The Dottie & Kate Team
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Homeowner's Insurance

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When a person purchases a home, they are required by the mortgage holder to also purchase a homeowner's insurance policy. A typical policy will cover any damage to the home resulting from hail, fire or a windstorm. In some areas, flood damage is included and, in others, it is a separate rider.

A homeowner's policy not only covers the physical structure of the house, but it protects the owner of the property should anyone be hurt in our around the home. There are three ways that you may choose to insure your home:

  • Replacement cost: This will pay the cost it would be to rebuild your home, without depreciation, but has a maximum value amount.
  • Extended Replacement cost: This provides money to rebuild your home plus an extra percentage to account for increased construction costs.
  • Actual Cash Value: This is the cost it will be to rebuild your home at its depreciated value.

Aside from only covering the cost to rebuild your home or replace your roof, outbuildings or other structures, a homeowner's insurance policy will cover your personal belongings in the event of a fire or other major damage. Your policy will have a limit on the amount of money that will be paid out for personal property loss.

If you purchase a new home, speak with your real estate agent and your new mortgage provider regarding the required homeowners insurance policy. These people can help you determine what needs to be covered and in what amounts.

Dottie Toney                                                                                                                                                                                                                       Kate Swarthout
Keller Williams Realty                                                                                                                                                                                       Keller Williams Realty

Cell:
770-715-0512                                                                                                                                                                                                        Cell: 770-715-0612
Email: dottietoney@kw.com                                                                                                                                                                      Email: kateanne@kw.com
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  • Home
  • Find a home
  • Featured Properties
    • 225 Late Rise Rd Monticello Ga
    • 120 Friddell Rd
    • 1600 A Hwy 81
    • 1809 Stark Rd
    • 13759 Woolsey Rd
    • 225 Tussahaw Ln
    • 469 Parker Rd
    • 267 McDonough Rd
    • 1600 B Hwy 81
    • 115 June Court
    • 332 Roberts Point Road
    • 7625 Wright Circle
    • 695 Moreland Road
    • 2551 Hidden Hills Drive
    • 110 Walnut Ridge Way
    • 108 Greenland Drive
    • 29 Highland Circle
    • 521 Blue Cedar Court
    • 779 Crumbley Road
    • 2933 Old Snapping Shoals
    • 171 W Nuthatch Drive
    • 118 Bell Road
  • Home Staging
  • RESOURCES
    • Blog
    • Selling Tips
    • Locations
    • FAQ
    • Real Estate Glossary
  • Contact
  • 1809 Stark Rd