Why it’s Important to Annually Update your Business Insurance Policy

When you get a new insurance policy for your business, you must update it every year.  Both you and your business are growing and changing each year.  So your business insurance policy must change along with it.  Our agents of AWARD Insurance Group serving the Dalton, GA area work with small business owners in revising their policies each year.  We strive to make things easy in finding all the policies your business needs.

Expanding or Downsizing your Business

The first common reason you must annually updating your policy is the growth or downsizing of your business.  Each year, your business is going to experience some changes, whether it’s for the good or the bad.  You must alert your insurer to these changes.  Otherwise, that new location you opened, along with any assets stored there, will not be covered.

Development of New Products

The more your company grows, the more your product portfolio will do the same.  If your business manufactures consumer products, you must have adequate coverage for all of them.  This helps cover them in the event of a defect.  In some cases, your insurer may require you to individually insure each product.

Being Prepared for Emergencies

You have to prepare your business for the unexpected.  So if you don’t have it already, you must update your policy to cover emergencies.  The state of Georgia is known for its history of hurricanes and tornadoes.  You must make sure your business is prepared in the event of this.

Contact us for your Business Insurance Needs

For a thorough updating of your policy, you need an insurer experienced with working with businesses.  If you own a business in the Dalton, GA area, give us a call to schedule an appointment today. 

Determining How Much Home Insurance Coverage You Need

You know you need home insurance. However, determining how much home insurance you need can be as complicated as the process of buying a home itself. The good news is at AWARD Insurance Group in Dalton, GA, we make the process of choosing home insurance easy and understandable. 

Replacement Costs

Home insurance coverage limits are often determined by your mortgage, your home’s appraisal value or the amount you purchased your home for. Having a coverage limit significantly higher than the costs to replace your home is a wasted expense. However, not having enough coverage can put you at risk.

The easiest way to determine how much structural coverage you need is to estimate the replacement cost of your home. Check local building costs, and multiply the per sq ft cost by the sq ft of your home. If you have other structures like a garage, barn, or guest house, you should include the costs to replace these as well. 

Other factors to consider are extra costs to bring an older home up to current building codes, and hard to replace elements. If your home has antique doorknobs, they will be more expensive to replace than standard knobs, for example. 

Types of Coverage

A standard homeowner’s policy doesn’t cover everything that can damage your home. You may need a separate policy for floods and earthquakes. You may also need rider policies if you have expensive jewelry or antiques. 

If you need home insurance or aren’t sure that your current coverage is adequate, contact us at AWARD Insurance Group in Dalton, GA. Our agents will explain the homeowner’s policy options and help you select the right coverage for your needs. 

What are the benefits of getting auto insurance in Georgia?

Dalton, GA is a great place for anyone to work and live. If you are going to live in this area of Georgia, it would normally be much easier and convenient if you were to purchase or lease a car. When you do get a car, you should carefully consider all of your needs. This can include getting auto insurance. There are several benefits that come when you get auto insurance in Georgia.

Provides Valuable Protection to Policy Holder 

One of the advantages of getting auto insurance in this area of Georgia is that it can provide you with valuable protection. If you have a full auto insurance policy with collision and comprehensive auto insurance coverage, you will have protection if your car is stolen or damaged. This can help protect your asset and investment. You will also receive valuable liability coverage, which will be helpful if you are ever at fault in an accident.

Ensures Legal Compliance

Similar to any other state, when you own and drive a car in Georgia, you are going to be required by law to carry some auto insurance. The state wants to make sure that you are able to pay for damages if you cause any in an accident. Due to this, having auto insurance will ensure you stay in compliance with state law. 

If you are in the Dalton, GA, and shopping for auto insurance, it would be a good idea to contact AWARD Insurance Group. When you call the AWARD Insurance Group, you are going to receive the support and guidance that you need to choose a new insurance policy. The team here focuses on assessing someone’s individual situation to make sure they are able to determine what type and level of coverage are right for you. 

Who Should Have Umbrella Insurance Coverage in Dalton, GA?

People who own multiple properties and have several different valuable assets might want to consider umbrella insurance. This type of insurance is in addition to standard liability policies and can be useful when you want to protect your assets from being lost in lawsuits and claims against you. Umbrella insurance kicks in when your standard liability is exhausted. This can help with existing homeowners, auto, or other personal types of insurance that have limits to their coverage.

If you are in the Dalton, GA area, AWARD Insurance Group has professional agents that have years of experience with both standard liability insurance as well as umbrella insurance.

Who benefits from umbrella insurance?

Lawsuits can be very damaging and you can lose significant amounts of money if you find yourself being sued, your entire savings and investments can be negatively impacted by lawsuits. If you are sued for injuries or damages to another person’s property or person, the associated legal costs from a lawsuit can add up quickly. This is when having an appropriate amount of umbrella insurance will help you weather legal battles and maintain your investments and wealth.

What amount of coverage does umbrella insurance provide?

The amount of umbrella policy underwriting depends on who your insurer is and how much coverage you have. It could be in the tens of millions of dollars or less. This really depends on how much you are able to spend to get this type of coverage. It is prudent to investigate different companies and specific policies they have for umbrella insurance.

If you need help choosing a quality umbrella insurance policy to cover your valuable assets from loss in lawsuits, AWARD Insurance Group of Dalton, GA can help. Give us a call to speak with an agent today to discuss your various options for coverage.

Is Condo Insurance Required To Purchase A Unit?

Although condos and houses are different, they have similar insurance needs. Both are usually required by the finance company to have insurance coverage. Condo insurance is designed to protect the interior structure, or walls, of the condo, as well as the personal contents of the owner. These can be appliances or other valuable documented items.

Condo Insurance Requirements

Before making a purchase, find out how much coverage is required to complete the purchase of the unit. Consulting with the building manager, HOA, and finance company if there is one, is the best way to be informed about those requirements. Having a knowledgeable insurance agent working with you to help navigate insurance needs is the best way to get the right level of coverage while staying compliant.

Top Condo Insurance Coverage

Anyone who is currently looking for top quality condo insurance coverage should consult with an agent at AWARD Insurance Group serving the residents of Dalton, GA. They can work closely with the condo owner to assess their current needs and then offer sensible insurance products that match the scenario. Not only can they help secure top quality condo insurance, but they can also help with any claims that may arise in the future. It’s all a part of their commitment to customer service before, during, and after the sale. 

Those who are currently shopping for condo insurance and want to find coverage that is reliable and comprehensive, should call or stop by AWARD Insurance Group to speak with an agent. They proudly serve the residents of Dalton, GA, and provide them with answers to questions so they can make an informed choice providing peace of mind. 

Spring Time Is The Time To Review Your Rv Insurance

At AWARD Insurance Group in Dalton, GA, we are sure that many of our clients start planning their summer holidays or adventures in springtime. Chances are you are already planning yours as well. That’s why we feel that the best time to review your RV insurance is now. Review your insurance now, before you hit the road in the days of summer. 

Actually, it is a good idea to review your insurance policy once in a year, and for RV insurance, the best time for review is springtime. Here is why the review of your RV insurance should be at the top of your consideration.

The number of appliances in your RV increases

Most RV owners keep upgrading the equipment and appliances in their RV regularly. So, it is possible that you have installed more facilities in your RV after purchasing your insurance policy. Your current policy won’t cover your latest gadgets. What if they get stolen? That’s why it is necessary to review your policy to cover your new appliances.

Rates drop generally because of competition

There’s a general price war among insurance companies. They drop their rates annually to attract new clients. It is also possible that the cost of your current policy has dropped slightly. You may not know if you don’t review your insurance.

Your limits may not give you much coverage

When you file any claim, you’ll be paid according to your premium limit. In several cases, the insurance may not be able to cover much. So, it is a good idea to upgrade your RV insurance for more peace of mind. 

In fact, you need to review all your insurance policies annually, not only your RV insurance. Whenever you decide to review your RV insurance or you want to purchase RV insurance for your new RV, we’ll be glad to guide you at AWARD Insurance Group in Dalton, GA. Just contact us. 

What is Dalton, GA Consequential Damage in Terms of Boat Insurance?

Spring and summer are just around the corner, which means it’s time to gather the sunscreen, bathing suits, and fishing gear for some beautiful boating time. It’s also a great time to look over your AWARD Insurance Group boat insurance policy to ensure you are properly covered.

While the state of Georgia doesn’t require boat owners to carry boat insurance, doing so is a good idea whether you trailer your boat to the local ramp or keep it at your local marina. As with home and auto insurance, there are different types of coverage that boat owners shopping for boat insurance should consider. One such type of coverage is consequential damage coverage.

What is Dalton, GA Consequential Damage in Terms of Boat Insurance?    

You hear stories about boats capsizing in lakes and sinking far out at sea, but did you know that half of all sinkings occur right at the dock? All it takes is one small component below the waterline to falter and your entire boat can quickly become submerged. Many of these parts fail due to either a lack of maintenance or general wear, tear, and corrosion. The most common culprits of these at-the-dock and just-off-the-ramp sinkings are corrupted stuffing boxes, sea strainers, outdrive bellows, and hoses or hose clamps. If one of the aforementioned parts fail and your boat sinks to the bottom, many general boat insurance policies won’t cover the property loss, repair, or replacement due to their excluding losses from such ‘wear, tear, and corrosion’.

But if you have consequential damage coverage, that all changes! Consequential damage policies cover all losses caused due to a component failing from wear, tear, or corrosion (so long as proper care was taken). So a boat that sinks from a busted stuffing box would be fully covered if the boat insurance policy included consequential damage coverage.

Learn More at AWARD Insurance Group

For more information about boat insurance, contact our team today. 

Motorcycle Insurance For Beginners

New to the world of motorcycles? One of the first things you’ll need to learn (after how to ride, of course) are the ins and outs of motorcycle insurance. Motorcycle insurance is similar to automotive insurance but there are some specific differences. In order to protect you and your ride, you’ll want to dig deeper into the world of motorcycle insurance. If you live around Dalton, GA, the staff at AWARD Insurance Group can help with this. 

Go Above The Minimum Liability

Your first instinct may be to opt for the minimum when it comes to liability coverage. This is not a good idea when insuring your motorcycle. This is because you are at greater risk of injury, which means higher medical bills. In the event of an accident where you are injured, there’s a good chance minimum liability coverage won’t provide you with the kind of assistance you need.

Roadside Assistance Is Truly Helpful

Most general maintenance you can perform at home on your motorcycle, and when you need a tune-up you’ll take it in. But you never know when a tire might blow or when another sudden issue arises. In these instances, roadside assistance makes it far easier to get to a motorcycle mechanic and not be stranded on the side of the road. 

Look At Your Health Insurance

While not directly tied to your motorcycle insurance, it is important to insure your body as well. So protect yourself and your body with proper health insurance. 

Have Your Motorcycle Insurance Questions Answered

If you have specific questions regarding motorcycle insurance you will want to talk to a professional about it. When living around Dalton, GA the team of experts at AWARD Insurance Group can help you with this. No matter the kind of bike you ride or the questions you have, all your answers are just a single phone call away. 

Tips for Winterizing Your RV

Living in the south, you get to enjoy mild winters. You’re not shoveling feet of snow every week like those crazy people up north. But, even the mildest winters can still have a few cold spells, and that’s enough to cause damage if you don’t take care of your stuff. It’s easy to park an RV and then forget about it until it’s in season again, but AWARD Insurance Group has seen too many take damage from the Atlanta winters. That’s why we want to help you winterize your RV.

Drain Water

There are a lot of places that hold water in an RV. You want to drain them all. It may not freeze every night in Dalton, GA, but it freezes enough times in the winter to make this necessary. Make sure your draining checklist includes the water heater, fresh water holding tank, gray and black holding tanks, faucets (leave them open when you’re done), toilet and shower. Make sure you get the drain lines as well. Any water left for the winter has a chance to freeze, and you know what happens next. If you’re in doubt, you can check the owner’s manual of your RV. It will help you think about every last drop of water that needs your attention.

Treat Everything

Basically, this is combining two steps. You want to make sure that the exterior/interior of the RV is still properly lined and insulated. If you notice any questionable gaps, make sure they’re treated. More importantly, you want to treat all of the plumbing systems you just drained. Always consult the owner’s manual first, but many RVs can handle antifreeze treatments of the water lines. Go through the recommended process, but getting antifreeze everywhere it is allowed will protect you from any water that might not have drained and keep any lines or components from bursting on the coldest nights.

Of course, the very best way to protect your RV from trouble is to get insurance. For residents in Dalton, GA, AWARD Insurance Group can make sure you have the best possible policy for a price you can afford.

Questions to Ask Before Buying Boat Insurance

There’s nothing like the peace that comes from taking a boat out on the water. It’s an excellent way to unwind. Before you set sail, however, you need the proper boat insurance. To get the right boat insurance, you’ll need to ask the right questions.  AWARD Insurance Group in Dalton, GA is happy to answer these and any other questions you might have. 

Are Salvage Costs Covered?

What happens if your boat sinks? What happens if a hurricane strikes and your boat ends up 1/2 a mile down the street? In either case, the boat must be retrieved. This can be an expensive endeavor. Salvage coverage pays the cost of retrieving your boat and any other associated cleanup costs. 

Am I Insured for Agreed Value or Cash Value?

In the event your boat is severely damaged and is declared a total loss, how much will the insurer pay? If your policy has an agreed value, this means that you and your insurer have an agreed value that will be paid in the event of a total loss. If you have a cash value policy, it means that the insurer will pay you what the boat is considered to be worth. This takes into account depreciation and current market values.

What Types of Coverage are Available?

Liability insurance is the bare minimum policy. In the event that you are at fault in an accident, liability insurance will cover the damage caused to other’s property and often their medical bills.

Medical payments coverage can be added. This covers any medical costs you and your passengers might incur due to an accident.

Uninsured coverage will cover your losses if someone else is at fault but uninsured or underinsured.

Contact AWARD Insurance Group in Dalton, GA today and let us help you choose the right boat coverage for your needs. Enjoy your time on the water knowing that you are protected in the event of an accident.