Do I stll need home insurance if I don’t have a mortgage?

Owning a home gives you a lot of security and a lot of stress. So many things can go wrong and all of them are expensive. Sometimes it may seem that having to pay for home insurance is just one thing too many. When you have a mortgage, your lender requires that you have home insurance to protect their investment. But once you pay off the mortgage, it may be tempting to let the insurance lapse and save the money you were paying for your premium. Before you make such an important decision why not talk to the experts at Insurance Pro Group Inc. of Suwanee, GA and go over all the options.

Home insurance protects your investment in your future. Life is full of uncertainty and things can happen that would destroy the value of your home. Consider the results of a lightning strike on your home. A fire might start that has the potential to turn your home into a pile of rubble in minutes. If you have home insurance, you will have the money to rebuild and to replace the contents of your home. If you choose to let your home go without coverage, you may have not only lost your home temporarily, you will have lost it forever.

The amount of money that you pay for a premium will seem small compared to the replacement cost of your home, furnishing, clothes and mementos. Even if you can afford to rebuild, your savings will have taken a severe hit.

Your home insurance also has liability insurance that protects you against legal action against you should someone be hurt on your property or off your property by a family member or pet. Being sued can be very costly and without insurance, you will be personally responsible for all the costs as well as any judgment against you.

Home insurance is something that protects you in so many ways that it is worth the cost. Why not stop by and talk to the agents at Insurance Pro Group Inc. in Suwanee, GA. They can help you find the protection you need at a price you can live with.


When is it time to drop collision coverage

Auto liability insurance is mandatory in Suwanee, GA for the minimum required by law. To see the minimum requirements you can visit the state of the Georgia Office of Insurance and Safety Fire Commissioner’s website.  Liability is insurance that protects other people and their property from you through negligence or fault. Collison is the insurance that covers your vehicle.

The agents at Insurance Pro group will explain the two kinds of insurance that cover your vehicle, comprehensive, which protects you from theft, fire and vandalism and collisions which provides coverage so that you can have your vehicle repaired in case of an accident. Collison insurance is not required by the state of Georgia, however, if you have a loan on your vehicle, it may be required by your lender.

Assuming that you have paid off the loan on your vehicle and own it outright, do you need to keep collision insurance on it? This is not as simple a question as it seems. Several things need to be considered. First, what is the value of your vehicle? If it was damaged, how much would the insurance company pay to repair it? If the car has a low value, it may be considered a total loss. You need to take a good look at your policy deductible and what you are paying for the coverage. What would you do if your car became a total loss, would you be able to purchase another car?

If you retain the collision coverage the money you receive for your lost car could provide the down payment on a new vehicle. You don’t however, want to pay more than your car is worth. If you live in the Suwanee, GA area, the agents at Insurance Pro Group Inc. can help you to decide what is best for you. Call their office to make an appointment or just stop by, they have the knowledge to help you make the right decision.

It’s time to look into comprehensive commercial insurance to protect your inventory

Owning your own business is more than a full-time job and requires protection that comprehensive insurance policy can provide. If you are seeking protection for your business including your inventory, it’s time to review your commercial policy. Business owners in the greater Suwanee, GA area have come to rely on the team at the Insurance Pro Group, Inc. to help them establish the insurance portfolio that covers all of their commercial needs. 

Make sure your coverage meets your inventory protection needs

When you first chose your commercial insurance policy, you may have been just starting out in your business. As your firm grows, your coverage will need to grow along with you. Inventory levels can ebb and flow throughout the month or can vary depending on the time of year. If your inventory is at various levels during the year, make sure that you have protection in place to cover the highest level of stock on-hand. You cannot average the annual inventory to determine your coverage level. You need to have the protection that will cover the highest amount of product that you will have on hand at any given time. Don’t make this costly mistake! 

We recommend that business owners have their commercial insurance policies reviewed regularly to ensure that the proper level of coverage is in place to protect the business in the event of loss or damage to your commercial property.

Is it time for a comprehensive review of your commercial insurance policy? Make sure that you have the coverage that you need to protect your inventory and other business assets. If you are in the greater Suwanee, GA area, call the team at Insurance Pro Group, Inc. today to schedule your consultation.

3 Benefits of Commercial Insurance

Simply put, commercial insurance is a type of coverage that protects businesses, business owners, and employees. If you are interested in learning its various benefits, keep reading. 

Lawsuit Protection

In an age in which lawsuits seem to be becoming progressively more common, making sure your business is protected is essential. By purchasing a high-quality commercial policy, you will be able to pay for things such as costly medical bills and other fees that may be requested. By settling this through your insurance company, you can prevent yourself from losing time and money on a lawsuit. 

Employee Protection

On another note, your employees are one of your most valuable assets. Therefore, you need to ensure they are protected as well. If an employee becomes injured or some other major issue occurs, your commercial coverage will allow you a way to help your employee without losing lots of money in the process.


Last but not least, if you are making contracts with other companies or vendors, commercial insurance may be required. Some companies are reluctant to do business with other companies they do not feel are reputable. Lacking commercial insurance may make your business appear to be such a company. However, by purchasing a commercial policy, you will not have to worry about issues such as these.

Overall, for residents of Suwanee, GA, purchasing commercial insurance is not only a good idea, but it can be simple too. By contacting Insurance Pro Group, Inc., you will be well on your way. Email us, call, or stop by the office in Suwanee, GA. An independent Insurance Pro Group, Inc. representative would be glad to assist you.

What Life Insurance Policy Is Right for You?

Determining the right life insurance policy in Suwanee, GA between permanent and term is a personal decision that should be based on the financial needs of your beneficiaries and your financial goals. An agent at Insurance Pro Group, Inc. can help you weigh the pros and cons of each policy.

  • Term life insurance will provide death benefits only and will only pay the benefits if you die while the policy is in effect. It’s the most affordable insurance to buy but does get more expensive as you age. It will only be in place for a specific term, but it can sometimes be converted to a permanent life insurance policy.
  • Permanent life insurance will cover you for life and can also provide cash accumulation that builds throughout the policy. It does take about 12 to 15 years to build up cash value, and you typically do need to have a health exam to qualify. It could be more expensive than term life insurance but could save you money throughout the life of the policy.

When deciding between the policies, take account of your current age, financial needs of the family, current state of your health, age of children, any plans for funeral or death expenses, your existing debts and mortgage, the need for additional retirement savings, and your feelings on paying into a term life policy and possibly never getting any money back. By adding up your living expenses, current mortgage, debt, and children’s education costs, you can see how much life insurance you should have. If you are in your 30s, have young children, and are the breadwinner, then a term life policy that would cover your financial obligations could be a good idea. However, if you are 60 with children that are grown, then your needs are different, and you may want a permanent policy that could provide for your spouse, or just a smaller term policy to cover any final expenses.

Contact Insurance Pro Group, Inc. serving Suwanee, GA, to get a quote on life insurance. 

Are There any Changes in 2019 to Georgia Auto Insurance?

As the year is wrapping up, we want to remind you about the importance of insurance to protect both you, your property, and family. At Insurance Pro Group, Inc., we stay up to date on all the changes in the insurance industry to keep you covered in all situations. We serve Suwanee, GA and the surrounding areas with insurance coverage for all parts of life. We want to help protect what is important to you on the road and off, so call today to make sure your insurance coverage is up to date in all aspects of your life. 

Georgia Auto Insurance in 2019

The good news is that after the auto insurance rate hike in 2016, not too much has changed when it comes to auto insurance rates or laws in Georgia for 2019. To refresh your state-mandated requirements, you must have liability at these minimum coverage amounts: Bodily injury at $25,000 per person, and $50,000 for multiple people in an accident with Property damage liability at $25,000 for one incident. You have the option under Georgia law if you want to add collision, comprehensive, medical, funeral, uninsured drivers, or rental insurance. However, your finance company may require more than the Georgia minimum.  

Contact us at Insurance Pro Group, Inc. for more information about your 2019 Georgia auto insurance. We proudly serve Suwanee, GA and the surrounding areas with quality insurance. Keep in mind that the lack of changes in 2019 can be seen as a good thing as it means that there are no state-mandated increases in premiums as of yet. 

Is it Time to Expand Your Commercial Insurance Coverage?

A commercial insurance policy is a great way to protect your business and the investment you have in it, but you need to make sure you have enough coverage to be protected. If you have not updated your insurance policy in a while, it may be time to take a closer look at it and see if changes need to be made. Especially if your business has grown, having an expanded level of commercial insurance may be something you want to consider carefully. But you also need to talk to an agent at Insurance Pro Group, Inc. so you can understand your options and genuinely get the coverage that matters, instead of just raising the limits of your Suwanee, GA area policy.

One of the problems that people run into with commercial insurance coverage expansion is that they raise the limits. That means higher claims would be paid, but it does not expand the coverage to other areas that may need to be protected. Seeing your business get bigger and add more people, new departments, and products are exciting. Make sure you do not get so caught up in that excitement that you do not realize that your larger business does not have the protection it really should.

Reach out to us today at Insurance Pro Group, Inc. and make sure your Suwanee, GA area business is protected the right way. Then you can truly have peace of mind as you grow, and you do not have to worry so much about what could go wrong. You will have a company and agents behind you that you can trust and feel good about, along with a policy that will keep your business financially protected as you work to make that business even bigger and better.

Can Minors Be Life Insurance Beneficiaries?

Many people take out a life insurance policy to ensure their children are cared for in the event that they pass away unexpectedly. However, one of the questions that people often ask us at Insurance Pro Group Inc., serving the greater Suwanee, GA area, is whether minors can be life insurance beneficiaries. Here is what you need to know about this topic. 

Life Insurance Beneficiaries

Minors can be named as a beneficiary on a life insurance policy. However, minor children typically cannot receive the money from the life insurance policy if it pays out while they are still a minor. If you pass away and the child is underage, the money typically is held in an account until the child reaches either 18 or 21, depending on the terms of the policy and the age of majority in the state in which the policy is signed in. 

If you are concerned about your child being taken care of until they reach the age of majority where they receive the money, you can set the policy up so that it has a Uniform Transforms to a Minor clause in it. The money is transferred to the individual who cares for your child to spend on your child’s needs. Once your child reaches the age of majority, they transfer the remaining balance to your child. Unfortunately, no one oversees these policies, so the money needs to go to someone you trust to spend the money responsibly on your child. 

If you are looking to take out a life insurance policy in the greater Suwanee, GA area, Insurance Pro Group Inc. can help you. Contact us today to talk to one of our agents about your life insurance needs or to obtain a quote. 

Beyond Liability: The Importance of Full Auto Insurance

Since we began serving Suwanee, GA, we’ve noticed that many people only choose the bare minimum liability insurance for their vehicles. We, at Insurance Pro Group, Inc., feel it’s important to address the other options available to you. We hope by the end of this post our readers will understand why a fuller policy is the better investment!

What is full auto insurance?

In short, full auto insurance is a package of policies designed to protect you and your vehicle from common hazards. This usually includes protections for liability, collisions, and comprehensive coverage for incidents that are not the direct result of an accident.

  • Liability – Coverage for damage and bodily injury to others in an accident you caused. It does not cover damage or injury to yourself or your vehicle. This is barest minimum coverage required by the state.
  • Collision – Coverage for repairs or replacement of your vehicle after an accident. This usually covers incidents of running into another car, running into objects, or rolling the vehicle. 
  • Comprehensive – Coverage for damaging incidents that are not the direct result of a collision or accident. This can include fire damage, vandalism, theft, falling objects, or natural disasters. 

Why is full auto insurance important?

While a basic liability policy will allow you to drive legally, it can’t protect your assets after an accident. Should you, unfortunately, cause an accident, liability coverage will only cover the expenses of the person you crash into. This means that all damages to your vehicle will have to be paid out of your pocket. These costs can quickly pile up and may make it impossible for you to fix your vehicle.

If you’re a driver in the Suwanee, GA area, allow Insurance Pro Group, Inc. to find you a full auto insurance package to keep you on the road!

Does Your Business Really Need Commercial Insurance?

Whether a business needs commercial insurance can be affected by many things. Some businesses, such as those that are internet-based, may not need to have an insurance policy. That’s especially true if the company is a sole proprietorship and there aren’t any employees to cover. If there’s just the owner, and no customers come to the location where they could probably get hurt, that Suwanee, GA area business probably doesn’t need a commercial insurance policy. But Insurance Pro Group, Inc. can advise you, and let you know whether your business needs that policy or can operate safely without it.

For most businesses, commercial policies are required. They’re designed to protect the business, but also to protect any employees or customers who may become injured at the company’s location. But not all commercial policies are the same, and just getting one to get your business moving forward isn’t going to help you too much. Instead of taking risks by picking a policy you don’t know much about, it’s better to choose a commercial insurance policy that’s right for you. How can you do that? By working with an insurance agency that has knowledgeable agents, and that can give you multiple quotes from different companies.

If you have a business in the Suwanee, GA area and you need a commercial insurance policy or have questions about them, reach out to us at Insurance Pro Group, Inc. We are here and happy to help you find the commercial policy that’s going to work for your needs. Since every business is different, you may need different types and levels of coverage. We understand that and will work with you to ensure your insurance needs are met so your business can grow with security.