Two Ways Home Insurance Protects You

Owning a home is a significant investment, and it’s up to you to protect that investment the best that you can. When you have home insurance, you get several types of protection all in one policy. If you don’t have your home insurance policy yet, don’t wait to call us at Wichalonis Insurance Agency in Cumming, GA to get started. 

Home Protection

When you have a home insurance policy, it offers excellent protection for your home. It protects the structure and its materials from several damaging events that could happen to it. This coverage includes a wide range of events that can happen to a home, such as certain accidents and specific disasters. When you have this coverage, it can help substantially with the costs incurred after the damage has happened to the home. The cost of repairs can be tens of thousands of dollars or even more, and you need home insurance to pay for those repairs. 

Belonging Protection

All of your belongings inside your home can be damaged if a damaging event happens to the house. It isn’t just the home that can cost a lot after such an event- the lost belongings will also be a significant expense. It’s crucial to have home insurance for its coverage of all of your possessions and its protection for the home itself. If you think about what all of your items cost when added together, it soon becomes apparent why this coverage is so important. Don’t get caught without home insurance because of the great expense of replacing everything after everything has been destroyed. 

Cover Your Home

When you own a home, you must keep it protected at all times with insurance. Call us at Wichalonis Insurance Agency in Cumming, GA.

Tips For Owning A Condo On The Beach

When you own a condo on the beach, you take on the risks of being a homeowner, a property manager, and an association member. Fortunately, there are a few tips that you can follow to accommodate such specialized needs.

Know Thy Neighbor

For people who own beach condos, there is a definite sense of community. When you live in such close proximity to one another, you share common areas and walls. You may even share insurance and maintenance expenses as well. You will need to work together on daily upkeep, necessary repairs, and future desires.

It Is All About Location

Identify the type of flood zone in which your condo is located. Typically, associations will purchase flood insurance for the most common elements. However, this will not include personal property. Therefore, you will need to ensure you have coverage for your interior structure.

Insurance Coverages

Take the time to review your unit owner insurance coverage for personal property and interior structures. You will also need to become familiar with your coverage for medical payments, loss of rental income, and premises liability. The condominium master policy will explain coverages for boat slips, detached structures, decks, pools, and common areas. If you are not certain how to determine if you have the proper coverage to protect you and your condo, the experts at Wichalonis Insurance Agency of Cumming GA are here to help.

Umbrella Insurance

An umbrella insurance policy will protect your assets from unexpected events or accidents for which you may be held responsible for damages. If you do not have an umbrella insurance policy, contact Wichalonis Insurance Agency of Cumming, GA for more information.

To ensure your beach condo is fully protected, contact us today. We are happy to provide answers to any questions you may have about owning a condo on the beach.

Georgia Condo Insurance – What You Need To Know About Condo Insurance

You should look into having condo insurance for your dwelling if you’re planning on purchasing a condominium.  The questions are already there running in your mind, you’ve heard of renter’s insurance and homeowner’s insurance, but what is condo insurance?  And why is it so important to have it?  Wichalonis Insurance Agency in Cumming, GA can address these questions and consult with you on what your insurance options are for condominiums.

Condo Insurance

The first question that you probably have goes something like this, “wouldn’t the homeowner’s association cover any events of loss or damage?”.  The easy answer to that question is:  yes, the HOA will cover damages, to the actual building itself and any items that were part of the original lease.  For instance, if you purchase a furnished condo and a fire destroys those furnishings, those losses would be covered under the HOA insurance policy.  What the HOA policy doesn’t cover, is your own personal items or any upgrades or changes that you’ve made to the condo.  This is where condo insurance comes in to protect the items that aren’t covered under the HOA policy.

Patchy Umbrella

You can look at a condo with just HOA coverage as an umbrella with a few holes in it.  The umbrella can still be used, and the wind won’t pick it up and blow away, but when it rains, you’ll still get wet.  Condo Insurance is the necessary alterations and patches needed to close those holes in the umbrella to fully protect you from a rainstorm in the case of a catastrophic event.  You may not appreciate it if you live in a locale where it rarely rains, so to speak, but when it does rain, you’ll be happy that you’re fully protected

To Learn More

You can learn more about condo insurance by contacting Wichalonis Insurance Agency in Cumming, GA today!

The Basics of Condo Insurance

Condo insurance covers repairs of damage to the interior of your condo and replacement or repair of your personal contents that have been stolen or damaged by fire or vandals. Before purchasing condo insurance it is important to first review what coverages you have available to you under your condo’s homeowner’s insurance policy (the master policy) so you do not obtain duplicate coverage.  Master policy insurance usually only covers areas like the roof, walls and floors, and central heating units as well as the common spaces such as a meeting or exercise room in your condo community. Read on to learn more about the various condo coverages available to you through Wichalonis Insurance Agency in Cumming, GA. 

Types of Condo Insurance Coverage

  • Condo Personal Liability Insurance Coverage

Personal Liability coverage covers accidental injuries to anyone visiting you in your condo when an accident is your fault. It covers medical expenses as well as any resultant legal expenses.

  • Condo Guest Medical Coverage

Condo guest medical coverage covers medical expenses for someone visiting your condo even in the case that you are not at fault.

  • Building Property Coverage

Building property coverage covers the expenses due to damage to the walls, built-in bookcases, and other fixtures (integrated appliances) within your condo.

  • Personal Property Coverage

Personal property coverage covers damaged or stolen personal property including clothing, furniture, appliances, and electronic devices.

This type of coverage can either reimburse the actual cash value on a depreciated basis or can reimburse the replacement cost value.

Most personal property loss policies have a maximum coverage amount as well as a deductible.

Summary

Call us today or visit us online for a free condo insurance quote. The Wichalonis Insurance Agency serves the Cumming, GA and surrounding Forsyth, Georgia area.

What are the benefits of a Georgia condo insurance policy?

Anyone that lives in the Cumming, GA area should consider investing in themselves and buying their own home. For a lot of people, one ideal home purchase option would be to buy a condo. When you do get a condo, there are a lot of advantages that include lower maintenance obligations and improved security. Along with purchasing a condo, it is vital that you consider all of your insurance needs. Several benefits come when you get a condo insurance policy. 

Valuable Liability and Property Protection

The main benefit that comes when you get a condo insurance policy is that it will provide you with valuable protection for your assets and against liability. When you own a condo, the insurance policy will protect your dwelling and personal assets. It will also give you coverage for liability if someone gets hurt while in your home. 

Agreement Compliance

Another benefit of a condo insurance policy is that it can help to ensure that you remain in compliance with a variety of different agreements. Having condo insurance is a requirement for your mortgage lender and condo association. When you get an acceptable policy, you are going to have the coverage you need to stay in compliance with both policies. 

If you are going to purchase a condo in the Cumming, GA area, you should speak with the team at Wichalonis Insurance Agency to learn about all of your insurance needs and options. The insurance professionals at Wichalonis Insurance Agency can help you to learn more about all of your condo requirements and explain to you how an exceptional insurance policy can provide excellent protection. Contact our office to get started with a quote.

Why is condo insurance required in Cumming, GA?

People who own a condo have many similar concerns to homeowners. These can include protecting their property from accidents, severe weather, theft, vandalism, and many other mishaps. Condo insurance is required for property that is financed through a mortgage just like homeowners. That is why it is important to get in touch with an insurance expert at Wichalonis Insurance Agency for more information.  

Under Georgia Law, either the association that maintains a group of condos or the individual owners must retain some kind of insurance coverage. Therefore, insurance is required, but it may be integrated into association fees or obtained through other arrangements. Condo owners also need to be aware that a blanket policy for their entire association may not give coverage of many of the common problems that are protected under homeowners insurance. The association is essentially required to obtain insurance that will cover HVAC equipment, structures such as the walls ad ceilings, and protection from lawsuits in the form of liability coverage.  This means that the individual owner is responsible for maintaining coverage that extends to everything else in and around the home. This can be especially important as repairs and damage can still be very costly for things not covered under the association’s broad policy.

Speak to an agent that serves Cumming GA

If you need any further information about the requirements of condo insurance, it is best to speak with someone who can answer your questions and provide coverage that matches your needs. Wichalonis Insurance Agency is available to provide this assistance to anyone who is interested in obtaining or changing a condo insurance policy.