Georgia Insurance

The United States is the world’s largest insurance market and accounts for more than one third of world wide premiums.

Home insurance in Georgia
The escalating prices of Home Insurance in Georgia are finally showing signs of slowing.
While choosing your homeowners insurance policy you must weigh the following options:
HO-3 – Insurance against risk of loss for buildings, and loss of contents for broad named perils, such as theft
HO-4 – Provision of content loss coverage on rentals for broad named perils
HO-6 – A condominium policy providing insurance against broad named perils on an owner-occupied condominium unit.
Homeowner’s insurance : It covers for owner occupied homes, personal properties and liabilities. Dwelling Fire policies also insure owner occupied homes, the building structure and lilted contents of the home too.
Condominium Owners Insurance: It covers the condominium that is owned and occupied by the policy holder and also covers personal assets and liabilities.
Mobile Homeowners: This policy covers mobile homes that are owner occupied and also includes personal properties and liabilities.
Renters Insurance: Covers the tenant’s property in a rented home.
Flood Insurance at Georgia: Flood insurance is not part of a regular Georgia homeowner’s insurance policy. However it is provided by the National Flood Insurance Program (NFIP).
The cost of a Georgia homeowner’s insurance policy depends on the following factors:
Location of your home
Type of construction
Square footage of your home
Market value of your home
Age of your home
Location of nearest fire department
Security devices installed
Other structures on the property
Valuables in your home
Deductible desired

Health Insurance in Georgia:
This kind of policy covers all or a part of an individual’s health expenditures. These plans are generally available in two kinds of plans Health Maintenance Organization and Preferred Provider Organization

Life Insurance in Georgia
Life insurance guarantees the beneficiary’s dependents a certain some of money in the event of death of the insured or to the insured after the lapse of a specified time period.
Term Life Insurance: It is a policy with a set duration limit on the coverage period.
Whole Life Insurance: It is a policy that covers the contract holder for his or her entire life.
Workers Compensation Insurance in Georgia :An insurance program offered by the state of Florida for workers injured on the job and dependents of workers killed on the job.
Universal Life Insurance: This type of insurance was introduced in the 1980s as a high interest alternative to whole life insurance. This policy provides a bigger set of investment choices and higher projected interest rates.
Current Assumption Life Insurance: In this policy a fixed annual premium is paid for the duration of the plan. The policy holder receives a fixed rate of interest on the premiums paid, less the cost of insurance.
Riders and Options: Insurance policies which provide the option of adding additional conditions and clauses for more coverage. For example an individual can avail of the accelerated benefits option which allows the policy holder to receive one-fourth the policy value prior to his death if he is struck by illness of serious nature.

Auto and Vehicle Insurance in Georgia
This type of insurance covers the owner’s cars truck sand other types of vehicles, including boats.
Auto insurance provides protection against the potential economic loss of car accidents. It can be purchased for cars, trucks and other vehicles .
Minimum State Insurance Requirements in Georgia:
The state of Georgia follows the Tort system. In matters of Insurance disputes this implies that someone must be found culpable for causing the accident, and that very individual and his insurance policy will pay the damages. The state of Georgia requires minimum Bodily Injury Liability coverage of $25,000 per injured person up to a maximum of $50,000 per accident, and a minimum Property Damage Liability coverage of $25,000. This referred to as 25/50/ 25 coverage.

According to the Georgia State law a Personal Injury Protection clause is not mandatory many insurance companies do provide PIP. PIP helps pay for your and your co passenger’s medical expenditures �reasonable and necessary� nature.

The Uninsured/ Underinsured Motorist Coverage for bodily injury caused by an uninsured driver are also not mandatory according to Georgia state law. This too is provided by many insurance companies and you can purchase this as an optional coverage for added protection.

Bodily Injury Liability coverage often referred as public liability insurance protects the policy holder against the legal liability of paying damages for injuring another person in an accident.
Property Damage Coverage Liability is the clause which protects the policy holder against the legal liability of paying for causing damage to another individual’s property with his automobile.
Personal Injury Protection is an additional clause (though mandatory in states with no-fault laws) which covers medical expenses, lost wages and other damages regardless of who is at fault.

The state of Georgia provides a wide number of Dental societies and associations to choose from. Dental insurance plans in Georgia are like any other conventional insurance, with properties of annual maximum benefits, deductibles and coinsurance. The two most widely used kind of dental plans are indemnity plans and preferred provider organization (PPO).

A Dental Insurance Indemnity (Georgia)plan is the conventional plan where a certain fee is deducted after which the company pays for a certain percentage of costs incurred in “customary” dental procedures. This kind of plan does not require any referrals or authorizations so one you can visit any dentist of your choice. However some indemnity plans do require a pre-certification of some dental procedures. A Dental Insurance PPO (Georgia) provides for dentals requirements through a pre-specified team of dentists who offer discounted fees to the plan subscribers.
The Peach Care program in Georgia provides health care to children not covered by Medicare or any other Georgia health insurance plan.
Short Term Health Insurance in Georgia: these are short term plans with a time period of 6 to 12 months and are generally meant for people who are in between policies.

Last Updated on : 26th August 2013

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