If you’re looking to purchase homeowners insurance, this guide from White Oak Insurance Services (678-569-0113) covers the key changes to premium and coverage thresholds to help you make the right decision!
Are you looking for the best deals on homeowners insurance in Woodstock, or reassessing your current policy? There's so much to think about that it's hard to know where to begin – but this detailed guide from White Oak Insurance Services keeps you up-to-date with how coverage is being affected by the latest changes!
Read the full guide at https://www.whiteoakis.com/personal-insurance/home-insurance/complete-guide-to-home-insurance-coverage
In addition to predictable premium increases, local insurance policies are being rewritten to adjust which claims will pay out. This tightening of underwriting standards is particularly prevalent in the Woodstock and Macon markets because Georgia’s Insurance Commissioner restricts yearly premium increases in order to protect consumers. Without free rein to increase prices in controlled markets, insurance companies are focusing on some of their biggest costs, weather damage and roofing claims.
The US home insurance sector suffered loss ratios averaging 104% in 2022, with similar losses in 2021 and 2023. Figures for Georgia exceeded the national average, demonstrating how targeted action was required by local underwriters. Considering around 45% of home insurance claims are related to weather and roofing, it’s no surprise policies are restricting cover based on roof age, condition and claim history.
White Oak’s guide informs you how to navigate these insurance changes, and what practical steps you can take to get the best value coverage for your property. It includes specific thresholds related to age and condition that can directly affect premiums and stresses the importance of proper roof maintenance to avoid unnecessary claims.
White Oak Insurance Services provides independent and specialized insurance services to the Georgia market, with offices in Woodstock and Warner Robins. They offer a range of commercial, automotive, life, and liability insurance services, in addition to advising on home coverage needs.
Homeowner's Insurance Service Area:
https://www.google.com/maps/d/edit?mid=1EMge5BhY05BTyKlx6reoe0ucAo1GW0I&usp=sharing
Woodstock Car Insurance Service Area:
https://batchgeo.com/map/ac6312c73f9b73adfba2118c3f08cb9e
A company spokesman highlighted the need for current and independent advice, saying, “The property insurance market in Georgia has seen multiple changes in the last several years, that we expect to continue for several more years, including higher prices, tighter underwriting, and more strict coverages on property are affecting all home coverage types.”
Don't make any snap decisions without fully considering the current market.
Check out https://www.whiteoakis.com/personal-insurance/home-insurance/complete-guide-to-home-insurance-coverage for all the info you need!
