Smyrna Homeowner’s Insurance is a Big Deal!

For most people, a house is the single largest purchase they will ever make. Unless you’ve won the lottery or inherited a home from a family member, you’ll spend 15-30 years paying for the investment. In addition to the mortgage, you’ll face multiple expenses along the way, from home improvement projects to repair or replacement of major home features.

Are you willing to gamble with your home’s protection?

Because a home is such a large investment, most people seek out a respectable level of homeowner’s insurance. The details of your policy may vary depending on your needs, but most policies will cover the actual structure at minimum, and most policies also cover the contents of the home. These details are of the utmost importance, but there is another factor that is equally important: the credibility and reliability of your Smyrna homeowner’s insurance provider.

Do Your Due Diligence when Choosing a Smyrna Homeowner’s Insurance Provider

Insurance companies can pop up out of nowhere and then disappear just as quickly. While a new insurance company may be able to offer you what seems like a phenomenal deal on your Smyrna homeowner’s insurance, no level of coverage will do you much good if the company goes bankrupt or out of business at the time you need to file a claim.

While it’s possible for any company, no matter how large or successful, to face a sudden hardship that forces it out of business, the risk is far less for established companies than it is for companies in their infancy. In order to minimize your risk as a homeowner, use these tips when choosing an insurer:

  • Research the company’s history. Your Smyrna homeowner’s insurance provider should have a well-established history. Companies that are 5 years old are more reliable than those who are only 2 years old. Similarly, companies that were established decades ago will be more reliable than those who are less than 10 years old.
  • Look at the company’s stability. You may need to use several resources to do this, but the idea is to find out how reliable the company is when it comes to paying out on claims. You can look at review sites where existing customers may have left feedback. You may also look at public financial records from the company that details the profit margins for past fiscal years. You want a company that does produce a profit every year. If they aren’t running a profit, how are they going to pay out on claims?
  • Check out the company’s licenses. If you’re purchasing Smyrna homeowner’s insurance from a company, that company should be licensed to sell homeowner’s insurance in Georgia. If it is not, your policy may be void and worthless—not something you want to find out in your time of need!

If you’re looking for a reputable, stable homeowner’s insurance company in Smyrna, contact us at Waggoner’s Insurance. You may request a quote online, or give us a call at 770-434-4000 to speak to one of our agents.