- Flooding is not uncommon in Georgia.
Floods kill 140 people per year and cause $6 billion in property damage
nationwide.
- Parts of Georgia
lie in the infamous “Dixie Alley,” which experiences significant tornado
activity throughout the year.
- Wildfires run rampant in the
south. So far this year, a state of emergency has been declared in 21 Georgia
counties due to extreme drought conditions. Florida is in a similar predicament,
with over 90% of the state experiencing drought and up to 95 wildfires active
at one time.
Georgia homeowners have
learned to live with the threat of flooding, but what many homeowners in Georgia may not
know is their home has a 26 percent chance of being damaged by a flood during
the course of a 30-year mortgage. Damages to the home from flooding are not
only traumatic to the structure (not to mention mentally unnerving), but flood
damage can be traumatic to the homeowner's financial health as well. To protect
your home and your financial health from flooding, it's best to invest in a
homeowner's insurance policy that will cover you, your family, and your
belongings in case this natural disaster occurs.
Currently, over 5 million people hold flood insurance policies in more than
21,000 communities across the United
States. Insurance policies and costs can
vary greatly in Georgia
as hundreds of insurance companies offer policies and many different factors
can affect pricing/premiums. Such factors include:
- Type of structure or
construction
- Risk percentage in your
particular area
- How much coverage you feel
you need.
The biggest mistake you can make is to do nothing at all; Georgia
residents need to prepare for these and other natural disasters by ensuring the
right home insurance policy is in place. Hundreds of insurance companies, many
of which are disreputable, sell homeowners insurance in Georgia. It's
difficult not only to differentiate the legitimate companies from the
illegitimate, but it can be difficult for Georgia consumers to find the right
policy at the lowest possible price. At insurehome.net, you can find the lowest
real-time insurance quotes in Georgia.
