Home Value Protection, an insurance policy that protects homeowners from the impact of declining home prices, is now available in Georgia.
Home Value Protection insures the market value of a home and shelters homeowners’ equity from the plunge in housing prices that has plagued the Georgia and U.S. housing markets. The company reports that it is “the only insurance policy that allows homeowners to protect the investment in their home,” according to a release.
The company introduced Home Value Protection in Ohio last year, and expanded into Oklahoma in February before launching in Georgia.
Home Value Protection insures a home based on the current market value. If local home prices decline and a policyholder sells their home for less than the insured value, the policy protects against the loss, according to a release. Homeowners can lock in their insured home value for up to 10 years. If home values appreciate, they can purchase a new policy with a higher insured home value. Monthly premiums for a typical Georgia home are $25 to $35 a month.
Home Value Protection insurance is available from independent insurance agents, at HomeValueProtection.com or by calling (866) 576-0611.