Is RV insurance required in Georgia?

Yes for motorized RVs in Georgia (liability matches state auto minimums). Travel trailers borrow from the towing vehicle. Specialty RV coverage strongly recommended for physical damage and personal effects.

What commercial coverage do Georgia businesses need beyond a business package policy and general liability?

Beyond a business package policy and general liability, the most common Georgia specialty commercial needs are commercial umbrella, inland marine, cyber, and management liability.

How do I cancel my insurance policy?

Cancellation is a written request to the carrier with a specific date, usually 14 days notice. Most carriers refund unused premium pro rata. Never cancel before the new policy is in force.

Do I have to use the carrier’s preferred contractor?

Usually no. Most policies let you choose any licensed contractor, though preferred shops have their own benefits.

How much does a coverage review cost?

Nothing. A coverage review with Olive Cover is completely free and carries no obligation.

General FAQs

What is a deductible?

All FAQs

Quick answer: The amount you pay out of pocket on a covered claim before insurance pays the rest. Higher deductibles mean lower premiums.

What is a deductible in insurance?

A deductible is the amount you pay out of pocket on a covered claim before your insurance pays anything. It is your share of the loss on each claim.

The math works like this: if you carry a $1,000 deductible and a covered loss costs $6,000 to repair, you pay the first $1,000 and your insurer pays the remaining $5,000. If the damage costs less than your deductible, insurance does not pay at all.

How does a deductible affect your premium?

A higher deductible lowers your premium. A lower deductible raises it. The trade-off is between predictable annual savings and the cash you would need available after a loss. Deductibles also reduce the volume of minor claims, which helps keep rates stable across the insurance pool.

For example, a homeowner who raises their deductible from $500 to $2,500 might save $200 to $400 per year in premium, but would owe $2,500 out of pocket before insurance responds to any single claim.

What types of deductibles exist?

Deductibles take several forms depending on the policy:

Flat dollar deductible: a fixed amount, such as $500, $1,000, or $2,500, that applies to each covered claim. Common on homeowners and auto policies.
Percentage deductible: calculated as a percentage of the insured value, not the claim amount. Georgia homeowners policies frequently carry a separate wind and hail deductible expressed this way. On a home insured for $350,000, a 2% wind and hail deductible means you cover the first $7,000 of storm damage.
Split auto deductibles: comprehensive and collision coverage on an auto policy can carry separate deductibles. A $0 comprehensive deductible and a $1,000 collision deductible is one common structure.
Annual health deductibles: health insurance deductibles reset each policy year. Once you reach the annual limit, the plan pays covered costs until the next reset.
Commercial variations: business policies may use per-occurrence deductibles, aggregate deductibles, or both, depending on how the policy is written.

What happens if your deductible is too high to pay?

A deductible set higher than you can realistically pay out of pocket creates a gap at exactly the moment you need coverage most. After a total loss or major damage event, a policy with a $5,000 deductible only helps if you have $5,000 available.

For example, a Georgia homeowner with a $5,000 wind and hail deductible who suffers $8,000 in storm damage would receive only $3,000 from the insurance company, even though the home is insured for full replacement cost.

How do named-storm deductibles work in Georgia?

Georgia property owners should pay attention to how named-storm or hurricane endorsements interact with their standard wind and hail deductible. The triggering language and percentage basis can differ between carriers and policy forms. Some policies only apply the higher percentage deductible when a storm is officially named by the National Hurricane Center, while others trigger on any tropical event.

A licensed insurance advisor can review your deductible structure across every policy you carry and compare the premium difference against realistic out-of-pocket exposure. Request a free coverage review to go through the numbers.