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.

Where can a Georgia nonprofit get coastal wind coverage standard carriers decline?

All FAQs

Quick answer: Georgia has no state-run coastal wind pool. The Georgia Underwriting Association (GUA) is the state's residual property market (O.C.G.A. Title 33, Chapter 33) for wind and coastal risk when private carriers decline to write the property.

Georgia has no state-run coastal wind pool. The Georgia Underwriting Association (GUA) is the state's residual property market, established under O.C.G.A. Title 33, Chapter 33, for wind and coastal risk when private carriers decline to write the property. A "residual market," sometimes called a market of last resort, is coverage made available through a state-authorized association when standard insurers will not write a property because of concentrated risk, such as hurricane and wind exposure along the coast. The GUA pools participating insurers together to write basic property and wind coverage on properties standard carriers turn down.

Example: a nonprofit retreat center located near the Georgia coast applies to several standard commercial property carriers for wind coverage and is declined by each one because of the property's hurricane exposure. A licensed producer can apply to the GUA on the nonprofit's behalf for wind and basic property coverage on that building, since the GUA exists specifically to cover properties the standard market will not.

GUA policies typically provide basic, named-peril property coverage rather than the full range of coverage found in a standard commercial property policy. A nonprofit placed with the GUA for wind coverage may need a separate standard policy to cover other perils, such as theft, water damage, or general liability, since the GUA's role is limited to the wind and coastal property risk that private carriers declined.

This coastal wind exposure sits alongside the coverages Georgia nonprofits carry more broadly, including commercial property, general liability, and D&O, described on the Georgia nonprofit insurance page and the nonprofit insurance guide. Carriers that write standard commercial property for Georgia and Alabama nonprofits, before a property needs to go to the GUA, are listed on the carriers page. Whether a specific coastal property needs GUA placement or still qualifies for standard-market wind coverage can be reviewed through a coverage review.