Why does my policy have more than one deductible?

A policy commonly carries a flat deductible for most claims and a separate percentage-based wind and hail deductible in storm-exposed states like Georgia.

Does my own insurance cover me when I stay in an Airbnb or VRBO?

The host's short-term rental policy protects the host, not you. As an Airbnb or VRBO guest, your own homeowners or renters insurance usually covers your belongings and personal liability away from home, within policy limits, while travel insurance covers trip-specific risks neither the host nor your home policy will.

Does homeowners insurance cover flood damage?

No. Standard homeowners policies exclude all flood damage regardless of cause.

What does uninsured motorist coverage do?

If you are hit by a driver with no insurance or not enough insurance, uninsured and underinsured motorist coverage pays your medical bills.

When do we use Selective for flood coverage versus NFIP?

Selective private flood wins for Zone X and moderate AE properties where it beats NFIP on price and offers higher limits with ALE coverage.

How much does equipment breakdown insurance cost in Georgia?

All FAQs

Quick answer: Most Georgia businesses pay $200 to $1,500 a year when the coverage is added as an endorsement to a commercial property or business owners policy. Businesses with heavy refrigeration or production equipment pay more.

Most Georgia businesses pay $200 to $1,500 a year when the coverage is added as an endorsement to a commercial property or business owners policy. Businesses with heavy refrigeration or production equipment pay more.

The endorsement structure explains part of that range. Equipment breakdown coverage is rarely sold as a standalone policy for small and mid-sized businesses. Instead, it is layered onto an existing property or business owners policy (a BOP, which bundles property and liability coverage for small businesses in one policy), and the premium reflects the value and type of equipment being added to that base policy.

A few factors drive where a business lands in the range. The number and replacement cost of mechanical, electrical, and pressure equipment on the property is the largest factor. A business running walk-in coolers, commercial ovens, or production line motors carries more equipment value than an office relying on standard HVAC and a few computers. The building's electrical infrastructure age and condition also factor in, since older wiring and panels carry a higher likelihood of an arc-related failure.

Example: a small accounting office with one rooftop HVAC unit and no refrigeration or production equipment typically sits near the low end of the range. A restaurant running two walk-in coolers, a commercial dishwasher, and kitchen equipment typically sits toward the middle or high end, because more equipment means more potential breakdown points and higher repair costs if one fails.

This premium buys protection against losses that a base commercial property policy does not cover; see what does equipment breakdown insurance cover in Georgia for the mechanics. The coverage is optional under Georgia law, as covered in is equipment breakdown insurance required for businesses in Georgia. A restaurant-specific example of the payout side is in does equipment breakdown insurance cover spoiled food after a cooler fails. For state-specific detail on carriers and exclusions, see Georgia equipment breakdown insurance. A coverage review can price the endorsement against the specific equipment list at a given property.