Georgia is one of the most expensive states for renters insurance, as they’re the sixth most expensive state, with premiums around $243 annually in 2017 compared to the average premium of $180 in the United States. Even with the extra cost in Georgia, renters insurance can be affordable and can save you a lot of money if something happens that would require you to use your coverage.
Find the Best Renter Insurance
Enter your ZIP code below and be sure to click at least 2-3 companies to find the very best rate.
When considering renters insurance, there are several things to consider:
- Personal property: This is the amount that covers your items should they incur damage from fire, flood, weather or other covered events
- Personal liability: Personal liability covers medical bills for anyone who’s injured in your home or on your property. It can also protect you from expenses if you’re legally responsible for damage on someone else’s property.
- Loss of use coverage: This provides financial assistance for temporary living expenses if your apartment becomes uninhabitable.
With these factors in mind, how much renters insurance do you need? This depends on the value of the items in your home. To demonstrate, if you’re a college student who doesn’t have many valuable items, you could afford to have a lower personal property amount. Or, if you have collectibles, artwork or other high-priced equipment, you’ll want more protection to cover them. Likewise, if you have a dog that might bite someone, more personal liability protection could be useful.
Best rental insurance companies in Georgia
When searching for the best renters insurance companies in Georgia, consider a provider’s reputation for delivering customer service (the J.D. Power & Associates customer satisfaction survey is a helpful resource), it’s financial strength that indicates if they can pay out claims (AM Best rating) and their price offerings. With this in mind, here are the best of the best:
- Liberty Mutual: Liberty Mutual earned top marks for its financial strength, as it rated A with AM Best. This indicates the company has strong financial health and should be able to pay its policyholders’ claims.
- Nationwide: Nationwide made the list on the strength of its customer service. That said, Nationwide tends to be a more expensive option when compared to State Farm or Liberty Mutual.
- State Farm: State Farm makes the list because they earned a five out of five rating with J.D. Power, demonstrating a high level of customer satisfaction. What’s more, when we did a quote with State Farm, it was the cheapest traditional provider available, with rates beginning at $242 annually.
- USAA: Last, but certainly not least is USAA. It’s the gold standard for insurance companies because it earned a five out of five overall in J.D. Power’s customer satisfaction ratings. USAA is also among the least expensive providers with some of the most responsive customer service. This company only serves military members and their families.
Taking these things into account, here’s how the top Georgia renters insurance companies measure up to each other:
|Provider||J.D. Power Rating||AM Best Rating||BBB Grade|
|Liberty Mutual||2 out of 5||A||A|
|Nationwide||2 out of 5||A+||A+|
|State Farm||5 out of 5||A++||A+|
|USAA||5 out of 5||A++||Not rated|
When comparing renters insurance, you will have certain things that are more important to you than others. Because of this, we want to help you in the right direction by providing the best carrier depending on your situation.
Cheapest Georgia renters insurance: State Farm
State Farm is by far the least expensive option available. When we did a quote for them using an Atlanta zip code for $20,000 in personal property coverage, we received a quote for $243 annually. If you combine this policy with an auto policy, it drops the price down to a little over $16 per month.
Best Georgia renters insurance for online options: Nationwide
Nationwide makes it simple to receive a quote within minutes. You visit the website, go to “start my quote” and fill out the required information. Nationwide also offers a mobile app where you can make changes to your policy at any time, which is a simplified way to manage your policy on the go.
Best Georgia renters insurance for customer service: USAA and State Farm
Insurance can be difficult to understand. If you don’t know what coverage you’re receiving, it helps to go with a provider that delivers exceptional customer service. This is where USAA and State Farm separate themselves from the rest of the pack, as both earned top marks in J.D. Power’s customer satisfaction survey.
Frequently asked questions
How much renters insurance do I need in Georgia?
The amount of Georgia renters insurance you need depends upon the value of the items you have. If you have more valuable items, you’ll want a bigger amount to cover you in the off chance they incur damage.
What’s the cheapest renters insurance company in Georgia?
For traditional carriers, you won’t beat State Farm. It offers the lowest rates with the highest customer satisfaction scores. If you’re in the military or have a family member who is in the military, USAA is your best bet. However, your circumstances might make some companies cheaper than others. Get several quotes and ask about discounts you might be eligible for to find the cheapest coverage.
The post The Cheapest Renters Insurance Companies Georgia 2020 appeared first on The Simple Dollar.
Paycheck Protection Program (PPP): Forgivable SBA Loans For 2.5x Monthly Payroll
If you are a small business impacted by COVID-19, including self-employed and independent contractors, you have hopefully been following the developments of the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan Emergency Advance (EIDL) being rolled out by the Small Business Administration (SBA) and U.S. Treasury. Details are still being ironed out, but PPP could cover up to 2.5 months of your payroll costs. Here are some general highlights from the Treasury PPP overview PDF along with some details from the Bank of America PPP application:
Loan Amount = 2.5 times Average Monthly Payroll. “The Paycheck Protection Program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities.” In the Bank of America PPP application, two possible options given were to use 2019 payroll or 2019 1099-MISC totals, and then multiple the average monthly payroll by 2.5. So if you averaged $6,000 per month, you can ask for a loan for $15,000. Income over $100,000 annually per employee isn’t covered. Here are some details:
For purposes of calculating “Average Monthly Payroll”, most Applicants will use the average monthly payroll for 2019, excluding costs over $100,000 on an annualized basis for each employee. For seasonal businesses, the Applicant may elect to instead use average monthly payroll for the time period between February 15, 2019 and June 30, 2019, excluding costs over $100,000 on an annualized basis for each employee. For new businesses, average monthly payroll may be calculated using the time period from January 1, 2020 to February 29, 2020, excluding costs over $100,000 on an annualized basis for each employee.
Fully Forgiven. “Funds are provided in the form of loans that will be fully forgiven when used for payroll costs, interest on mortgages, rent, and utilities (due to likely high subscription, at least 75% of the forgiven amount must have been used for payroll). Loan payments will also be deferred for six months. No collateral or personal guarantees are required. Neither the government nor lenders will charge small businesses any fees.”
In my Bank of America, the details are given that it is a 2-year loan at fixed 1% interest. As noted, payments are deferred for the first 6 months. If you use the money in an eligible manner (see below), it is fully forgiven and not treated as taxable income.
Must Keep Employees on the Payroll—or Rehire Quickly. “Forgiveness is based on the employer maintaining or quickly rehiring employees and maintaining salary levels. Forgiveness will be reduced if full-time headcount declines, or if salaries and wages decrease.” In other words, this is supposed to encourage companies to keep employees and is separate from unemployment insurance.
All Small Businesses Eligible. “Small businesses with 500 or fewer employees—including nonprofits, veterans organizations, tribal concerns, self-employed individuals, sole proprietorships, and independent contractors— are eligible. Businesses with more than 500 employees are eligible in certain industries.”
Businesses are limited to one PPP loan. Each loan will be registered under a Taxpayer Identification Number at the Small Business Administration (SBA) to prevent multiple loans to the same entity. Owners with more than one business may apply for a separate loan for each entity.
Application Dates and Details. “Starting April 3, 2020, small businesses and sole proprietorships can apply. Starting April 10, 2020, independent contractors and self-employed individuals can apply. We encourage you to apply as quickly as you can because there is a funding cap. […] You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating.”
While technically you can apply at any SBA 7(a) lender, as of 4/5 many of them don’t even have any formal application process at all! Bank of America started accepting applications early, but first required both an existing BofA business checking relationship AND a BofA loan relationship as of 2/15/20. They later relaxed the rules to require at least an existing BofA business checking relationship as of 2/15/20. Most banks are limiting the applications to existing clients:
- SBA Eligible Lender locator
- Bank of America application (must have existing relationship)
- Chase Bank application (must have existing relationship)
- Wells Fargo Bank application (must have existing relationship)
- PNC Bank application (must have existing relationship)
- Capital One info page
- Citi info page
In addition, the US Treasury now has a paper application that you can submit to any eligible lender. I have no idea what will be the best. Small local bank? Mega bank? I would assume that if you have an existing relationship with a bank, they would be able to just deposit the money into your primary business account. But I’ve learned to stop making assumptions in 2020!
The funds are supposed to go out first come, first served, although they may expand the amount available. I’m sure that is not helping the chaos. No documentation was required upfront for BofA, but I would get your payroll documentation ready to submit as soon as they ask for it.
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HDFC All Miles Credit Card Review
|HDFC All Miles Credit Card Rating|
|Reward Points ★★★
Travel Benefits ★★
Annual Fee ★★
Offers & Discounts ★★
Additional Benefits ★★★
|Paisabazaar’s Rating ★★★|
HDFC All Miles Credit Card lets you earn reward points on every purchase you make. The accumulated points can then be converted to air miles, which can then be used to book flight tickets in the future. This card accelerates reward earning rate thereby facilitating redemption of rewards for air miles. If you are a frequent traveller, this card can be the right choice for you. Hence to make the decision a lot easier for you, we have given a detailed review of the card that will help to decide if this card suits your needs or not.
Key Highlights of HDFC All Miles Credit Card
Earn Reward Points on every transaction
Save as you travel, shop, dine and more with the HDFC All Miles Credit Card. Here’s what you get with this card-
●3 reward points for every Rs.150 you spend
●2X reward points on hotel bookings, mobile recharge, shopping etc
●Double reward points on transactions made via All Miles website
All the eligible retail transactions let you earn reward points on every purchase made. In this way, you can surely earn rewards at a faster pace. All the accumulated points can then be redeemed and further converted to air miles for future bookings. It can be said that the card is indeed offering decent reward points when compared to other similar cards.
Read more about HDFC Bank Credit Card Reward Points
With this card you can get 1% fuel surcharge waived off on all fuel transactions. For this-
- Minimum transaction of Rs.400 is required
- You can get a maximum cashback of Rs.500 per statement cycle
A majority of cards nowadays offer benefits of fuel surcharge waiver. However if you are exclusively looking for fuel benefits, you should look for other cards that prioritise fuel discounts.
Get your Annual Fee waived off
Just by spending Rs.15,000 within the first 90 days of your card opening, you can get your 1st year’s annual fee waived off. You have the option to renew your membership for free just by spending Rs.1 lakh in a year. This is one of the great benefits that this card provides you with.
Enjoy 50 days of interest-free credit
With this card you can enjoy 50 days of interest-free credit period. However interest rate of 3.49% will be charged on any outstanding amount carried beyond the bill due date.
Avail zero lost card liability facility
If your card is missing or has been stolen, you need to immediately contact your bank’s customer care for card blocking. Once you report the issue, you will not be held responsible for any unauthorized or fraudulent transactions made using your card.
Is Rs.1000 Annual Fee Justified?
Well it is true to say that if you compare the benefits that the card offers to other similar cards having the same annual fee, this card surely lacks behind. The reward points offered are good but fails to justify the Rs.1000 annual fee. However, for your reference we have listed below the other fees and charges related to this card.
|Primary Features||Fees / Charges|
|Interest Rate||3.49% per month (41.88% p.a.)|
|Rewards redemption fee||Rs.99 per request|
|Cash advance fee||Rs.2.5% of the amount withdrawn subject to a minimum of Rs.500|
|Late Payment Charges||Less than Rs.100: Nil
Rs.100 to Rs.500: 100
Rs.501 to Rs.5,000: Rs.500
Rs.5,001 to Rs.10,000: Rs.600
Rs.10,001 to Rs.25,000: Rs.800
Greater than Rs.25,000: Rs.950
|Minimum repayment amount||5% of the outstanding balance or Rs.200, whichever is higher|
|Reissue of Credit Card||Rs.100|
Should you go for this card?
The first question that will come to your mind will be whether you should or should not opt for this card. Hence for your convenience, we have laid down certain points that might help you decide whether this card is the best choice for you. The card is best for you if-
- You frequently book air tickets online
- You are more inclined towards earning reward points than availing cashback
- You are not looking for any category specific discount
- You are not interested in putting major expenses on your card
- You are not looking for any welcome bonuses
If the above listed points match your requirements, undoubtedly this card is best for you. If the card fails to match your needs, you can look for other similar rewards credit cards with more benefits and comparatively lower annual fee like American Express Membership Rewards, Citi Rewards Domestic and Standard Chartered Landmark Rewards
Limitations of HDFC All Miles Credit Card
Although the card provides certain benefits to you in the form of reward points and air miles, there are certain drawbacks attached to it. Some of the limitations of this card are-
- The reward points are not that great as compared to other HDFC Credit Cards.
- The annual fee is not justified in terms of what all benefits the card provides.
- There are no discounts on entertainment, shopping or movies.
- If you are a shopaholic, this card is definitely not the one for you.
- The card does not offer any milestone reward.
- No lounge access is provided by the card.
- It does not provide any exclusive discount on air ticket bookings.
Overall, this card is surely not amongst the best credit cards in the market. Although the card offers decent reward points, it still fails to justify the Rs.1000 annual fee. The card does fall behind to provide any category specific discount to you, however the air miles facility is an added advantage. You can surely go for this card if you are a frequent flyer however there are many cards that comparatively provide more benefits that too at the same annual fee.
The post HDFC All Miles Credit Card Review appeared first on Compare & Apply Loans & Credit Cards in India- Paisabazaar.com.
Coronavirus Stimulus Check 2020 [how much you’ll get & who qualifies]
(The following is a transcription from a video I recorded. Please excuse any typos or errors.)
Quick little update for you.
The Senate and the White House reached an agreement on this big stimulus bill, the Trump coronavirus stimulus check for 2020.
Let me share with you who will be eligible, how much you will get, what the qualifications are, and when you can expect to receive the stimulus check from the U.S. government.
And so if you haven’t heard about this, it’s pretty cool because you’re probably going to be getting a nice fat check from the government.
Here are the details that you need to know.
It is expected to be up to $1,200 per adult and $500 per child, which is pretty fun.
These amounts are based off of your 2018 tax returns if you haven’t filed 2019 tax returns yet.
Taking Your Income Level Into Consideration
And according to this article from the Los Angeles Times, the amount received will decline gradually beginning with individuals who make $75,000 a year or married couples who make $150,000 total each year.
Individuals making $99,000, or above or couples making $198,000, or above would receive no check.
Which looks like this:
And here is another helpful breakdown of how big your stimulus check will likely be:
When will you get your check?
Stimulus Check Timeframe
The fun thing about is they’re expected to be shipping within the next few weeks.
So that’s really cool. And you don’t normally see the government move this fast on things, but the stock market’s been doing fantastic the last two days as a result of the expectation of this thing coming through.
While I’m not really excited about the long term effects of the government giving away all this money, I know a lot of people who will be excited to get a little bit of cash in their pocket.
So that’s the latest update for the Trump coronavirus stimulus check for 2020!
Let us know in the comments below what you plan to do with this Trump stimulus check that you will hopefully be receiving soon!
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