{"id":786,"date":"2022-09-20T14:37:19","date_gmt":"2022-09-20T14:37:19","guid":{"rendered":"https:\/\/southern.confiedevstg.com\/blog\/?p=786"},"modified":"2023-04-20T21:30:59","modified_gmt":"2023-04-20T21:30:59","slug":"what-georgia-renters-insurance-covers","status":"publish","type":"post","link":"https:\/\/southern.confiedevstg.com\/blog\/renters\/what-georgia-renters-insurance-covers\/","title":{"rendered":"What Renters Insurance in Georgia Does (and Doesn\u2019t) Cover\u00a0"},"content":{"rendered":"
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Renters insurance can serve a critical need if you live in an apartment, rental home, duplex, condo, dorm room, or other space you don\u2019t own in Georgia. For that matter, some Peach State landlords won\u2019t let you sign a lease without having such a policy in hand.<\/span>\u00a0<\/span><\/p>\n

But what do you actually get with <\/span>renters insurance<\/span><\/a>? And what gets left out? Let\u2019s take a quick peek at renters insurance\u202fcoverage and what it does and doesn\u2019t include, starting with an answer to a very basic question.<\/span>\u00a0<\/span><\/p>\n

What Is<\/span><\/b> Georgia Renters Insurance?<\/span><\/b>\u00a0<\/span><\/h2>\n

Renters insurance in Georgia is protection for the items you own (personal property) located inside of a rental unit.<\/span>\u00a0<\/span><\/p>\n

You don\u2019t own the building you\u2019re living in, so why should you worry about obtaining any form of insurance on your space within? If it goes up in flames or bursts a water pipe, that\u2019s too bad, but it\u2019s someone else\u2019s problem. Right?<\/span>\u00a0<\/span><\/p>\n

Georgia renters insurance doesn\u2019t have anything to do with the part of your home that you do not own. It doesn\u2019t cover the roof or HVAC, the plumbing or electrical systems, or any part of the building\u2019s standing structure. What the <\/span>renters\u202finsurance coverage protects<\/span><\/a> is your own things and a whole lot more that directly serves your personal needs.<\/span>\u00a0<\/span><\/p>\n

Though you don\u2019t own the space, you could be at a huge loss if a fire swept through the building and destroyed everything you own. That\u2019s one of many reasons your affordable renters insurance policy in Georgia can be such a valuable and necessary investment.<\/span>\u00a0<\/span><\/p>\n

What Your Georgia Renters Insurance Policy Covers<\/span><\/b>\u00a0<\/span><\/p>\n

Consider yourself secure against at least these 3 sources of potential financial loss if you have a renters insurance policy on your side.<\/span>\u00a0<\/span><\/p>\n

1. Renters<\/span><\/b> Insurance in Georgia Covers Your Personal Possessions<\/span><\/b>\u00a0<\/span><\/h2>\n

Your policy protects everything you keep in your living quarters, up to your renters insurance coverage limits. That means your furniture, computers and phones, appliances, art and jewelry, clothing, and other <\/span>valuables<\/span><\/a> and personal possessions.<\/span>\u00a0<\/span><\/p>\n

The financial benefit goes beyond your immediate living space, too. Consider the goods you might keep in your car or <\/span>rented storage space<\/span><\/a>. Your policy also protects those items.<\/span>\u00a0<\/span><\/p>\n

You\u2019re covered in the event of a fire or most other natural disasters, including damage caused by the hurricanes that can trouble some Georgia residents. The policy protects against smoke or water damage caused by such events as broken furnaces or fire caused by other tenants. And it offers compensation for theft, vandalism, and other unexpected damage or losses.<\/span>\u00a0<\/span><\/p>\n

2. Liability<\/span><\/b> Protection Is a Benefit of Renters Insurance in Georgia<\/span><\/b>\u00a0<\/span><\/h2>\n

What financial liability means is your exposure to the legal system. For instance, imagine a visitor being bitten at the front door by your dog or falling and breaking a leg because your kids\u2019 toys blocked a stair step. If they sue you, your renters insurance will pay for your lawyer\u2019s fees and lawsuit settlement costs to the limits of your policy.<\/span>\u00a0<\/span><\/p>\n

In a related area, your policy will also pay limited medical expenses for injuries suffered by guests at your place, whether or not they sue.<\/span>\u00a0<\/span><\/p>\n

3. Temporary<\/span><\/b> Housing in Georgia Is Yet Another Renters Insurance Advantage<\/span><\/b>\u00a0<\/span><\/h2>\n

Your renters insurance coverage will also pay for additional living expenses when you have to find temporary housing because of long-term damage to your home.<\/span>\u00a0<\/span><\/p>\n

For instance, think of another tenant smoking in bed and causing a major fire. Your unit suffers smoke and flame damage, and you\u2019re forced out for renovation that takes weeks or longer. In addition to losing most of your personal possessions, you\u2019ve also lost a place to stay.<\/span>\u00a0<\/span><\/p>\n

Sure, you can find fully furnished temporary housing, but it\u2019s costly. Don\u2019t worry \u2014 your renters insurance will pay for that housing, as well as the related costs of being temporarily displaced.<\/span>\u00a0<\/span><\/p>\n

As you can see, your renters insurance benefits go well beyond reimbursement for personal goods lost or stolen. Several areas of protection make your life easier and your finances more secure.<\/span>\u00a0<\/span><\/p>\n

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What<\/span><\/b> Renters Insurance Does <\/span><\/b>Not<\/span><\/i><\/b> Cover in Georgia<\/span><\/b>\u00a0<\/span><\/h2>\n

This is a pretty small list. Renters insurance policies generally don\u2019t cover natural floods or earthquakes (not that there are many of those in Georgia). And while medical payments for injuries of guests are typically covered, the policyholder\u2019s own medical costs aren\u2019t included in that benefit.<\/span>\u00a0<\/span><\/p>\n

Keep in mind that your coverage has a settlement limit on it. The higher your limit, the higher the cost of your premiums. You might want to do a rough estimate of the <\/span>replacement value of your possessions<\/span><\/a> before determining your coverage limit. Your insurance agent can help you with this.<\/span>\u00a0<\/span><\/p>\n

You\u2019ll also have a deductible. This is the amount you\u2019ll be responsible for before your coverage kicks in to handle the rest of the loss. For instance, if you suffer $10,000 in storm damages and you have a $500 deductible, your insurer will settle for $9,500 as long as your coverage limit goes that high. That\u2019s the amount of the damage minus your $500 deductible.<\/span>\u00a0<\/span><\/p>\n

This amount is another issue you should discuss with your insurance agent. The higher your deductible, the lower your renters insurance policy cost. So it can be a savvy decision to assume a high deductible. But don\u2019t make it such a high amount that you couldn\u2019t afford to pay your part of the replacement cost if you must.<\/span>\u00a0<\/span><\/p>\n

Affordable Rental<\/span><\/b> Insurance in Georgia<\/span><\/b>\u00a0<\/span><\/h2>\n

The best news on the topic of renters insurance is its affordability. According to the latest figures, the <\/span>average annual cost for renters insurance<\/span><\/a> coverage in Georgia is just $209, or less than $20 a month. That\u2019s so little that you\u2019ll forget you\u2019re paying it if you set up an automatic deduction from your paycheck.<\/span>\u00a0<\/span><\/p>\n

To make sure you\u2019re paying as little as possible, contact an independent insurance agent. Rather than working for just one insurance carrier and only being able to offer a limited product selection, an independent broker has contracted to represent the <\/span>renters insurance plans of multiple carriers<\/span><\/a>.<\/span>\u00a0<\/span><\/p>\n

That means they have more tools in their arsenal. Your independent agent can go shopping among several policies to find the one that\u2019s the most competitively priced and offers the benefits that best reflect your needs.<\/span>\u00a0<\/span><\/p>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n

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Reach Out for Affordable Renters Insurance in Georgia Today\u00a0<\/h2>\n\n
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Your independent insurance agent at Southern Harvest can answer all of your questions and help you get smart, affordable renters insurance coverage in Georgia. Call us at <\/span>(877) 831-4677<\/span><\/a> or get a <\/span>quick renters insurance quote online<\/span><\/a>. You can also find a Southern Harvest <\/span>office near you<\/span><\/a> to schedule a meeting.<\/span>\u00a0<\/span><\/p>\n <\/div>\n