What are the most common claims on Georgia habitational insurance?

The most common claims on Georgia habitational insurance, which covers apartment buildings and other multi-family rental properties, are water damage, slip-and-fall injuries, fire, and storm damage. Knowing where claims come from helps you carry the right coverage and limits.

Here are the claims we see most often in Georgia:

• Water damage from burst pipes, water heater failures, and overflowing fixtures. This is frequently the single biggest source of claims, especially in winter when pipes freeze.
• Slip-and-fall and other liability injuries in stairwells, parking lots, and common areas, where a tenant or visitor is hurt and the owner is held responsible.
• Fire, including kitchen fires and electrical fires that can spread between units.
• Wind and hail from Georgia’s strong thunderstorms, which damage roofs and siding across many units at once.

For example, a 24-unit Macon apartment building suffers a second-floor pipe burst over a holiday weekend. Water runs down through four units before anyone notices. The repair bill, including drywall, flooring, and tenant relocation, reaches $85,000. A well-structured habitational policy covers the building damage and the related liability if a tenant is injured.

Because liability claims can be expensive, many owners add an umbrella insurance policy on top of their building coverage. We will review your loss history and help you set limits that match your real exposure. Request a free coverage review and we will help you reduce the claims that hurt habitational owners most.