What insurance do I need when buying a house in Georgia?

When you close on a home in Georgia, you need homeowners insurance in place before the lender funds the loan. The policy has to name your lender as the mortgagee and the dwelling coverage has to be at least the loan amount or the rebuild cost, whichever is higher. Most lenders ask for proof at least 5 to 10 business days before closing. Three things to lock in: dwelling coverage based on the cost to rebuild (not the purchase price), liability limits high enough to protect your assets, and a deductible structure you can afford. In coastal Georgia counties you also need to plan for the named storm deductible, which can be 2 to 5 percent of dwelling coverage. We run a Free Coverage Review side-by-side across multiple carriers so you can pick the policy that fits your closing timeline and budget.