When people own a home, there are a lot of important responsibilities that are needed to take care of it. One of these is to get a home insurance policy on the home and to keep it for as long as you own it. If you are buying a home or already own one and need a home insurance policy, call us now at LG Insurance Group in Marietta, GA.
Coverage for the House
Part of the coverage you get from home insurance is coverage for the actual structure. This coverage can pay for repairs or rebuilding after an incident causes damage. These repairs can be costly, so it’s vital to have house coverage. Don’t risk something happening to your home that you can’t afford to repair.
Protection for Items Inside
Another form of protection you get from these policies is protection for your items inside the house. This protection can be just as valuable as the protection for your house. When all the items you have in your home are added up, the amount it would cost to replace them all is considerable. This protection is highly valuable in case a covered incident ruins your items.
When you have home insurance, it also protects you in case of an accident that happens on your property. It can be expensive to pay for the medical bills that result, but it may be required of you. When you have home insurance, it will pay those medical bills and other expenses that you may be liable for.
Get Your Home Covered
It’s never a good idea to go without home insurance. Contact us at LG Insurance Group in Marietta, GA if you need a policy for your home.
After businesses shuttered and U.S. workers were sent home at the height of the pandemic in 2020, a report from Dollar Sprout revealed that more that 27% of those with a side hustle rely on that income to pay their bills. They might be doing anything from tutoring, freelance writing, offering professional consulting services, walking dogs or delivering groceries, to name a few.
The Dollar Sprout report also revealed that:
• Of those with a side hustle, 18% expect to turn it into a full-time source of income.
• Although 23% lost side-hustle income because of COVID-19, 42% remain hopeful about their prospects.
While the pandemic reshaped the workplace, the prevalence of home-based businesses had already given rise to ETSY, the fourth largest U.S. ecommerce site by monthly visits, where people sell everything from crafts and antiques to handmade toys and items for weddings, among other things.
The community of freelancers is increasing steadily. The Freelancers Union, established in 1995, says:
• There were 57 million U.S. freelancers in 2020.
• Americans rack up more than 1 billion freelance hours each week.
• Freelancers contribute more than $1 trillion annually to the U.S. economy.
New models of work create different insurance requirements. As individuals take on side hustles to generate more income or out of a desire to operate their own businesses, they also take on risks. If you have a side hustle, you need to insure yourself accordingly.
Liability insurance tops the list. Your Trusted Choice Independent Insurance Agent® can help you evaluate your side business, assess your existing coverages, and determine if you need a professional or business liability policy in addition to personal insurance. As a highly trained professional, your Trusted Choice agent can advise you of the specific or often overlooked coverages you should consider, and then assemble competitive product choices for you from the insurance marketplace.
Why is this so important? Even the most benign gig could destroy an individual financially in the absence of appropriate insurance coverage. Imagine a child takes a nasty tumble in your home while there for a piano lesson or a client accuses you of plagiarism: You will be liable. Or consider the costs you would be responsible for if the dog you’re walking breaks loose and attacks a pedestrian. The right policy can protect you.
Cyber insurance is also a growing consideration. If you set up an online store to sell crafts or homemade baked goods and a hacker steals your customers’ credit card data, what would be the cost to you? Would you be able to recoup your losses? Cyber insurance can protect you in the event of a breech whether your computer is hacked or your phone containing private information is stolen.
Auto insurance. Some automotive policies are for personal use only. Others may cover a business-related accident, but with limited coverage. If your side hustle involves driving and you get into an accident, do you know whether your insurance will cover you? If not, check with your Trusted Choice agent before an accident occurs.
Even if you are employed as a delivery driver, you need to know whether the company’s insurance covers you and what the limits are for collision, liability and medical. Talk with your independent agent, so you’ll know if you need a commercial policy for adequate protection.
Fire insurance. You probably have a homeowners or renters policy that provides coverage for losses incurred in a fire. But what happens if you operate a home business and spent thousands of dollars on office equipment? Will the insurance extend beyond your personal belongings to cover that equipment? Or, for that matter, will it cover the materials you purchased to make the items that you sell, or the business inventory you store at home?
Find answers before you need to make a claim, and avoid potentially devastating surprises. Your Trusted Choice agent can explain where your personal coverage ends, and where the gaps are in your business coverage.
As your business grows, be sure to inform your Trusted Choice agent so they can work with you to adjust your coverages and ensure the policies keep pace with your needs — especially if you hire workers or engage a contractor. Your agent can advise you about workers’ compensation insurance and employment practices liability insurance. Your agent also can review your contractor’s proof of insurance to determine if it meets your business’s needs.
Think of your Trusted Choice agent as a business partner who has your interests at heart. Your agent will work with you every step of the way as you grow your side hustle and reap the fruits of your efforts. Contact LG Insurance Group today if you have any questions regarding your insurance needs.
Understanding Your Home Insurance
Your homeowner’s insurance may have some uncommon elements to it that you may not be aware of. Some situations that are covered for damages are usually not considered until they happen and it is discovered homeowners cover it. Your pets may damage a neighbors property or you need to relocate a wedding from your home to another location. These situations may be included in your policy. Speaking with a qualified agent is one way to get a better understanding of what is covered in your policy.
The agents at LG Insurance Group of Marietta, GA have years of experience helping people understand their homeowner’s insurance to get the most out of their policies. We can and answer your questions about uncommon things in your homeowner’s insurance.
Uncommon Things in Your Homeowners Insurance
- Unauthorized Use of Credit Cards – Some homeowner’s policies will reimburse you for a certain amount if someone uses their debit or credit card without permission. Many people find this as a surprising addition to their policy.
- Incidents Involving Pets – If your dog bites someone or damages property, your homeowner’s insurance may pay for hospital bills and expenses. Be sure to check with your provider and agent about coverage.
- Loss of Use – This may apply if you have to relocate an event that was to be held at your property. The cost of relocating may be able to be claimed.
Expert Insurance in Georgia
Contact us at LG Insurance Group of Marietta, GA for a hassle-free quote on quality homeowners insurance. Our agents are happy to answer your questions and get a policy that works for you. We look forward to seeing you at the LG Insurance Group.
When you purchase a new home you typically will purchase home insurance right along with it. While it may depend somewhat on the mortgage you receive and the property you buy, home owner’s insurance will typically come right along with it. But how is your home insurance value determined? This is one of the first questions our staff here at LG Insurance Group addresses. If you live in greater Marietta, GA, our staff here will address this and all other home insurance questions you might have.
How Is Home Insurance Value Determined
The exact premium is going to vary a bit depending on what you’re looking to accomplish with your insurance and with your insurance provider. There is typically a set value amount paid per dollar your property is worth. However, there are other factors included when it comes to this. What you pay may not be what your friend pays on the other side of town. This is because the insurance provider will need to consider the cost of rebuilding the home (if you have an older home and materials are hard to come by). The age of the home will impact it if there is older wiring and plumbing. Fire protection in the area as well as the claims history will play a role as well. Finally, your personal claims history will also potentially impact your insurance coverage costs.
All Your Home Insurance Questions Answered
If you are shopping around for new home owner’s insurance, are looking to buy a property, or you’re simply wondering what kind of insurance options are available to you, our staff here at LG Insurance Group is here to assist you with all of your needs. So, if you’re interested and live in greater Marietta, GA, our staff here is just a phone call away.
Are you looking for your dream home in the Marietta, GA area? Use these tips from LG Insurance Group to ensure you make the right buying decision.
- Take a look at the neighborhood. Are there good schools, restaurants, grocery stores, and other resources in the area? Even if the house itself is perfect, living in a neighborhood that doesn’t support your lifestyle is a recipe for long-term frustration.
- Note the condition of the houses around your potential property. Are they well-kept? Are there yards full of debris? The condition of your neighbors’ homes impacts the value of your own. Choose an area that won’t make it difficult to sell in the future.
- Have an expert check out the house before you buy. Hidden damage in the sewer systems, roof, or plumbing could end up costing more to repair than it’s worth. Unless you’re absolutely sure you know how to spot potential problems, bring along a trusted guide to evaluate the home’s structural integrity.
- Think about your daily commute. Is the neighborhood you’re looking at worth the extra drive time? Even if the price is significantly cheaper than other areas of town, you could find yourself spending more on gas and vehicle maintenance, which can quickly cancel out any savings.
- What are your future plans? If you’re thinking about expanding your family or taking up a new hobby that requires a lot of space, make sure your new home is in an area that won’t prohibit these activities. Talk to the representatives with your homeowner’s association before buying to ensure your future plans won’t be derailed by their regulations.
Finding the right home can be a chore. However, getting insurance for your new home is simple. Contact the experts at LG Insurance Group for more information on protecting your new home in the Marietta, GA area.
Home improvements that enhance the security and protection of your property could make you eligible for a discount on your home insurance coverage. Before upgrading your home, talk to an LG Insurance Group agent to see what type of improvements qualify for reduced insurance costs. If you’re looking for ways to lower your home insurance premium, consider the following upgrades to your home and surrounding property.
If you own an older home in Marietta GA, your roof may have tiles that are cracked, worn or missing altogether. A severe rainstorm could cause further roof damage, resulting in water leaking into your home. By replacing your roof, you can protect the interior and structure of your home, making it less susceptible to water damage. A new roof could qualify you for a reduction in your insurance.
New Heating and Electrical Systems
Old wiring and heating systems increase your risk of having an accidental fire in your home. A fire can completely destroy a home and everything in it within a short amount of time. Installing new heating and electrical systems will reduce the risk of fire, making your home a safer environment in which to live. At the same time, these improvements could make you eligible for a lower rate on your home insurance.
In many neighborhoods around the country, home theft and invasion are on the rise. A home security system with window and door sensors, security camera and alarm will help to protect your home and secure your personal property. Many insurers offer discounts to homeowners who improve the security of their property.
By making your home a safer, more secure place to live, you could pay less for your home insurance coverage. For a quality home insurance policy at reasonable costs, contact us at LG Insurance Group, Marietta, GA.
Did you know that water damage is the second most frequently filed loss experienced by homeowners and renters each year? (according to the Insurance Information Institute) The infographic below, provided by Safeco, can help you understand the risks, offer prevention tips and share the resources you may need if a water loss occurs.
Liability coverage is an important component of home insurance. When you look at policies for your home in Marietta, GA, your goal is to be covered in as many scenarios as possible. At LG Insurance Group, we work with you to get the desired level of coverage – and at an affordable price.
What is liability coverage?
Liability coverage protects against people getting injured inside your home or on your property. If someone hurts themselves walking towards your front door, they could sue – but your liability coverage would take care of the legal fees as well as the settlement. It also protects you in the event one of your family members damages someone else’s property. This includes a baseball through the window or even a toddler spilling juice on an Oriental rug.
How much coverage do you have?
The coverage you have in Marietta, GA depends on the value of your home, the insurance company you choose to work with, and what you decide is necessary. For example, if you do a lot of entertaining where many people will be inside your home, it’s a good idea to increase the level of coverage on your policy.
You will automatically have some liability coverage included in your home insurance policy, regardless of who you are insured with. Your goal is to look at the fine print to see the scenarios where you aren’t protected and then add onto your coverage so you are protected against them. This way, if something does happen, you can file a claim and enjoy peace of mind knowing that the insurance company will cover the majority of the costs.
Contact one of our independent insurance agents at LG Insurance Group today to learn more about how to get sufficient liability coverage in your home insurance policy.
Now that the winter weather is starting to go away, spring is starting to come out to play. One of the most common things for homeowners to do during this time in Marietta, GA is doing some spring cleaning. Although it doesn’t get too terribly cold here, the spring gives a breath of fresh air that is hard to ignore. If you are wanting to do some spring cleaning this year but are not entirely sure where to start or what to do, be sure to use these tips from LG Insurance Group.
- Start with dusting everything off. You may be surprised by how much dust can gather after just a few months. make sure you dust everything. Once you are done, you will be able to breathe easier and you can even start opening windows to let the spring air in.
- Choose one or two projects. All too often, people think of spring cleaning as a way to get everything on their list done. Usually, this is too much to do for one person, or even one season, so choose one or two projects to focus on. If you find that you have completed both of the projects you set out to do, then go ahead and try to tackle another. Just make sure you do not overwhelm yourself and do not be afraid to ask your friends and family for help on your list.
Once you have tackled what you want inside your home, you need to make sure that everything is well protected. The best way you can do this is with a great home insurance policy. If you do not already have one, be sure to reach out to LG Insurance Group, serving Marietta, GA, to get a free quote that meets your needs and budget.
There are plenty of instances in which you might need to alter your home insurance coverage and knowing what they are and what the process entails can make a huge difference in how quickly you can get your coverage changed. For those that live in the Marietta, GA area, the agents with LG Insurance Group can help you through the adjustment process.
There are a wide range of instances in which your home might need to have more or less coverage. The first step of the process is to contact your agent. After contacting your agent you will explain why your home needs either more or less coverage. You will then set up a time for an adjuster to come and work on altering your insurance coverage.
After the adjuster comes you can decide what new coverage you need and get the process rolling. So what might make your needs change? Major renovation is the biggest issue when it comes to needing to change your coverage. Those major renovations will make your home worth more and therefore make it more expensive to build back should something happen to your home. Home depreciation might make for a change in coverage as well.
Still another thing that might necessitate more coverage would be getting something expensive like a large television or jewelry that would need to be covered on your policy. The adjuster is there to document the home and appraise it to determine how much coverage is necessary to rebuild if the home is destroyed. These are all great reasons that your home insurance coverage might need to change.
For those in the Marietta, GA area, the agents with LG Insurance Group can help you determine what changes need to be made to your current policy in order to be fully insured.