Effective Coverage: Georgia Renters Insurance As Easy As Peaches
There are all kinds of reasons to rent in Georgia. Many people prefer the convenience of not having to worry about maintenance and other concerns that come with owning a home. Some are saving for a down payment on a house. Some have downsized, and others are just new in town and haven’t found the perfect home yet. Whatever the reason, Georgia renters insurance is the easiest way to protect your family.
Where you choose to rent a home in Georgia will play a role in what sort of options you have for housing. Across the state, if you want to rent a single-family home in Georgia, Progress Residential has great options for you. What about apartments? The Reserve at West Paces and Citizen Perimeter both offer apartments in Atlanta. Seven Pines and The Stoneleigh at Deerfield in Alpharetta both offer nearby apartments as well. Wherever you’re looking for a rental home in Georgia, the state has much to offer.
When you think of Georgia’s cities, Atlanta is usually the first one that comes to mind but there are many others. Columbus, a city of 200,000, is highly ranked as one of the best places in America to raise a family. Savannah, with 140,000 people, was the first capital of Georgia. Athens, with 120,000 residents, was home to the first university in Georgia and attracts many artistic types.
Sandy Springs has almost 100,000 residents and is just north of Atlanta. Macon, with 90,000 people is known as the Heart of Georgia. There are hundreds of smaller cities and towns scattered around the state. You’ll find a different pace in North Georgia, where the economy is tied in with border cities, a faster pace (and more interesting driving) as you head into Atlanta, and then further south you’ll find more peaceful rural areas dotted by tourist traps selling tickets to a variety of things you’re still hours away from.
As the premier Georgia renters insurance provider, we often find that people have many questions about their coverage, or aren’t even aware that they have the ability to get coverage as a renter. That’s why we created renters insurance guides for each state, in line with our mission to provide solutions for those buying insurance because insurance is our world, and we want you to get back to yours.
From Atlanta to Savannah and from Columbus to Augusta, Effective Coverage is focused on getting you covered and getting you back to your life. Enjoy our Georgia Renters Insurance Guide, and if you still have questions just call (800)892-4308. A friendly insurance expert will be there to answer your questions and help you get the coverage that you need quickly and at an affordable price.
Georgia Renters Insurance Guide Table Of Contents
- What Does Georgia Renters Insurance Cover?
- Why Do I Need Georgia Renters Insurance?
- Is Georgia Renters Insurance Affordable?
- What Insurance Covers Items Stolen From My Vehicle?
- Are Discounts Available On Georgia Renters Insurance?
- Can My Landlord Require Me To Buy Renters Insurance In Georgia?
- How Do I List An Additional Insured On Georgia Renters Insurance?
- What Additional Coverage Should I Consider?
- Bonus Section: Guide To Renting In Georgia
What Does Georgia Renters Insurance Cover?
The short answer is, personal property, liability, loss of use, and medical payments to others. But what do those mean to you? And why are they important? Read on!
Personal Property coverage is what replaces all of the things you own after a loss. Don’t think you own anything worth protecting? Think again! People who think they don’t have anything worth protecting are often looking at their belongings from an actual cash value standpoint. In other words, because their property has depreciated over time, they think it’s not worth insuring. In reality, Georgia renters insurance is generally written with replacement cost coverage. Even if you’ve had your couch for ten years, after a fire you’d get the amount of money needed to go purchase a new couch of like kind and quality at retail.
With that in mind, look around your home. Think about what it would cost to purchase new furniture, new clothes, new appliances, new pots and pans… The list is endless. Now that you realize you’ve got property worth insuring, how do you go about that? The best way to make sure you can replace everything after a loss is to make a list of what you own. Pictures and video are a good start, and a list of big-ticket items can be uploaded with them to the cloud. If there ever is a need to file a claim, you can easily determine what was lost.
Liability coverage on Georgia renters insurance is what protects you when someone claims that your negligence led to them suffering bodily injury or property damage. The key word here is “claims.” Whether or not the claim is true, and even if it is false or frivolous, your policy would spring into action to defend you against that claim. The duty to defend is a key part of renters insurance.
By defending you outside of the policy limits, the amount available to pay for the claim is not reduced by what the company spends on defense. That defense prevents invalid claims from being paid and ensures that only the necessary amount is paid on legitimate claims. Liability coverage on Georgia renters insurance can respond to any situation where someone believes that you’ve caused them bodily injury or property damage.
Medical Payments to others doesn’t require fault to be found. If a guest is injured in your home, there is a small amount of coverage available. This could be as simple as a dinner guest offering to help clean up afterwards and cutting themselves on a broken glass while washing dishes. With med pay coverage, such injuries can be taken care of without it rising to the level of a liability claim.
Loss of Use is the coverage most people forget about. When you have a covered loss that prevents you from using your home as, well, a home, loss of use kicks in to pay the additional living expenses. For instance, you might have to stay in a hotel. You might have additional costs to get your kids to their usual school. Loss of use pays for expenses like these so they don’t have to come out of your pocket.
Georgia renters insurance has additional types of coverage, as well. You should, of course, read your policy, just like you’d read any other legal document to protect your interests. The policy is laid out logically, don’t let the language or font size scare you off. If you have questions about what the policy document is telling you, just call your insurance expert for guidance.
Why Do I Need Georgia Renters Insurance?
Georgia renters insurance is commonly required by almost all landlords. The requirement is probably written into your lease, and penalties may range from a few dollars in fines to a three-day notice. But those punitive measures aren’t the real reason you need to be covered. You’ve worked hard to get where you are, and you’ve earned everything you have. Don’t risk it all to a neighbor’s fire or something else outside of your control.
The real reason that you need Georgia renters insurance is that all of the things you’ve worked so hard for could be easily lost. This is particularly true for those who don’t have significant savings, though emergency funds do not replace renters insurance, and insurance does not replace having an emergency fund. If there’s little extra margin after bills are paid, replacing personal property would be a serious hardship. Don’t put yourself in the position of wondering whether to pay bills or replace your clothing!
Is Georgia Renters Insurance Affordable?
In some cases, the cost of Georgia renters insurance will increase. That doesn’t speak to affordability. Rather, it speaks to the fact that many people have their policies placed with the wrong underwriter for their needs. Different underwriters have different “preferred” types of business, based on how they’ve modeled future losses and how they’ve set rates. A company that wants to write policies for people who haven’t moved in five years is not going to be the right fit if you’re a traveling nurse and move every six months for work.
The national average price of renters insurance is just $187.00 per year, or about fifteen dollars a month. That’s a number that will fit into almost any budget, and allows you to get the protection your family deserves. A variety of factors impact the price, including previous claims history. The only way to get your price is to get a quote. Fortunately, that’s quick and painless – you can be covered in just minutes, just call an insurance expert at (800)892-4308.
When you work with Effective Coverage, you’re working with a renters insurance provider who has access to a wide variety of underwriters appropriate for whatever your personal situation might be. Not everyone needs the same type of coverage, and not everyone meets the same underwriting guidelines. But everyone needs renters insurance in Georgia, and that’s why Effective Coverage works hard to make coverage available and affordable to everyone.
What Insurance Covers Items Stolen From My Vehicle?
Auto insurance doesn’t generally cover items that are stolen from your vehicle. Georgia renters insurance covers your personal property, wherever it happens to be. That means if your laptop is stolen from your vehicle, your renters insurance policy covers the loss. The same would apply if you were shopping and left things in the trunk of your car that were stolen.
The only real caveat is that you need to use reasonable care. In other words, lock your car doors and don’t leave valuables lying about in plain sight. If someone smashes a window to get to the laptop they’re stealing, renters insurance in Georgia would pay to replace the laptop and the auto glass would fall to the comprehensive coverage on your auto insurance. Even though it’s one event, it’s two different types of losses. The policies work together to protect you.
Are Discounts Available On Georgia Renters Insurance?
Yes, discounts have always been available on Georgia renters insurance. The good news is that big data allows companies to offer more renters insurance discounts than ever before. You’ll find the standard discounts, such as the loss-free discount. But you’ll also find discounts based on your location relative to fire stations that are more relevant than ever, thanks to recent changes in the calculation of the protection classes that indicate fire safety.
Because most discounts are a function of data, and because that data is easily accessible, Effective Coverage works to apply all discounts proactively to your policy. In other words, we don’t make you ask for a long series of discounts. We calculate and apply these discounts to renters insurance in Georgia because you deserve a fast and easy insurance experience that nets you the best possible price.
Can My Landlord Require Me To Buy Renters Insurance In Georgia?
Yes, landlords in Georgia can require renters insurance. As long as it’s a provision of a new or renewal lease, and not a mid-term change, the requirement is perfectly reasonable. They want to make sure that if there’s a loss, you’ll be able to make whole whoever suffers the loss, including the landlord and their insurance company. You have to admit that requiring Georgia renters insurance is a much better solution than having the landlord’s company subrogate against you because you’re responsible for the loss!
In reality, your landlord shouldn’t have to require you to buy renters insurance. Your personal property is quite valuable, because it would cost a great deal to replace with new property. Your future assets, income, and earnings are all at risk from a liability claim. Renters insurance in Georgia is the bare minimum standard to protect your family and your future. Additional coverage is available, but every single renter should have renters insurance for their own protection.
How Do I List An Additional Insured On Georgia Renters Insurance?
You don’t list an additional insured on Georgia renters insurance. Renters insurance is a personal lines policy, and it’s not designed to extend liability or defense coverage to your landlord. Additional insured is often appropriate for commercial policies, and even appropriate for a personal auto policy on a leased vehicle. Additional insured is not appropriate for a renters insurance policy, because it makes the landlord a party to the policy and liability is a third-party coverage.
Most likely, your landlord is looking for notification if your policy lapses, cancels, or non-renews. This can be accomplished with the additional interest endorsement which offers notifications, but no coverage. You can easily add an additional interest to accomplish those goals. But additional insured creates additional problems that neither you nor the landlord want.
What Additional Coverage Should I Consider?
Georgia renters insurance offers comprehensive coverage that meets the needs of many people. But there are some circumstances in which you should consider additional coverage to supplement your renters insurance policy.
If you have or will have significant assets, you might want to consider an umbrella policy. If you’re in school to become a doctor or a lawyer, the basic liability limits on your renters insurance and auto insurance just aren’t enough. You have obvious future earning potential, and a judgement today could take from those earnings. Student loans will take enough of your money once you start earning, an umbrella policy can provide additional coverage to prevent a lawsuit from taking your money in the future as well. Don’t forget that you can add uninsured and underinsured motorist coverage to the umbrella as well, to protect you from those risks in the same million dollar increments as the policy.
If you have significant jewelry, you should consider coverage for it. Jewelry has a sublimit for loss by theft, but you can endorse additional coverage onto the policy. If you have jewelry in excess of $10,000, you’ll want to consider a personal articles floater policy. This is an additional all-risk policy that protects those valuables. You can find out more in our Renters Insurance Jewelry Coverage Guide.
Water backup coverage is available on your renters insurance in Georgia, as well. While the policy covers burst pipes, you have to add coverage for backup of sewers and drains. Fortunately, this coverage is quite affordable.
If you’re looking for any of these types of coverage, or if you have other risks that concern you, just call and speak with an insurance expert at Effective Coverage who can help guide you through choosing the correct coverage.
Bonus Section: Guide To Renting In Georgia
Liability For Damage To Rented Premises
A Georgia renters insurance policy can protect you from liability for damage to rented premises. You should be aware that personal liability coverage is applied differently in this scenario. Liability coverage for damage to rented premises is often limited to fire, smoke, and explosion. An endorsement is available that offers liability coverage for water damage to the premises as well.
In reality, the landlord is not going to sue you if someone breaks into your home and causes damage to the door. Fire, smoke, explosion, and water are the most common types of major damage that would result in a liability claim. Outside the rented premises, of course, the liability coverage applies to any bodily injury or property damage that you cause. In other words, water damage that you cause to another unit in the building could be covered even if it’s not covered for your unit. This is why it’s crucial to read and understand your policy.
Costs Of Renting In Georgia
It’s actually less expensive to rent a home in Georgia than in many other states – $92 less expensive, to be exact. The average rent for a one-bedroom apartment is about $900 a month. This is somewhat misleading, however. These average rents are skewed by the high prices and high concentration of renters in cities like Atlanta. There’s more to Georgia than I-85, and outlying areas are likely to be less expensive.
Chances are strong that you’ll be responsible for utility costs of your rental. That’s normal, but make sure that you don’t put the service in your name until you move in. Once in a while, an unscrupulous landlord will suggest that you turn utilities on early so they can do repairs, or for other reasons. This is a bad idea, and a big red flag.
Finding An Apartment In Georgia
Outside of cities, you’ll have more success finding a rental through word of mouth and traditional sources, rather than online. This is highly dependent on the part of Georgia in which you choose to live. No matter where you live, make sure you get a written lease and that you receive a copy of that written lease signed by all parties. This is important in case there is a dispute later as to the terms.
It’s not difficult to find a home in Georgia. Progress Residential, for instance, offers single-family homes for rent throughout the state. When you find the perfect home, make sure you protect it with the perfect Georgia renters insurance. Just call (800)892-4308 or click above to get covered right now! Effective Coverage has made it quick and easy to get the protection you need and the insurance answers you deserve.