When you buy a home, it becomes more than just a building; it’s your sanctuary and investment. To protect your home from potential disasters, many homeowners choose to purchase home insurance. If your home is located near Cumming, GA, our team at Wichalonis Insurance Agency can help you find the best home insurance policy for your needs. We’ve been assisting Georgia homeowners like you since 1997.

What Happens If You Don’t Buy Home Insurance?

Georgia law does not require homeowners to purchase home insurance. However, many mortgage lenders mandate that buyers maintain an insurance policy to protect their financial investment. If a homeowner purchases insurance but fails to comply with the terms of their policy, the mortgage lender has the right to enforce a forced-place policy. These alternative policies are typically more expensive and offer less comprehensive coverage than standard home insurance.

Homeowners whose lenders do not require insurance will be responsible for covering the costs of home repairs out of pocket. Once you purchase home insurance, it’s crucial to maintain your premiums. If you fail to pay your premiums, Georgia law requires insurance agents to provide homeowners with at least 30 days’ notice before canceling the policy for non-compliance. After receiving a cancellation notice, homeowners must take action to avoid potential legal consequences from their lender.

Call Us for Your Appointment Today

When searching for home insurance, it’s important to work with an agency that understands Georgia’s homeownership laws. At Wichalonis Insurance Agency, we pride ourselves on our dedication to client support. Homeowners in the Cumming, GA, area have come to trust us for reliable guidance. Contact us today to schedule an appointment and discuss your insurance needs.