Are You Eligible to Receive a Home Insurance Rate Discount in Georgia?
Thankfully, many home insurance companies in Georgia offer heavy discounts on their offerings, provided you fulfill certain criteria.
This is one question that almost all Georgia homeowners have on their lips nowadays. And it is not at all surprising considering that their houses are most likely their single biggest investment till date. The ever-rising prices of gasoline and the burgeoning tax rates mean that the dollar today goes far less the distance than it used to even in the recent past. Homeowners in Georgia have felt the tug on their pockets and are naturally on the lookout for ways to cut down on their expenses on various fronts. Thankfully, many home insurance companies in Georgia offer heavy discounts on their offerings, provided you fulfill certain criteria.
Know Your Policy
There are many insurers in Georgia who provide discounts on your home insurance rates if you hold multiple policies with them. For instance, you can expect your premiums to be slashed by your insurance company if you also have an auto, vacation home, business, and/or ATV insurance with the same insurer. If you have been maintaining your home insurance policy with the same insurer for many years in a row, then the company might provide you with a lucrative loyalty discount. So, make sure that you review your policy every year.
A New House Benefit
According to Bloomberg BusinessWeek, Gainesville and Augusta rank amongst the top 30 housing markets in the United States. Augusta additionally boasts of one of the strongest metro economies in the country. Thus, there has been a spurt in real estate development here and the market teems with a host of new houses and apartments. Many insurers in these regions of Georgia provide hefty discounts on insurance rates for new houses. So, if you have recently bought a house here, make sure that you confirm with your insurance company about the discount.
Bad Combination
The humid sub-tropical climate of Georgia and the state’s proximity to the Atlantic Ocean give rise to many tropical cyclones and tornadoes throughout the year. Thus it is not hard to understand why many insurers in Georgia offer discounts to homeowners who have upgraded their houses to withstand the ravages of inclement weather. Homeowners in Georgia who have strengthened their existing roofs or have installed a new one or have put up storm windows are thus entitled to discounts. In fact, many kinds of upgrades that you may make to your Georgia house—repairing your plumbing system or updating your heating works—will entitle you to insurance discounts dished out by several insurers in Georgia.
Similarly, home insurers look favorably on homes that have safety systems like alarms and deadbolt locks installed within the premises. That is why, they provide discounts to these homeowners.
Alumni Benefit
The Georgia Institute of Technology is one of the most venerated educational institutions in the United States and is a pride of the state. As a mark of respect and admiration, many home insurers provide lucrative discounts on insurance rates to individuals who are members of the Georgia Tech Alumni Association. So, if you are a member of the Alumni Association, make sure that you contact them and learn about the providers who will give you discounts on your real estate property.
Additionally, Georgia home insurers provide discounts to individuals who choose to carry out paperless transactions (pay and view their bills online) or pay their dues in full.
Knowing how you may become eligible for a home insurance discount in Georgia will help you save thousands of dollars a year and in this struggling economy, doing your insurance homework pays off.