What Impacts Your Insurance Rates When You Purchase in Atlanta?


        

Today we have Alex Knapp with us from The Rhoads Group to discuss how insurance rates are determined when buying a new home. This is great information for those looking to sell their home. Alex will be discussing a few different things that can affect your insurance rates for buyers.
  • FICO Score: This is your insurance score, and this has the most impact on what your premium will be. This is not the same as your credit score, and your FICO score can be great while your credit score may be lackluster.
  • There are many other things that can affect your insurance rate, and one of them that nobody thinks about is the age of the roof on a home you currently live in or one that you plan on living in. Your claims history can also be a big factor in determining your insurance rate. If you have an extensive history of loss, you may be dealt a pretty high rate. 
    • Be aware that Atlas Chalet shingles have been recalled and that this could significantly affect your FICO score if they were used to build your roof. Most insurance companies will not insure you if you're buying a home with these shingles. Chalet shingles impact both sellers and buyers- it is important to know your options, more importantly, to have proper representation to protect your wallet. 
If you would like to contact Alex, he can be reached most easily at (678) 697-1908. We highly recommend Alex because he provides great customer service and he's dedicated to helping his clients. 
As always, if you're looking to buy, sell, or invest in Atlanta real estate, please don't hesitate to give me a call at 678-428-5841.

How Can You Avoid Unnecessary Expenses on Your Atlanta Home?


          

Hey everyone, today we are excited to be joined once again by our favorite insurance provider, Alex Knapp. We are going to talk a little bit today about some preventative measures that you can take in the springtime to avoid unnecessary insurance-related expenses. 

There are plenty of preventative measures you can take right now to ensure your home will be functioning properly as we head into the warmer months. One important thing to do is get your gutters cleaned out, so the water on your roof drains properly. You also want to trim off any tree limbs that are close to your home to avoid storm damage, and keep your bushes and shrubs trimmed up and away from your home. You'll want a little buffer between the shrubs and the house to prevent water and pest damage. 

If you're not practicing preventative maintenance right now, it could prevent you from making an insurance claim, which happens a lot. For example, if you have a squirrel or raccoon that gets into your attic from a nearby tree, any damage caused by the animal is not covered under your homeowners insurance policy. This is why it's so important to have someone who understands your policy and lets you know what you are personally responsible for. 

If you have a bit of an older roof, you may want to have a contractor come out and make sure you don't have any leaks or holes in your roof. Sometimes as roofs age and heat up in the summer, the nails pop out of the shingles. It's a preventative measure, because you don't want roof damage. 

If you have any questions about insurance, give Alex a call on his cell phone at (678)697-1908.

If you have any questions for us about real estate, you can always give us a call or send us an email. We look forward to speaking with you!