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Coosa Valley Financial Group

415 E 2nd Ave
Rome, GA 30161-3223

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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.

How to Protect a Motorcycle From Theft

Protecting your motorcycle from theft is essential to keeping it safe and secure. As a motorcyclist, you know how crucial it is to take care of your two-wheeled ride and safeguard it from thieves. Fortunately, Coosa Valley Financial Group serving Rome, GA, offers various insurance plans to protect your motorcycle. However, there are multiple steps you can take to safeguard your bike from theft.

1. Installing an Alarm or Tracking Device

Tracking devices and alarms can be a significant deterrent to thieves. Alarms are designed to trigger a loud sound when someone attempts to steal your motorcycle, while tracking devices allow you to locate your motorcycle in case it’s stolen.

2. Park Your Bike Securely

Where you park your bike is vital in protecting it from theft. If possible, keep it inside a secured area, like a garage or storage unit. If that isn’t an option, park it in a well-lit area with plenty of foot traffic. Ensure you use a proper locking device and secure the frame to an immovable object whenever possible.

3. Invest in Comprehensive Insurance

Comprehensive insurance coverage provides the ultimate protection for your motorcycle. It covers the cost of repairs or replacement if your bike is stolen, vandalized, or damaged in a collision. Talk to a Coosa Valley Financial Group agent about getting the right insurance plan for your motorcycle.

4. Utilize a Heavy-Duty Lock

Using a heavy-duty lock on your motorcycle can make it more difficult for thieves to steal. Look for a U-style or chain lock with a built-in alarm, as these are the most secure options.

Protect Your Motorcycle With Proper Insurance

Taking the necessary steps to protect your motorcycle from theft is essential, but having the right insurance plan is also important. At Coosa Valley Financial Group, serving Rome, GA, we offer motorcycle insurance plans to suit your needs. Contact us today to learn more about our coverage options and get the right insurance plan for your motorcycle.

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.