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Coosa Valley Financial Group

415 E 2nd Ave
Rome, GA 30161-3223

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Is Renters Insurance Worth the Cost?

Like most insurance policies, renters insurance offers an intelligent financial option – but the ultimate decision depends on one’s circumstances and priorities. According to the insurance professionals at Coosa Valley Financial Group in Rome, GA, these factors should be considered when deciding on renter’s insurance.

In addition to offering peace of mind by appropriately preparing for unanticipated events that may cause financial loss at an affordable price, insurance for renters offers the following value and benefits:

Liability Coverage

A renter’s policy typically includes a provision to protect the policyholder should they unintentionally injure someone or damage another’s property.

Personal Property Protection

This type of insurance policy provides protection for the damage/loss of personal belongings for a covered event:

  • Fire
  • Theft
  • Vandalism or other natural disasters.

If you possess expensive and valuable items (should they need replacing), a policy designed for renters will offer financial protection.  

Maybe a Landlord Requirement

As a provision in the lease agreement, some landlords require tenants to maintain a renters policy.

Other Renters Insurance Policy Considerations

Review and understand the renter’s policy’s deductibles and coverage limits. Ensure the policy you select meets your budgetary and financial needs. Check out potential premium discounts that may be available for the following:

  • Choose to bundle multiple policies (combine an auto and renters policy)
  • Install a security system.
  • Non-smokers, etc.

Discounts like these can help reduce the cost of a renters insurance policy.  

Call a Leading Rome, GA Insurer

Remember to consider your rental property’s location, as this will help determine the policy’s value based on the existing risk of natural disasters (e.g., hurricanes). For more information regarding renters insurance, contact a licensed team member at Coosa Valley Financial Group at 706-235-2289 or online.

Understanding State Requirements for Motorcycle Insurance

Motorcycling in and around Rome, GA is not just a mode of transportation; it’s a way of life for many enthusiasts. However, for motorcycle riders in Georgia, understanding and adhering to state insurance requirements is a matter of legal obligation and a crucial aspect of ensuring safety on the road.

Wearing Universal Helmets 

One of the primary regulations in Georgia is the mandatory use of Universal helmets. In the context of Georgia law, universal helmets are full-face helmets that cover the entire head and face, leaving only a clear visor for the rider’s vision. 

Failure to wear a Universal helmet can result in significant consequences. The fines for a first offense without a helmet can be as high as $1,000 for both the motorcycle driver and passengers, and the offender may face up to a year in jail. 

Wearing Eye Protection

In addition to helmet requirements, Georgia law also mandates eye protection unless the motorcycle is equipped with a windshield. Also, the use of universal helmets covers eye protection. This provision safeguards riders from debris, wind, and insects that can impair vision and potentially lead to accidents. 

Following the Laws and Insurance Claims

The most critical aspect of these regulations is their impact on insurance claims. In Georgia, all motorcycle riders must adhere to state laws, including helmet and eye protection requirements, to have their insurance claims honored. This means that if an accident occurs, and the rider or passenger was not wearing a Universal helmet or suitable eye protection when required, it could result in a denial of their insurance claim, leaving them financially vulnerable.

Coosa Valley Financial Group Can Help You

At Coosa Valley Financial Group, we can help answer questions concerning motorcycle insurance. We serve the Rome, GA area. Contact us today.

Can You Get Life Insurance Without a Medical Exam?

Not all life insurance policies require a medical exam. Like most insurance companies, Coosa Valley Financial Group offers many types of life insurance, including accidental death and dismemberment and final expense insurance. If you’d prefer to skip the medical exam, you have a few life insurance options to explore.

No Exam Options

While personal term life policies always require a medical examination, as do whole life and universal life policies, you have a few options for policies that don’t. Consider purchasing any of the following four life insurance policy types:

  • Guaranteed issue life insurance
  • Accidental death and dismemberment (AD&D) insurance
  • Group life insurance
  • Final expense insurance.

Group life insurance typically refers to a policy provided by your Rome, GA, employer as part of your overall benefits package.

Policies that Let You Decide the Benefit Amount

If you want to leave a death benefit to a beneficiary, opt for guaranteed issue life insurance. Final expense insurance only provides funds for your burial expenses, such as a coffin and burial plot. AD&D coverage only pays a death benefit if you perish in an accident. It also pays a benefit if you survive an accident that results in partial or complete dismemberment of any limb of your body.

Your Employer Decides the Group Insurance Benefit Payment

When your employer covers your life insurance with a group policy, every employee receives the same coverage. The employer’s choices determine the benefit to your loved ones, but you typically pay little to no premiums since your employer pays them. Sometimes, you can upgrade the benefit payment for an added premium.

Contact Coosa Valley Financial Group to Explore Your Options

So, if you want to add to your life insurance or start a new policy as an older individual, consult with the friendly insurance agents at Coosa Valley Financial Group in Rome, GA about your options.

Does Commercial Insurance Cover Perishable Inventory?

Securing the right insurance coverage provides a blanket of protection against losses related to covered risks. Some commercial Industries need specialized commercial insurance coverage that protects them from specific loss risks. If you would like to learn more about the various Commercial Insurance coverages available, Coosa Valley Financial Group can help. We are proud to offer top-quality products and services to the residents in and around the Rome, GA, area.

Coverage for Perishable Inventory 

If you operate a business within an industry that relies on the sale or storage of perishable inventory, you’ll need an insurance policy that covers those items. Several different options are geared toward protecting businesses from losing perishable inventory. Owners of convenience stores, grocery stores, or restaurants need reliable commercial insurance that covers their inventory in the event of a covered loss.

If you want to find out which policies best suit your current needs, our friendly and helpful insurance agents can help. They can assess your current and potential future needs and recommend policy options that meet those needs.

We can also assist you with submitting documentation information to acquire the policy quickly and make any changes along the policy’s lifetime. We can even help with any claims you may have. We are committed to providing our customers with the best services so that they can have peace of mind.

Contact Coosa Valley Financial Group Today 

Coosa Valley Financial Group encourages you to contact us to learn more about the products and services we offer the residents of Rome, GA. Call or stop by our office to schedule a consultation with one of our insurance agents or get answers to any questions about our services.

Should I Take Out Home Insurance on a Vacation Home?

If you own a vacation home in Rome, GA, our Coosa Valley Financial Group team is here to walk you through every step of the home insurance process. The first step to buying a home insurance policy is deciding whether you need it. If you’re determining whether your vacation home requires home insurance, our information below can help you determine whether this is the right choice for you.

What is home insurance?

Home insurance, also known as “homeowner’s insurance,” is a policy that covers certain qualifying types of damage, specific kinds of repairs, and liability if someone is injured on the property and the homeowner is found to be at fault, and other critical expenses in specific qualifying emergencies. It’s designed to help protect one of the most valuable assets in your life, so it’s a crucial form of insurance to have as a homeowner.

Should I Take Out Home Insurance on a Vacation Home?

When you own a vacation home or another home away from your primary home, taking out an insurance policy on the second property is necessary. If you think about it, this home will sit vacant for long periods, making it more vulnerable to thieves and severe water damage.

With a vacation home, you may need to take out a special kind of home insurance policy specially designed to meet the needs of vacation homeowners. Even if you’re on the fence about getting home insurance for your vacation home, we encourage you to talk to our agents about the benefits this protection can offer.

Contact Coosa Valley Financial Group

To learn more about our home insurance policies for vacation homes, call our office at Coosa Valley Financial Group in Rome, GA today.

Required Auto Insurance in Georgia

When you drive in Georgia, you’re required to have auto insurance for each of your vehicles. It’s essential to keep your auto insurance and to carry proof of your policy in your car. When you need auto insurance in Georgia, call us at Coosa Valley Financial Group in Rome, GA to get a quote. 

Bodily Injury Coverage

Your auto policy is required to have coverage for bodily injury liability. This coverage has to include two separate amounts of coverage. One is for a single person who became injured in the accident. The other is an amount for everyone who was injured in it. Both of these amounts pay for the injuries that happened to the other party in an accident that was judged to be your fault. The coverage pays for medical bills and other expenses like ongoing therapy for the injured person. The required amounts are relatively low, and getting a higher amount is often recommended than the minimum required. 

Property Damage Coverage

In Georgia, you are also required to have coverage for property damage liability. This pays for the damage to the other person’s property, such as vehicle damage. It can also cover things like poles and buildings hit by your vehicle. 

Other Coverage

It’s also a good idea to get collision insurance, though it isn’t mandated. It’s a type of insurance that pays for your damages from an accident that you caused. Many people get this plus comprehensive coverage. This covers your vehicle against things that happen to it while it’s not being driven. This can help you with a wide range of risks to your vehicle. 

Get Auto Insurance in Georgia

When you need auto insurance, we’re here to help. Call us at Coosa Valley Financial Group in Rome, GA  to learn more.

Should You and Your Spouse Have Equal Amounts of Life Insurance Out on Each Other?

One of the questions that we at Coosa Valley Financial Group, serving the greater Rome, GA area, are most frequently asked is regarding how much life insurance a person truly needs. If you are married, one of the specific questions you may have about life insurance is whether you and your spouse should have equal amounts of life insurance out on each other. Read on to learn more about whether you and your spouse should have equal amounts of life insurance on each other. 

Should You and Your Spouse Have Equal Amounts of Life Insurance Out on Each Other?

You and your spouse do not technically need the same amount of life insurance on each other. This is because most spouses do not make the same amount of money, have the same amount of assets, have the same amount of debt, or even have the same amount of life expectancy. Additionally, one person may have come into the marriage with children already and may need a different amount of life insurance to help their child if they pass away prematurely. These factors should be weighed when determining how much life insurance to purchase. 

It can be challenging to determine how much life insurance is the right amount of life insurance, as there are many factors to consider. Suppose you want to purchase a life insurance policy in the greater Rome, GA area. In that case, Coosa Valley Financial Group can sit down with you and explain what factors you need to consider when determining how much life insurance is right for you. Call or email us today to get started. 

Frequently asked questions about umbrella insurance

Below are some of the most commonly asked questions and answers to those questions.

How much umbrella insurance do I need?

It depends on your assets and net value. If you live in a rental with little to no high liability factors, you probably would be fine with your renters’ and auto insurance policies. You might want to consider an umbrella policy if you own a trampoline, swimming pool, pets, or have people over frequently. You might want to talk with an insurance agent to figure out how much you need.

Does an umbrella insurance policy cover all lawsuits?

An umbrella insurance policy covers lawsuits involving personal injury, property damage, and bodily injury. An umbrella insurance policy will not cover lawsuits that involve purposeful damage.

What are the most common umbrella claims?

The most common umbrella claim reported is a business auto liability. Other common claims for umbrella insurance are teenage drivers, dog bites, false arrests, and slander.

What is not covered under an umbrella policy?

There are many things umbrella insurance does not cover. If you purposely do something to someone else, umbrella insurance will not cover it. Umbrella insurance covers liability costs for accidents due to something you or a family member did.

Since an umbrella policy is liability insurance, it does not cover things that happen to your possessions, home, or car. That is what home insurance and car insurance are for.

Contact Coosa Valley Financial Group

If you have questions that weren’t answered, reach out, and we will answer those questions. Contact us for an umbrella insurance quote, or stop by Coosa Valley Financial Group in Rome, GA.

How to Adjust Your RV Policy if You Decide to Live Full-Time in Your RV

Are you planning on becoming a full-time RVer based in Rome, GA?

Congratulations from Coosa Valley Financial Group! Now that you’ve decided, it’s time to adjust your RV policy to meet your new lifestyle’s needs.

Your Coverage Needs 

Once you’ve found a provider, it’s time to assess your coverage needs. Typical RV insurance policies cover theft, fire, vandalism, and flood damage. However, if you plan on living full-time in your RV, you may need additional coverage, such as replacement cost coverage or rental reimbursement coverage. Be sure to discuss these issues with your insurer when making any changes. 

You may also want to consider adding liability protection for any visitors or guests that come into contact with your vehicle while living in it full-time. It would be best to discuss whether roadside assistance or emergency travel expense coverage would benefit your situation. These valuable additions can help provide peace of mind when traveling long distances or facing unexpected problems. 

Living full-time in an RV can be an exciting adventure – but it also comes with its own risks and responsibilities that need to be considered when adjusting your RV policy. By taking the time to research different providers and update your policy accordingly, you can ensure that you have the right level of coverage for your specific needs as a full-timer. If you have questions about how Coosa Valley Financial Group can help provide the right insurance policy for your situation, please don’t hesitate to contact us today!

We look forward to helping ensure all of our Rome, GA clients have the right level of protection while they enjoy their travels!

Customizing Your Renter’s Insurance to Cover Your Needs

The renter’s insurance policy you purchase from Coosa Valley Financial Group provides blanket protection for all items you own in your Rome, GA home. A few special items might need extra coverage, such as your engagement ring or other valuable jewelry. To add an extra level of protection to these items, add a rider or add-on to your policy.

What are riders and add-ons?

In insurance, we offer two ways to add special coverage to an existing policy. You can add a rider, a clause in the insurance policy that covers a specific piece of property or a specific situation. You can add riders to most insurance policies. Coverage add-ons relating to homes typically cover structural elements.

Common Riders and Add-ons

You can typically add the following common riders for renter’s insurance.

  • At-home business rider: Add this rider to cover your business equipment if you operate a home-based business that generates at least $2,000 of annual income.
  • Identity theft rider: Adding this identity theft rider covers your legal costs and reputation repair costs if a criminal steals your identity.
  • Pet damage rider: A smart rider to add if you have pets or your home-based business involves pets; this pays for the cleanup or restoration of damage an animal causes to your home.
  • Replacement cost rider: Check your renter’s insurance because it probably includes coverage for actual cash value for covered items if they get stolen, lost, or incur damage. Adding this rider means instead of getting a check for the depreciated value; you get the replacement cost – what a new one would cost.
  • Scheduled property rider: A scheduled property rider pays full replacement cost for a high-dollar item listed explicitly as scheduled property. Many use this to insure engagement rings or expensive big-screen TVs with stereo systems and surround sound.
  • Swimming pool coverage: If you rent a home with a swimming pool, this add-on provides you with liability coverage for accidents occurring in or around the pool. Your landlord’s homeowners policy covers liability in public areas of the home, such as the front steps. Still, since the typical visitor to the home can’t hop the back fence and use the pool, you’d incur the liability for an accident, just as you would if your house guest slipped in the shower.

Contact Us for a Policy Review

Don’t let the items in your Rome, GA home go unprotected. Contact Coosa Valley Financial Group today to add helpful riders to your renter’s insurance.