.

A rental policy is always good if you are not the owner of the residence in which you live. A rental policy is going to help you replace your belongings, find a place to stay, and much more. For those that live in the Rome, GA area, the agents with Coosa Valley Financial Group can help you find the policy that works for you and that covers your possessions and your rental so you can be safe and secure.  

What can a life insurance policy do for you?

Contrary to some beliefs, life insurance is not just for the wealthy. You should consider purchasing an indemnity plan even if you can only afford term life assurance. Read on to find out why a policy in Rome, GA is so important. Call the agents at Coosa Valley Financial Group to get started with a quote!

Life insurance offers peace of mind

There is something assuring about knowing that you have taken the necessary steps to ensure that your business is taken care of after death. Life insurance gives you the satisfaction in knowing that your bills will be paid regardless of whether you furnish direct payment or not.

A whole life assurance policy also comes with benefits while you are living. You can cash in on the interest that accrues on your plan and use the amount to pay bills or go on a much-needed vacation. Regardless of what you choose to do with the extra money, it is nice to know that you have something to fall back on when things get rough.

Life insurance gives financial stability

Speaking of having a safety net, life insurance offers an extra element of financial stability. Your loved ones do not have to worry about where the money is coming from in the unfortunate event of your death. They can, instead, rely on the assurance plan that you implemented during your lifetime to get them through the changes that life has thrown their way.

Life insurance relieves burdens

Death is always devastating. It is even more heartbreaking for a person to pass away without any financial backing. Family members are forced to search for other means to pay for the final arrangements of their loved ones. Additional turmoil may ensue if the deceased has mounds of debt.

A life insurance policy relieves the burden of finding other resources to make final arrangements and payments on debt in Rome, GA. Contact the agents at Coosa Valley Financial Group to get a quote on a life indemnity plan today!